Sona BLW Precision Forgings Reports Q1 Results Amid Strategic Partnership with DENSO for EV Powertrain Systems

Sona BLW Precision Forgings Reports Q1 Results Amid Strategic Partnership with DENSO for EV Powertrain Systems​

Sona BLW Precision Forgings Limited has released its Unaudited Financial Results (Standalone and Consolidated) for the quarter ended June 30, 2026. The results were presented following the approval by the Board of Directors on July 23, 2026.

The company operates within the single reportable business segment: "Mobility components, systems and sub-systems." Key strategic activities include the signing of definitive agreements with DENSO Corporation Japan to establish two joint ventures focused on developing Electric and Hybrid powertrain systems.

Strategic Business Developments​

On July 22, 2026, Sona BLW Precision signed definitive agreements with DENSO Corporation Japan (DENSO) to form two Joint Ventures aimed at the development, manufacturing, and sale of Electric and Hybrid powertrain systems.

One joint venture (JV), which will operate with a 51:49 equity ownership split between DENSO and SONA, is dedicated to developing high voltage liquid cooled EV traction motors and controllers for 4 wheelers and larger vehicles. The second JV, also structured as a 51:49 partnership between SONA and DENSO, will focus on manufacturing and selling air cooled EV traction motors and controllers suitable for 2 wheelers and 3 wheelers.

The agreements stipulated that, subject to fulfilling customary conditions, the company would slump sell its existing EV Motors and controllers business in a wholly owned subsidiary at fair market value, determined by an independent valuer's report. DENSO will acquire a 49% equity stake in this subsidiary for an enterprise value of Rs. 17,500 million. Both JV partners are also set to be paid royalty as agreed upon in the definitive agreements from their majority owned joint ventures.

Prior corporate activities noted during the period include:

• The completion of the acquisition of the Railway Business of Escorts Kubota Limited on June 01, 2025, through a slump sale for Rs. 16,426.32 million.
• The granting of 1,00,000 Employee Stock Options to eligible employees under the Sona Employee Stock Option Plan 2023 (ESOP Plan) on June 16, 2026.
• The approval by the Nomination and Remuneration Committee for an allotment of 1,70,747 equity shares to the Managing Director and Group CEO based on the Sona Performance Share Plan 2025 (Scheme).

Financial Performance Highlights​

Sona BLW Precision Forgings showed revenue trends across various periods. The figures below are presented in Million Rupees.

Standalone Financial Results: Profit & Loss Statement

Consolidated Financial Results: Profit & Loss Statement

Key Notes on Financial Results​

The company noted that shareholders had previously approved a final dividend of Rs. 1.80 per equity share, having a face value of Rs. 10 each, for the Financial Year ended March 31, 2026. Furthermore, the company received a dividend of Rs. 594.63 million from one of its wholly owned subsidiaries on June 19, 2026.

The consolidated results include fifteen subsidiaries across various jurisdictions globally, including Comstar Automotive Technologies Services Private Limited and Sona BLW eDrive Mexicana, S.A.P.I. DE C.V., among others.

SONACOMS Stock Price Movement​

Shares of Sona BLW Precision Forgings Limited slipped today, settling at ₹719.75 after shedding 1.45% from the previous market close. The equity saw a total traded volume of 4.58 million shares during the session.