Sona BLW Precision Forgings delivered its highest-ever quarterly performance in Q2 FY27, with revenue climbing 35% to Rs 1,546 crore. Growth was heavily driven by a 129% surge in battery electric vehicle (BEV) revenues, now representing 51% of total automotive sales. Despite strong top-line momentum, management acknowledged a 2.3% contraction in EBITDA margins to 23% due to input price inflation and product mix changes. The company continues to build its future pipeline, securing Rs 36 billion in new orders this quarter, bringing its total net order book to a robust Rs 251 billion.
Sona BLW Precision Forgings Q2 FY27 Results: Revenue Up 35%
Revenue grew 35% YoY to Rs 1,546 crore, while PAT climbed 29% to Rs 223 crore.
Reader Takeaway: Strong EV-led growth drives record revenue, though margin pressure from logistics and material costs persists.
What just happened
Sona BLW Precision Forgings recorded its strongest quarterly financials to date for Q2 FY27. Revenue reached Rs 1,546 crore, supported by an impressive 129% jump in BEV-related sales. Profits (PAT) increased by 29% to Rs 223 crore. The company successfully added Rs 36 billion in new orders, contributing to a total net order book value of Rs 251 billion.
Why this matters
Investors are closely tracking the company's transition toward its 'EPIC' mobility strategy (Electric, Personalised, Intelligent, and Connected). With 51% of automotive revenue now tied to battery electric vehicles, Sona BLW is positioning itself as a core player in the global EV supply chain. The ability to maintain a 23% EBITDA margin despite rising freight and raw material costs highlights operational resilience.
Risks to watch
Management cited input price volatility in steel and copper as a primary headwind. Furthermore, global logistics costs and freight rates have increased, pressuring margins. While the company utilizes pass-through mechanisms, there is a recurring time lag that impacts quarterly margin percentages.
Context metrics
- H1 FY27 Revenue: Rs 2,857 crore (up 43% YoY).
- Free Cash Flow (H1): Rs 446 crore, outperforming the total FCF generated in FY26.
- Gross Cash & Investments: Rs 1,966 crore as of September 2026.
- EBITDA Margin Guidance: Maintained at 23-25%.
What to track next
The market will look for the sustained impact of the 'EPIC' mobility pivot on long-term margins. Investors should also monitor the lead-lag effect of raw material inflation on the bottom line in the upcoming quarters.