SONA BLW Results Analysis-Q4FY26

Operating Revenue for Q4FY26 is Rs. 12,575 Crs. 45.42% growth YoY, Total Income is Rs. 12,908 Crs., 40.22% growth YoY, Gross Profit is Rs. 6,596 Crs., 35.06% growth YoY, EBITDA is Rs. 2,958 Crs., 27.92% growth YoY, But EBITDA Margin is 23.53% declined by 322 Basis points YoY (PLI income fully accrued in Q4 last year and due to product mix + commodity inflation), PBT Rs. 2,474 Crs. 15.25% growth YoY, PAT Rs. 1,869 Crs. 14.16% growth YoY. Q4 as “the best ever quarter across the board” with highest-ever revenue, EBITDA, PAT, BEV revenue and BEV mix. On QoQ basis Op. Revenue is up by 4.81%, Total Income is up by 5.31%, Gross Profit is up by 5.29%, However, EBITDA is flat to negative, PBT is up by 22.84% and PAT is also up by 24.44%. BEV revenue: ₹359 cr (+22%); 39% of automotive revenue (record mix). Railway business: Q4 milestones: approvals to supply two new railway products—electric panels and HVAC systems—expanding beyond “safety critical brake systems and couplers” into passenger comfort. Supplied first batch of electric panels for locomotive applications; HVAC supply starts this quarter.