Sona Comstar Q3 Revenue Jumps 38%, Profit Flat Amid Labor Code Impact
Earnings
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CNBC TV18•23-01-2026, 17:19
Sona Comstar Q3 Revenue Jumps 38%, Profit Flat Amid Labor Code Impact
- •Sona Comstar reported a 38.2% YoY revenue increase to ₹1,199 crore in Q3FY26, driven by higher volumes in EV and conventional mobility segments.
- •Consolidated net profit remained flat, declining marginally by 0.3% YoY to ₹150.7 crore, primarily due to a sharp fall in other income and a one-time labor code adjustment.
- •EBITDA grew 26% YoY to ₹295.4 crore, but the EBITDA margin narrowed to 24.6% from 27% due to cost pressures and a ₹40 crore labor code impact.
- •The EV business was a key growth driver, recording 38% YoY revenue growth, with strong traction in traction motors, driveline, and differential assemblies.
- •Shares of Sona BLW Precision Forgings Ltd fell 2.60% to ₹456.90 after the Q3 results, reflecting investor concerns over profitability.
Why It Matters: Sona Comstar saw strong revenue growth in Q3 but flat profit due to labor code costs and margin compression.
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