Sona BLW Precision Forgings Ltd.Record Q1 Growth Amid Margin Pressure

Sona BLW delivered its best-ever Q1 performance with revenue surging 54% year-on-year to ₹1,231 crores, driven by exceptional BEV revenue growth of 107% to ₹436 crores.

BEV revenue reached a record 44% share of automotive product sales, reflecting successful diversification across India and Europe markets. EBITDA grew 49% to ₹303 crores and PAT increased 45% to ₹181 crores, though margins contracted 70 basis points to 23.1% due to product mix shifts toward lower-margin traction motors and input cost inflation. Management indicated margin recovery will become progressively visible from Q2 onwards as cost pass-throughs materialize and mitigation measures take effect.

The company announced a strategic Denso JV to complete its electrification portfolio with high-voltage systems, targeting a ₹24,000 crore India market by 2030. Additionally, Sona's new Robotics and Physical AI vertical is already operational with ₹8 billion in orders across three customers, with revenue ramp beginning this quarter. The net order book stands strong at ₹240 billion with 64% EV share.