Sona Comstar announced robust Q2 FY26 results, with revenue increasing by 24% YoY to ₹1,144 crores and net profit rising by 20% YoY to ₹173 crores. EBITDA reached ₹289 crores, with a margin of 25.3%. The company also successfully developed rare earth-free motors for EV applications, and 32% of revenue came from Battery Electric Vehicles (BEV).
Record Quarterly Performance
Sona Comstar reported its highest-ever quarterly revenue, EBITDA, and net profit in Q2 FY26. Revenue reached ₹1,144 crores, marking a 24% year-over-year increase. The company’s strong performance was primarily driven by the expansion of its electric vehicle traction motor and railway businesses in India.
Key Financial Highlights for Q2 FY26
- Revenue: ₹1,144 crores, up 24% YoY
- EBITDA: ₹289 crores, with a margin of 25.3% and 13% YoY growth
- Net Profit (PAT): ₹173 crores, with a net profit margin of 14.9% and 20% YoY growth
- Revenue share from Battery Electric Vehicles (BEV): 32%
H1 FY26 Performance Overview
The company also reported strong results for the first half of FY26:
- Revenue: ₹1,994 crores, a 10% YoY increase
- EBITDA: ₹492 crores, with an EBITDA margin of 24.6%
- Net Profit (PAT): ₹297 crores, with a net profit margin of 14.6% and 4% YoY growth
- EV programs contribute 70% to the net order book of ₹23,600 crores as of September 30, 2025
Strategic Developments and Electrification
Sona Comstar has shifted to alternative motor designs due to heavy rare-earth magnet unavailability. They now manufacture light rare-earth magnet motors for electric two-wheelers and have developed a rare-earth-free ferrite-assisted synchronous reluctance motor for three-wheelers and light commercial vehicles.
The revenue share from Battery EV was ₹475 crores in H1 FY26 and contributed 30% of total revenue. Four new EV programs were added in H1 FY26, bringing the total to 62 programs across 32 customers.
New Orders and Partnerships
Sona Comstar received its first order for its driveline plant in Mexico to supply differential assemblies. This program adds ₹2.6 billion to the order book, with production expected to start in Q2 FY28.
The company has also been nominated for two more programs to supply integrated motor controller modules for active suspension systems, valued at ₹8.2 billion, with production expected to start in Q2 FY27.
A strategic MOU has been signed with Neura Robotics to jointly develop advanced technologies for industrializing robots and humanoids.
Source: BSE
