Sona BLW Precision Forgings Limited — Q2FY27 earnings call summary

Filed 31 October 2026 · Official transcript

Free cash flow at ₹446 Cr in H1 FY27, 1.5x FY26; net debt negative; capex ₹148 Cr in H1
Robotics and physical AI orderbook 4% of total; growth expected but timing uncertain
Q2 FY27 revenue grew 35% y-y to ₹1,546 Cr; EBITDA ₹356 Cr (+23%), PAT ₹223 Cr (+29%)
JV with Denso expected to close by Dec 2026/Jan 2027; JV2 targeted H1 CY27
No forward-looking guidance on railways but multiple new products ramping
Inflation pass-through lag and mix effects cause margin % fluctuations
BEV revenue up 129% y-y, now 51% of automotive sales; traction motor demand surged 50% q-q
Order book at ₹251 bn, 3rd highest quarter for order additions; strong wins across product segments