Sona Comstar’s operating revenue and profit increased in the September quarter, but its presentation EBITDA margin fell. The financial statement also explains why presentation revenue and profit differ from total group figures.
Primary documents checked: . Amounts are in Indian rupees; crore and million conversions are identified where used.
| Measure | Q2 FY27 and comparison | Primary source |
|---|---|---|
| Consolidated revenue from operations | ₹1,535.84 crore versus ₹1,138.293 crore; +34.9% calculated | Consolidated statement, PDF p12 |
| Total consolidated profit | ₹222.99 crore, rounded from ₹2,229.87 million | Consolidated statement, PDF p12 |
| Profit attributable to owners of the parent | ₹223.40 crore, rounded from ₹2,234.04 million | Consolidated statement, PDF p12 |
| Presentation revenue | ₹1,546.4 crore; includes net foreign-exchange gains | Quarterly chart and footnote, PDF p20 |
| Presentation EBITDA / margin | ₹356.2 crore; margin 23.0%, versus 25.3% a year earlier | Quarterly chart, PDF p20 |
| BEV revenue / share | ₹606.1 crore, +129%; 51% of automotive product revenue | Highlights and chart, PDF p6, p20 |
| Net order book | ₹25,100 crore; issuer-defined future programme revenue, not current sales | Order-book slide and footnotes, PDF p14 |
Growth alongside a lower margin
Sona BLW Precision Forgings, known as Sona Comstar, reported consolidated revenue from operations of ₹1,535.84 crore for the quarter ended 30 September 2026. Against ₹1,138.293 crore a year earlier, the increase is about 34.9%. The results were approved on 26 October.
The issuer’s presentation reports EBITDA of ₹356.2 crore, up 23%, while its margin declined from 25.3% to 23.0%. The company attributes the lower margin to product mix and higher input prices, partly offset by operating leverage. EBITDA is earnings before interest, tax, depreciation and amortisation, not net profit or cash flow.
Why the presentation has different numbers
The statutory statement is in rupees million. Dividing its ₹15,358.40 million operating revenue by ten gives ₹1,535.84 crore. Its separate ₹105.79 million net foreign-exchange gain adds about ₹10.58 crore. The presentation includes that gain in its rounded ₹1,546.4 crore revenue figure; it should not be relabelled revenue from operations. Its 23.0% EBITDA margin also belongs to this presentation basis, not a ratio calculated from statutory operating revenue.
Total consolidated profit was ₹222.99 crore. The separate profit attributable to the parent’s owners was ₹223.40 crore, the amount highlighted in the presentation. A loss attributable to non-controlling interests explains the difference. Neither figure is standalone profit.
Electric vehicles and future orders
Battery-electric-vehicle, or BEV, revenue reached ₹606.1 crore, up 129% on the issuer’s comparison. Its 51% share refers to automotive product revenue, not all consolidated revenue.
The ₹25,100 crore net order book estimates revenue from awarded programmes not yet producing or fully ramped up over the next ten years, with adjustments and discounts for programme risks. Railway orders are largely for execution within twelve months. It is not current sales or a guarantee of receipts.
The useful follow-up is whether programme launches convert into sales while margins stabilise. No stock-price reaction, customer identity beyond the disclosures or investment-return forecast is established here.
More company earnings: Supreme Industries Q2 FY27.
AI-assisted reporting checked against the linked primary documents. This is not independent human editorial approval or investment advice.
Primary sources: NSE-hosted consolidated results – 2026-10-27T05:58:44Z; Sona earnings presentation – 2026-10-27T05:58:44Z.
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