Sona BLW Precision Forgings (SONACOMS) Q3 24/25 earnings summary

Executive summary

• Achieved record net profit and EV revenue in Q3 FY25, with BEV segment driving growth and strategic diversification across global markets.

• Board approved a $4 million investment in ClearMotion, enhancing technology collaboration and product portfolio.

• Standalone and consolidated unaudited financial results for the quarter and nine months ended 31 December 2024 were reviewed and approved, with auditors issuing unmodified reports.

• The group operates in a single segment: Automotive Components.

Financial highlights

• Q3 FY25 consolidated revenue reached ₹8,680 million, up 12% year-over-year; EBITDA at ₹2,342 million, up 3% YoY; PAT at ₹1,512 million, up 14% YoY.

• BEV revenue grew 48% YoY in Q3 and 52% YoY in 9M, now constituting 39% and 36% of total revenue, respectively.

• For the nine-month period, consolidated revenue was ₹26,861 million, up 17% YoY; EBITDA at ₹7,403 million, up 13% YoY; PAT at ₹4,371 million, up 19% YoY.

• Basic and diluted EPS (consolidated) for the quarter were ₹2.43, up from ₹2.26 year-over-year.

• Adjusted PAT margins improved due to net finance income from QIP proceeds and lower input costs.

Outlook and guidance

• Net order book stands at ₹232 billion, with 76% from EV programs.

• Q4 expected to be weak due to customer model transition, but lost revenues anticipated to be recovered within the next two quarters.

• Fiscal 2026 revenue outlook is positive, with some revenue shifting from Q4 FY25 to FY26 due to timing of customer restocking.

• An interim dividend of ₹1.60 per equity share was declared for the financial year ending 31 March 2025.

• Management remains confident in doubling revenues over three years, including inorganic growth.