Sona Comstar posts record Q2 FY26 earnings, expands order book

Sona Comstar reported record Q2 FY26 financial results, with revenue growing 24% year-on-year to INR 11,435 million, EBITDA increasing 13% to INR 2,891 million, and PAT rising 20% to INR 1,728 million. For H1 FY26, revenue reached INR 19,944 million, with PAT at INR 2,975 million. The company announced the grant of 630,000 employee stock options at an exercise price of INR 478.70 per option, vesting equally over four years from October 27, 2025.

In strategic developments, Sona Comstar and Jinnaite Machinery Co. Ltd. (JNT) mutually agreed to put their proposed joint venture in China in abeyance, rescinding the term sheet executed on July 20, 2025. Additionally, Pratik Sachan was appointed as senior management personnel (SMP), serving as head-strategy & M&A, effective October 27, 2025.

The company successfully developed, tested, and validated rare-earth-free motors for EV applications, reinforcing its position in mobility technology. Sona Comstar has secured new orders, including a first order for its Mexico driveline plant to supply differential assemblies to a North American OEM for recreational off-highway vehicles, with production commencing in Q2 FY28 and an order book addition of INR 2,600 million.