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Sona BLW Precision Forgings Limited (SONACOMS) has submitted the Monitoring Agency Report from CRISIL Ratings Limited for the quarter ended 31st March, 2025, detailing the utilisation of net proceeds from its Qualified Institutional Placement (QIP). The QIP, conducted from 4th September, 2024 to 9th September, 2024, raised net proceeds of ₹23,695.00 million.

Key highlights of the utilisation as at 31st March, 2025:

• Total utilised amount stands at ₹14,502.94 million.
• During the quarter ended 31st March, 2025, ₹145.50 million was utilised towards 'Purchase of fixed assets, including, equipment and machinery'. The total utilised for this object is ₹596.50 million (out of ₹673.00 million proposed), leaving ₹76.50 million unutilised.
• 'Repayment / pre-payment of certain outstanding borrowings' (₹8,250.00 million) and 'General corporate purposes' (₹5,656.44 million) were fully utilised in the quarter ended September 2024.
• 'Payment of balance consideration in relation to the acquisition of Novelic' (₹715.56 million proposed) and 'Pursue strategic investments and organic and inorganic growth opportunities' (₹8,400.00 million proposed) saw no utilisation during the reported quarter. The full proposed amounts for these objects remain unutilised.
• The total unutilised amount from the QIP proceeds as at 31st March, 2025, is ₹9,192.06 million.
• The unutilised funds of ₹9,192.06 million are deployed in Fixed Deposits with YES Bank (₹2,900.00 million) and SBI Bank (₹715.56 million and ₹5,500.00 million), and Mutual Fund SBI Overnight (₹76.50 million). The market value of these investments as at the quarter end was ₹9,238.60 million.
• The report states there were no deviations from the objects disclosed in the Offer Document.

The report is based on information provided by the company and certified by their Statutory Auditors, Walker Chandiok & Co LLP.

Sona BLW Precision Forgings Limited (SONACOMS) announced its financial results for the quarter and financial year ended 31st March, 2025, along with an Investor Presentation.

Key Financial Highlights (Standalone and Consolidated):

• Q4 FY25:

  • Revenue: ₹8,684 million (down 2% YoY)
  • BEV Revenue: ₹2,944 million (up 8% YoY), constituting 35% of total revenue.
  • EBITDA: ₹2,350 million (down 5% YoY)
  • EBITDA Margin: 27.1%
  • PAT: ₹1,641 million (up 10% YoY)
  • PAT Margin: 18.8%

• FY25:

  • Revenue: ₹35,545 million (up 12% YoY)
  • BEV Revenue: ₹12,235 million (up 38% YoY), constituting 36% of total revenue.
  • EBITDA: ₹9,753 million (up 8% YoY)
  • EBITDA Margin: 27.4%
  • PAT: ₹6,012 million (up 16% YoY)
  • PAT Margin: 16.9%
  • RoCE: 18.4%
  • RoE: 17.7%
  • FCFO: ₹3,597 million

Strategic Highlights:

• Secured a new program from a high-end new age EV OEM for Rotor Embedded Differential Sub-Assembly and Epicyclic Geartrain (Electric Passenger Vehicles) worth ₹15,200 million, starting production in Q4 FY26.
• Commercialized a new product, Steering Bevel Box (Commercial Vehicles), for a Global OEM, adding ₹1,100 million to the orderbook, starting production in Q3 FY26.
• Added orders worth ₹47 billion to the orderbook during FY25.
• Net order book stands at ₹242 billion as of 31st March, 2025 (6.8x FY25 revenue), with EV contributing ₹187 billion (77%).
• Revenue share from BEV increased to 36% in FY25 from 2% in FY20.
• Has 58 EV programs across 32 customers.
• Preparing to enter the Humanoid Robot market with Driveline and Motor capabilities, targeting 53-60% of BOM cost.