Published on 04/08/2025 04:45 PM
Sona BLW Q1 Results: Net profit, revenue down from last year; margin in-line with estimatesSona BLW ended Q1 with a few large order wins. The company has received a large order from a North American OEM to supply differential assemblies. This is its largest order win in the last two and a half years.By Meghna Sen August 4, 2025, 4:45:11 PM IST (Published)2 Min ReadSona BLW Precision Forgings Ltd. reported its June quarter results on Monday, August 4, which was almost in-line with Street expectations, but down on a year-on-year basis.
Net profit for the quarter fell 12.2% year-on-year to ₹124.7 crore from ₹142 crore last year. The figure was marginally higher than the CNBC-TV18 profit estimate of ₹123 crore.
Revenue for the quarter also decreased by 4.2% from the same quarter last year to ₹854 crore, which turned out to be below what the Street had pegged the figure to be at ₹856 crore.
Earnings Before Interest, Tax, Depreciation and Amortisation (EBITDA) for the quarter fell 17.4% on a year-on-year basis to ₹206 crore, but was slightly higher than expectations of ₹205 crore.
EBITDA margin for the period contracted by 400 basis points to 24.1% from 28.1% last year, but the margin figure was little higher than the CNBC-TV18 poll estimate of 24%.
Sona BLW MD and Group CEO Vivek Vikram Singh said that Q1 FY26 was a challenging quarter due to the convergence of multiple adverse factors, which are temporary, and some have started to resolve already.
"We ended the quarter with a few large order wins, closing the quarter with an all-time high net order book. We have received a large order from a North American OEM to supply differential assemblies. This is our largest order win in the last two and a half years," Singh said.
Further, he added: "We believe this is likely to be one of the most significant and successful EV launches in many years. We have strengthened our position as the leading supplier of drive motors for electric two- and three-wheelers in India by securing another order from our existing customer for their upcoming electric three-wheelers. We have recently signed a term sheet with JNT to form a JV in China. This JV marks a significant step in our strategy to expand into the rapidly growing Asian markets. With a robust order book already in place, we expect operations to commence later this year."
Shares of Sona BLW Precision Forgings Ltd. ended 1.25% higher on Monday at ₹443. The stock is down 25% so far in 2025.Continue ReadingCheck out our in-depth Market Coverage, Business News & get real-time Stock Market Updates on CNBC-TV18. Also, Watch our channels CNBC-TV18, CNBC Awaaz and CNBC Bajar Live on-the-go!TagsSona BLWSona BLW Precision Forging