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

Executive summary

• Achieved record net profit and EV revenue in Q3 FY25, with BEV revenue up 48% year-over-year and BEV share rising to 39% of Q3 sales.

• Q3 FY25 revenue grew 12% year-over-year to ₹8,680 million, with 9M FY25 revenue up 17% to ₹26,861 million.

• PAT for Q3 FY25 increased 14% year-over-year to ₹1,512 million, with a PAT margin of 17.4%; 9M FY25 PAT rose 19% to ₹4,371 million.

• Net order book reached ₹232 billion at Q3 end, with 76% from EV programs.

• 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.

Financial highlights

• Q3 FY25 EBITDA was ₹2,342 million (3% YoY growth), margin at 27.0%; 9M FY25 EBITDA was ₹7,403 million (13% YoY growth), margin at 27.6%.

• Standalone revenue for the quarter was ₹7,863.59 million, consolidated revenue was ₹8,679.07 million.

• Standalone net profit for the quarter was ₹1,405.87 million; consolidated net profit was ₹1,507.13 million.

• BEV revenue for 9M FY25 was ₹9,291 million, up 52% YoY.

• Adjusted PAT and EBITDA reflect exceptional expenses related to acquisition opportunities and ESOP costs.

Outlook and guidance

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

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

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

• Interim dividend of ₹1.60 per equity share declared for FY25.

• Strategic focus on electrification, global market expansion, diversification, and technology innovation.