Sona Comstar reported a 24% increase in revenue to ₹11,435 million in Q2 FY26, alongside a 13% rise in EBITDA to ₹2,891 million. The company’s PAT grew by 20% to ₹1,728 million. However, BEV revenue saw a 17% decrease, now representing 32% of automotive product revenue. The company secured new Driveline Mexico Plant program and new vehicle Suspension Motor orders.
Financial Performance Highlights
Sona Comstar announced its financial results for Q2 FY26, showcasing significant growth in key areas:
- Revenue: Increased by 24% year-over-year to ₹11,435 million.
- EBITDA: Rose by 13% year-over-year to ₹2,891 million, with an EBITDA margin of 25.3%.
- PAT: Grew by 20% year-over-year to ₹1,728 million, resulting in a PAT margin of 14.9%.
However, the company experienced a 17% decline in BEV revenue, which now constitutes 32% of the total automotive product revenue.
H1 FY26 Performance Overview
The company’s performance for the first half of FY26 includes:
- Revenue: Increased by 10% year-over-year to ₹19,944 million.
- EBITDA: ₹4,916 million, with a margin of 24.6%.
- PAT: ₹2,975 million, reflecting a margin of 14.6%.
Strategic Wins and Developments
Sona Comstar has expanded its order book and secured key projects:
- Won first program for Driveline Mexico Plant worth ₹2,600 million. The plant will supply differential assemblies for a North American recreational vehicle OEM, with production expected to commence in Q2 FY28.
- Secured new Suspension Motor orders worth ₹6,400mn and ₹1,800mn with New Age Asian OEM and European OEM respectively with start of production in Q2 FY27.
Business Updates
Sona Comstar’s net order book stands at ₹236 billion, representing 6.8x FY25 revenue. The company’s EV programs now total 62, awarded across 32 customers.
Source: BSE
