Sona BLW Precis. (543300) Mar 2026 Filing Analysis

Automotive products remained the company's core business, but the business model broadened during the period through the acquisition of the Railway business and the addition of Sensors & Software capabilities. The presentation does not disclose quarterly automotive revenue or a separate automotive revenue share, so the change in automotive revenue cannot be quantified. The latest disclosed state in this document is 9M FY26 annualized revenue of ₹42,700 million, with 33% of auto-product revenue coming from battery-electric-vehicle products. The Railway business was acquired on 1 June 2025 and is therefore a new adjacent revenue stream rather than a discontinued automotive activity. (1 shifted, 1 new)

Profitability remained strong and improved versus the earlier historical phases. Average EBITDA margin increased from 25.0% during FY12–FY16 to 26.7% during FY17–9M FY26 annualized, a 1.7 percentage-point improvement, or approximately 6.8% relative growth. The latest presentation does not provide a standalone quarterly EBITDA margin, so the comparison is based on the disclosed period averages. (1 expanding, 4 contracting)