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EV Surge Powers Sona BLW's Profit Leap
26 Oct
Summary
- Net profit surged 29.9% year-on-year to ₹223.4 crore in Q2 FY27.
- Revenue from operations rose 35.2% year-on-year to ₹1,546.4 crore.
- Battery electric vehicle revenue increased 129% year-on-year.
Sona BLW Precision Forgings Ltd announced significant financial gains for the second quarter of FY27, with net profit climbing 29.9% year-on-year to ₹223.4 crore. Revenue from operations saw a substantial 35.2% increase, reaching ₹1,546.4 crore compared to the prior year.
Driving this performance was a remarkable 129% year-on-year growth in battery electric vehicle (BEV) revenue, which now constitutes 51% of the company's automotive product revenue for the quarter. The total order book stands strong at ₹25,100 crore, indicating sustained demand across various sectors.
During the quarter, Sona BLW secured new orders worth ₹3,600 crore across both electric and non-electric vehicle programs. These new contracts, which include components for global EV manufacturers and integrated motor controllers for Indian OEMs, are slated for production commencement between the second half of FY27 and the first half of FY29.
The company's financial health is further bolstered by a free cash flow from operations of ₹445.6 crore for the first half of FY27, and substantial cash reserves totaling ₹1,965.5 crore. Sona BLW operates 12 manufacturing plants and has a global presence spanning India, China, the United States, Mexico, Germany, Belgium, and Serbia.
