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Sona Comstar Projects ₹42,705 Mn Annualized Revenue; Expands into Robotics and Humanoids
Sona BLW (Sona Comstar) has outlined a strategic roadmap transitioning from automotive components to advanced robotics and humanoid actuators. The company reported an annualized 9MFY26 revenue of ₹42,705 million with a robust 27.9% CAGR since FY17. Key growth drivers include a 33% revenue share from Battery Electric Vehicles (BEVs) and significant international exposure, with 51% of revenue coming from outside India. Strategic MoUs with Neura Robotics and The ePlane Company signal a pivot toward high-growth Physical AI and eVTOL sectors.
Key Highlights
Annualized 9MFY26 revenue reached ₹42,705 million with a long-term average EBITDA margin of 26.3%
BEV revenue share stands at 33% of auto products, with 51% of total revenue derived from international markets
R&D investment remains at 3% of revenue, supporting 133 patents and a team of 500 R&D employees
Diversification into robotics via MoUs with Neura Robotics for humanoid actuators and industrial robots
Expansion into the eVTOL space through a product development partnership with The ePlane Company
💼 Action for Investors
Investors should monitor the execution of the robotics and eVTOL partnerships as they represent significant long-term value drivers beyond traditional auto-components. The stock remains a strong play on the global EV transition given its high BEV revenue share and consistent margins.
Sona Comstar Q3 FY26: Record Revenue of ₹1,200 Cr and EBITDA of ₹300 Cr; BEV Mix Hits 38%
Sona Comstar reported its best-ever quarterly performance in Q3 FY26, with revenue crossing ₹1,200 crore (up 39% YoY) and EBITDA exceeding ₹300 crore (up 30% YoY). Despite a sharp 45% QoQ decline in the North American EV market, the company's BEV revenue share rose to 38%, driven by strong execution in India and Europe. The net order book remains robust at ₹235 billion, with 71% attributed to electric vehicles. Management successfully pivoted the geographic mix, with India now accounting for 55% of revenue while maintaining healthy 25% EBITDA margins.
Key Highlights
Achieved record quarterly revenue of ₹1,200 crore (+39% YoY) and EBITDA of ₹300 crore (+30% YoY)
BEV revenue share increased to 38% in Q3 FY26, despite global volatility in the EV sector
Net order book stands at ₹235 billion, with a strong RFQ pipeline nearly 3x higher than last year
Successfully diversified revenue mix with India share rising to 55% and non-automotive revenue reaching 31%
Maintained robust EBITDA margins of 25% despite shifting geographic and product mixes
💼 Action for Investors
Investors should note the company's successful pivot toward the Indian market and non-auto segments while maintaining high margins. The strong RFQ pipeline suggests continued growth momentum despite global EV headwinds.
Sona BLW Q3 Standalone Revenue Jumps 43% YoY to ₹11,278 Mn; Declares ₹1.60 Dividend
Sona BLW reported a robust 43.4% YoY growth in standalone revenue for Q3 FY26, reaching ₹11,278 million, significantly boosted by the integration of the Escorts Kubota railway business acquired in June 2025. Standalone Profit After Tax (PAT) grew by 8.6% YoY to ₹1,527 million, while the company maintained a healthy dividend payout with an interim declaration of ₹1.60 per share. The board also approved a USD 10.9 million corporate guarantee for its Chinese subsidiary to support working capital needs. Overall, the results reflect strong top-line momentum despite a more moderate growth in the bottom line.
Key Highlights
Standalone Revenue for Q3 FY26 rose 43.4% YoY to ₹11,277.98 million from ₹7,863.59 million.
Standalone Profit After Tax (PAT) increased 8.6% YoY to ₹1,526.98 million compared to ₹1,405.87 million.
Declared an interim dividend of ₹1.60 per equity share with a record date of January 30, 2026.
Approved a corporate guarantee of up to USD 10.9 million for the China-based subsidiary Comstar Automotive.
Results include the impact of the ₹16,426.32 million acquisition of Escorts Kubota's Railway Business completed in June 2025.
💼 Action for Investors
Investors should focus on the successful integration of the railway business which is driving top-line growth. While PAT growth is slower than revenue, the dividend declaration and expansion support for the China entity indicate management's confidence in long-term cash flows.
Sona BLW Q3 FY26 Revenue Jumps 39% to ₹12,085 Mn; Order Book Hits ₹235 Billion
Sona BLW reported a strong 39% YoY revenue growth in Q3 FY26, reaching ₹12,085 million, supported by a robust net order book of ₹235 billion. While EBITDA grew 30% YoY, margins contracted to 25.2% from 27.0% due to an adverse product mix. The company faced a one-time ₹301 million impact from the new labor code, but adjusted PAT still grew 20% to ₹1,809 million. Despite a 3% dip in BEV revenue this quarter, the EV segment still accounts for 71% of the total order book.
Key Highlights
Quarterly revenue increased 39% YoY to ₹12,085 million, with 9M FY26 revenue up 19%
Net order book stands at ₹235 billion (6.8x FY25 revenue), with 71% from EV programs
Adjusted PAT grew 20% YoY to ₹1,809 million, excluding a ₹301 million labor code charge
Global market share in Differential Gears rose to 8.7% and Starter Motors to 4.2% in CY25
EBITDA margins saw a contraction of 180 bps YoY to 25.2% primarily due to product mix
💼 Action for Investors
The stock remains a strong play on global electrification with a massive order backlog, though short-term margin volatility should be noted. Investors should monitor the ramp-up of new sensor and radar production in H2 CY26 as a key growth catalyst.
Sona Comstar Q3 FY26: Revenue up 39% YoY to ₹1,209 Cr; BEV Share Rises to 38%
Sona Comstar reported its highest-ever quarterly revenue of ₹1,209 crores, marking a robust 39% YoY growth. The company's EBITDA grew 30% to ₹305 crores with a healthy margin of 25.2%, while adjusted PAT rose 20% to ₹181 crores. A significant highlight is the increase in Battery Electric Vehicle (BEV) revenue share to 38%, driven by traction motor and railway business expansion. The net order book remains strong at ₹23,500 crores, with 71% attributed to EV programs, providing high revenue visibility.
Key Highlights
Highest-ever quarterly revenue of ₹1,209 crores, representing 39% YoY growth
BEV revenue share improved significantly to 38% in Q3 FY26 from 32% in Q2 FY26
Robust net order book of ₹23,500 crores as of December 31, 2025, with 71% from EV programs
EBITDA grew 30% YoY to ₹305 crores with a strong margin of 25.2%
Commenced sample production of in-cabin radar sensors and commercialized hydraulic motor controllers
💼 Action for Investors
Investors should maintain a positive outlook given the company's record-high financials and increasing dominance in the EV segment. The massive ₹23,500 crore order book and entry into high-tech radar sensors provide strong long-term growth visibility.
Sona BLW Q3 Standalone Revenue Jumps 43% to ₹1,128 Cr; Declares ₹1.60 Interim Dividend
Sona BLW Precision Forgings (Sona Comstar) reported a strong Q3 FY26 with standalone revenue reaching ₹11,277.98 million, up from ₹7,863.59 million in the same quarter last year. Standalone net profit for the quarter rose to ₹1,526.98 million, supported by the integration of the recently acquired Railway Business from Escorts Kubota. The company declared an interim dividend of ₹1.60 per share and approved a $10.9 million corporate guarantee for its Chinese subsidiary to facilitate working capital.
Key Highlights
Standalone Revenue for Q3 FY26 grew 43.4% year-on-year to ₹11,277.98 million.
Standalone Net Profit increased to ₹1,526.98 million from ₹1,405.87 million in Q3 FY25.
Interim dividend of ₹1.60 per equity share (16% of face value) declared with a record date of Jan 30, 2026.
Approved a corporate guarantee of up to USD 10.9 million for Comstar Automotive (Hangzhou) Co. Ltd. for a 5-year period.
Financial results reflect the impact of the ₹16,426.32 million Railway Business acquisition completed in June 2025.
💼 Action for Investors
Investors should track the integration progress of the railway business which is significantly boosting top-line growth. Shareholders must hold the stock by the January 30 record date to be eligible for the ₹1.60 dividend.
Sona BLW Q3 Revenue Jumps to ₹11.28B; Declares ₹1.60 Interim Dividend
Sona BLW reported a strong Q3 FY26 with standalone revenue reaching ₹11,277.98 million, a significant increase from ₹7,863.59 million in the previous year, largely driven by the integration of the Escorts Kubota railway business. The company declared an interim dividend of ₹1.60 per share with a record date of January 30, 2026. Additionally, the board approved a corporate guarantee of $10.9 million for its Chinese subsidiary to support working capital needs. Net profit for the quarter stood at ₹1,526.98 million, showing steady growth despite higher operational costs.
Key Highlights
Standalone Revenue for Q3 FY26 grew 43% YoY to ₹11,277.98 million from ₹7,863.59 million
Declared an interim dividend of ₹1.60 per equity share with a record date of January 30, 2026
Approved a corporate guarantee of up to USD 10.9 million for China-based subsidiary Comstar Automotive
9M FY26 standalone profit reached ₹4,390.74 million compared to ₹4,278.43 million in the previous year
Financials now include the impact of the ₹16,426.32 million acquisition of Escorts Kubota's Railway Business
💼 Action for Investors
Investors should note the significant revenue scale-up following the railway business integration and the steady dividend payout. Monitor the margins in upcoming quarters to see how the higher cost base from the acquisition settles against revenue growth.
Sona BLW Declares ₹1.60 Interim Dividend; Q3 Revenue Surges 43% YoY to ₹11,278 Million
Sona BLW Precision Forgings has declared an interim dividend of ₹1.60 per equity share for FY 2025-26, with the record date fixed for January 30, 2026. The company reported a robust standalone revenue growth of 43.4% YoY, reaching ₹11,277.98 million for the quarter ended December 31, 2025. Standalone net profit for the quarter rose to ₹1,526.98 million, up from ₹1,405.87 million in the previous year. Additionally, the board approved a corporate guarantee of up to $10.9 million for its Chinese subsidiary to secure working capital facilities.
Key Highlights
Interim dividend of ₹1.60 per equity share (16% of face value) declared for FY 2025-26.
Standalone revenue from operations increased to ₹11,277.98 million in Q3 FY26 from ₹7,863.59 million YoY.
Standalone net profit grew to ₹1,526.98 million compared to ₹1,405.87 million in the same quarter last year.
Record date for dividend entitlement is set for January 30, 2026, with payment within 30 days.
Approved a $10.9 million (approx. ₹910 million) corporate guarantee for its Chinese subsidiary, Comstar Automotive.
💼 Action for Investors
Investors should ensure they hold shares by the January 30 record date to qualify for the dividend. The strong revenue growth following the Escorts Kubota railway business acquisition indicates successful integration and scaling.