Sona BLW Precision Q2: Company says it logs highest-ever quarterly revenue, EBITDA, and net profit; check other highlights

The company, which had posted a consolidated net profit of ₹143.58 crore in the same quarter last fiscal year, said its proposed joint venture in China with Jinnaite Machinery Co Ltd (JNT), announced in July this year, has been put in abeyance.

Consolidated revenue from operations in the second quarter increased by 23.4% YoY to ₹1,138.29 crore as compared to ₹922.19 crore logged in the year-ago period, Sona BLW Precision Forgings Ltd said in a regulatory filing.

Total expenses in the second quarter were higher at ₹931.24 crore against ₹743.33 crore a year ago, the company said.

Sona BLW Precision Forgings MD & Group CEO Vivek Vikram Singh said, "We achieved our highest-ever quarterly revenue, EBITDA, and net profit in Q2 FY26. Our revenue grew by 24% year-on-year, primarily driven by the expansion of our electric vehicle traction motor and railway business in India."

Due to the unavailability of heavy rare-earth magnets, the CEO said, "We shifted to alternative motor designs and now manufacture light rare-earth magnet motors for electric two-wheelers."

The company has developed a rare-earth-free ferrite-assisted synchronous reluctance motor for three-wheelers and light commercial vehicles, Singh said.

Stating that it was also a successful quarter for business development, as the company won several significant new orders, Singh said, "We have been nominated for two additional programmes – one in Asia and the other in Europe – to supply our motors and motor controllers for predictive active suspension systems."

On its proposed JV with Jinnaite Machinery Co Ltd (JNT) announced in July this year, the company said, "In terms of the binding term sheet, the parties were engaged in discussion for finalisation of the definitive documents. The parties have mutually agreed to put the proposed JV in abeyance."

However, the parties have "expressed their willingness to cooperate with each other on select foundry products and remain open to the collaboration in the future".

The term sheet executed by the parties for the proposed JV on July 20, 2025, stands rescinded, the filing said.