Sona BLW Precision Forgings Ltd (Sona Comstar) has reported its highest-ever quarterly net profit and Battery Electric Vehicle (BEV) revenue for the third quarter of FY25, showcasing its strategic focus on electrification and technological innovation. The company’s consolidated revenue rose by 12% year-on-year to INR 868 crore, with BEV revenue increasing by a remarkable 48% to INR 329 crore.
The company’s EBITDA margin for Q3 FY25 stood at 27%, with EBITDA growing by 3% year-on-year to INR 234 crore. Net profit after tax reached INR 151 crore, registering a 14% increase and a margin of 17.4%. The company’s EV programme portfolio expanded with the addition of a new order for differential assemblies for electric passenger vehicles, valued at INR 300 crore. Sona Comstar now has 57 active EV programmes across 32 global customers, with EV programmes constituting 76% of its INR 23,200 crore order book.
Vivek Vikram Singh, Managing Director and Group CEO, mentioned that the growth in BEV revenue and market share reflects Sona Comstar’s role as a leading innovator in mobility technology. The company has also achieved breakthroughs in short-range radar technology with a 180-degree field of view, designed to enhance safety and reduce costs in vehicle applications.
Sona Comstar’s global market share in differential gears rose from 8.1% to 8.8% in 2024, while its share in starter motors increased from 4.2% to 4.4%. Additionally, the company has expanded its technological capabilities with the commercialisation of zone monitoring sensors and advanced radar modules, further strengthening its position in the global mobility ecosystem.
The board has also approved a $4 million investment in ClearMotion Inc, a company specialising in active suspension technology. This move aligns with Sona Comstar’s strategy to diversify its portfolio and reinforce its presence in the high-growth EV and mobility technology market.
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