Sona BLW Precision Forgings (SONACOMS) Q4 24/25 earnings summary

Executive summary

• FY25 revenue grew 12% year-over-year to ₹35,545 million, with BEV revenue up 38% and now 36% of total revenue; Q4 FY25 revenue declined 2% year-over-year, but BEV revenue rose 8% and now forms 35% of quarterly revenue.

• Net profit attributable to owners for FY25 was ₹6,012.13 million, with a PAT margin of 16.9%.

• Net order book at FY25-end reached ₹242 billion (6.8x FY25 revenue), with 77% from EV programs.

• Strategic focus remains on electrification, diversification, business development, and new product innovation, including expansion into humanoid robotics.

• The Board recommended a final dividend of ₹1.60 per equity share for FY25.

Financial highlights

• FY25 EBITDA grew 8% year-over-year to ₹9,753 million; Q4 FY25 EBITDA was ₹2,350 million, down 5% year-over-year; adjusted EBITDA margin for FY25 at 27.4%.

• Adjusted PAT for FY25 includes ₹144 million in exceptional expenses related to acquisition opportunities.

• Free cash flow from operations in FY25 was ₹3,597 million; net cash from operating activities for FY25 was ₹7,751.91 million.

• Year-end cash and investments at ₹23,695 million.

• Basic and diluted EPS for FY25 stood at ₹9.92.

Outlook and guidance

• Electrification remains a core strategic priority, with BEV revenue share expected to continue rising and new programs ramping up.

• Price parity between EVs and ICE vehicles anticipated by 2030 in all major markets, supporting further BEV growth.

• Management expects medium- to long-term opportunities from global trade disruptions, with short-term demand and supply chain risks.

• Margin guidance remains in the 25%-27% range, but may adjust with product mix and new business additions.