Sona Comstar revenue falls 5% despite record order book

Sona Comstar reported Q1 revenue of INR 8.5bn, down 5% year-over-year, with profit falling 12% to INR 1.2bn.

However, the company secured its largest order in 2.5 years worth INR 15.5bn from a North American manufacturer for differential assemblies, plus an additional INR 2.6bn Indian order, pushing its net order book to a record INR 262bn.

The company also established a joint venture in China with Jinnaite Machinery.