Sona BLW Precision Forgings

“We have the capability and the capacity available to do that with agility.”

“We secured our 3rd highest order wins by value and ended Q2 with the 2nd highest order book in our history.”

“We also secured 4 new EPIC programs during the quarter, 3 in BEVs and 1 in intelligent and connected solutions.”

“So at the end of H1 FY27, we have 75 EPIC programs across 37 customers. Of these, 44 are in production and 31 are yet to start production.”

“First, we won an order for our new helical limited slip differential. It's quite a mouthful, but it's a far more improved product. It is for an existing EV customer”

“Second, we won an order for a rear radar sensor, this is for a two-wheeler customer in India, and for us, this is a new customer.”

“The business has grown almost 50% quarter on quarter. That has obviously pulled down the overall margin percentage a little bit.”

“And suspension motor, which is our fastest growing product driven by its success in China, is also in an EV customer.”

“The higher revenue was led by 129% growth in our BEV revenue year on year, which now constitutes 51% of our automotive product sales.”

“For the first time, BEVs contribute more than 50% of our automotive revenue. Even if you look at it sequentially, BEV revenue has grown 40%.”

“It's 4%, we are hoping in the decade to come, this becomes what EV has been for the last decade for us.”

“Our EV business grew by almost unbelievable 129% year on year. In India, strong demand for electric 2 and 3 wheelers was the biggest reason.”

“in Europe we are gaining more business and we’re seeing a lot more traction as a lot of European OEMs want to have an alternative supply chain to China”

“On differential assemblies, all three of our large customers in that space in EV, all three of them have picked up this quarter.”

“Even as US EV market, the deliveries have broadly remained unchanged. This demonstrates that our EV business is becoming more diversified and less dependent on any single customer or single geography.”

“This is just reversion to mean, to be honest. Otherwise a lot of this should have been there always.”

“However, this quarter, the continued margin pressure has been there, but it's mainly driven by change in product mix. Traction motor demand has significantly exceeded even our own internal expectations.”

“The margin was lower primarily on account of change in the product mix and higher input prices.”

“In case of VA to employee cost, the ratio, there is a decline compared to previous period, mainly due to change in the product mix in favor of assembly products.”

“We are spending on R&D during this time, actually considerable sums for our standards.”

“there is a pass through mechanism with the customers but there will be a lead lag effect essentially.”

“In just 6 months of this year, we have generated more than 1.5 times the FCFO we generated in the entire FY26.”

“We generated 594 crores of cash from operations, which was 90% of our EBITDA for this period.”

“This was supported mainly by release of 44 crores from working capital, despite a very high revenue growth in this period.”

“We generated 446 crores of free cash flows, which was more than 50% higher than what we generated in the last full financial year.”

“There were cash inflows on account of additional borrowings of 224 crores”

“there was an inflow on account of ESOPs exercised by employees, about 108 crores”

“Third, we commercialized 3 new products, our highest ever number in a single quarter.”

“So we're targeting to close this JV 1 part of it which is carving out of the business by end of December because of the year-end holidays there is a possibility it may spill over to January”

“JV2 has not yet formed up but we are targeting to close and have it sometime in the 1st half of calendar year 2027.”

“we have got good traction on the 3 wheeler business in addition to the 2-wheeler business and ya, going forward it’s looking pretty good because we will be launching few more products in this quarter”

“We will have a substantial cash balance at the end of the year and M&A is the right way to look at it.”

“Other key movements in the cash flows included dividend payment of 112 crores.”

“you're forgetting that what we get from Denso we'll pay tax on.”

“The war in West Asia continues to cause pressures with further increases in steel, copper, and oil derivatives. Freight rates have also risen sharply, they've nearly doubled from the previous quarter's level.”

“Looking ahead, stronger traction motor demand is changing our mix and broader inflation linked to West Asia remains uncertain. Both these factors are largely beyond our control, which makes near-term predictability a little difficult.”

“We are genuinely in exceptional inflation at this point.”

“the only scenario where it deteriorates is if the material prices continue to inch higher.”

“Basu, in short, unless oil goes to 150 when all bets are off, we think we will hold.”

“our revenue for the quarter grew by 35% year on year to ₹1,546 crore.”

“We delivered our highest ever revenue, EBITDA and PAT.”

“I'm particularly proud that our driveline division has won the 2026 Deming Prize for Total Quality Management.”

“We are broadening our first priority from electrification to EPIC mobility.”

“Our EBITDA for the quarter grew by 23% to 356 crores. EBITDA margin was 23%, which was lower by 2.3% compared to the same quarter last year.”