Shares of Sona BLW Precision Forgings rose 4.13% to ₹783.90 on the BSE after the company reported Q2 FY27 net profit of ₹223.4 crore, a 29.9% YoY jump.
Revenue from operations hit ₹1,546.4 crore, up 35.2% YoY from ₹1,144 crore in the same quarter last year. EBITDA rose 23.3% to ₹356.2 crore, but the margin slipped to 23% from 25.2% in the corresponding quarter. Analysts had been pricing a 24% margin, so the slide is a mild concern.
The order book closed at ₹25,100 crore, a 5.6× multiple of FY26 revenue. New orders added ₹3,600 crore, while ₹2,500 crore of maturing programmes were consumed. The company secured programmes such as a helical limited‑slip differential for a global EV maker and an integrated motor controller for an Indian OEM.
BEV revenue surged 129% YoY to ₹606.1 crore, 51% of automotive product revenue. Across the first half of FY27, BEV revenue grew 119% to ₹1,041.6 crore, half of total automotive revenue, underscoring the shift toward electric vehicles.
Sona BLW plans to commence production of the new programmes between FY27H2 and FY29H1. The company is targeting a debt‑free balance sheet by June 2027 and will release guidance on the order pipeline on March 15, 2027. Investors should watch for any update on the debt‑free target and full‑year revenue outlook.