Sona Comstar’s proposed Joint Venture (JV) with Jinnaite Machinery Co. Ltd. (JNT) in China is on hold. For the half-year ended September 30, 2025, the company reported total income of ₹20,555.57 million and profit after tax of ₹2,921.73 million. The board also approved the appointment of Mr. Pratik Sachan as Head-Strategy & M&A, designated as Senior Management Personnel (SMP). The prior-year comparatives relate to the period ended September 30, 2024.
Jinnaite JV Update
Sona Comstar has announced that its proposed Joint Venture (JV) with Jinnaite Machinery Co. Ltd. (JNT) in China is being put on hold. The decision comes after discussions between the parties and a mutual agreement to keep the proposed JV in abeyance. While the term sheet executed on July 20, 2025, has been rescinded, both parties have expressed a willingness to collaborate on select foundry products in the future.
Financial Results for H1 FY26
For the half-year ended September 30, 2025, Sona Comstar reported the following consolidated financial results:
- Total Income: ₹20,555.57 million
- Profit before tax: ₹3,927.97 million
- Profit after tax: ₹2,921.73 million
The company’s expenses for the period amounted to ₹16,519.18 million. Key expense components include cost of materials consumed (₹9,747.82 million), employee benefits expense (₹1,908.41 million), and depreciation and amortization expense (₹1,386.12 million).
Key Balance Sheet Figures
As of September 30, 2025, Sona Comstar’s consolidated balance sheet highlights include:
- Total Equity: ₹58,652.22 million
- Total Assets: ₹68,730.19 million
Appointment of Senior Management
The Board of Directors, acting on the recommendation of the Nomination and Remuneration Committee (NRC), has approved the appointment of Mr. Pratik Sachan as Head-Strategy & M&A. Mr. Sachan, who reports to the Managing Director and Group CEO, is now designated as Senior Management Personnel (SMP) of the Company. His appointment is effective as of October 27, 2025.
Source: BSE
