Date: - 23rd January, 2024

BSE Ltd. National Stock Exchange of India Ltd.

Regd. Office: Floor - 25, Listing Dept., Exchange Plaza,
Phiroze Jeejeebhoy Towers, Bandra Kurla Complex, Bandra (East),
Dalal Street, Mumbai-400 001. Mumbai - 400 051
BSE Scrip Code: 543300 NSE Scrip: SONACOMS

Sub: Press Release - Regulation 30 of the Securities and Exchange Board of India
(Listing Obligations and Disclosure Requirements) Regulations, 2015 (“SEBI Listing
Regulations”)

Pursuant to Regulation 30 and other applicable provisions of the SEBI Listing

Regulations, please find enclosed press release on the Unaudited Standalone and
Consolidated Financial Results of the Company for the quarter and nine months
ended on 31st December, 2023.

Kindly take the same on record.

Thanking you,
For SONA BLW PRECISION FORGINGS LIMITED
Digitally signed by
AJAY PRATAP AJAY PRATAP SINGH
SINGH Date: 2024.01.23
15:22:42 +05'30'

Ajay Pratap Singh

Vice President (Legal), Company Secretary and Compliance Officer

Enclosed: As above
Results Release
For immediate publication

Sona BLW Precision Forgings Ltd. announces Q3 FY24 Results

Highest-ever EBITDA, Net Profit, BEV Revenue Share in a quarter

Revenue grows 13% YoY, EBITDA grows 22%, and PAT grows 24% YoY
Won five new BEV programs; net order book* increased to highest-ever INR 240bn

Gurugram, India, January 23, 2024: Sona BLW Precision Forgings Ltd. (Sona Comstar), a leading mobility
technology company providing mission-critical systems and components for electrified and non-electrified
powertrain segments, today announced its financial results for the quarter and nine months ended December
30, 2023.

Key Financial Highlights – Q3 FY24

• Revenue of Rs. 777 crores with 13% YoY growth

• Revenue share from Battery Electric Vehicles (BEV) at 30%, BEV revenue growth of 28% YoY
• EBITDA of Rs. 227 crores with a margin of 29.3% and 22% YoY growth
• PAT of Rs. 133 crores with a net profit margin of 17.2% and 24% YoY growth
• With five new BEV program wins, the net order book* has increased to the highest-ever Rs. 24,000 crores

Key Financial Highlights – 9M FY24

• Revenue of Rs. 2,300 crores with 19% YoY growth

• Revenue share from Battery Electric Vehicles (BEV) at 28%, BEV revenue growth of 31% YoY
• EBITDA of Rs. 654 crores with an EBITDA margin of 28.4% and 32% YoY growth
• PAT of Rs. 369 crores with a net profit margin of 16.1% and 34% YoY growth
• The net order book* increased to Rs. 24,000 crores from Rs. 21,500 crores as of March 31st, 2023

Management Comment

Mr Vivek Vikram Singh, MD & Group CEO, commented: "We delivered our highest quarterly EBITDA, net profit,
BEV revenue, BEV revenue share and order book in Q3 FY24. Our BEV revenue was higher by 28% y-o-y,
representing 30% of overall revenues. EBITDA margin improved by 200 bps y-o-y to 29.2%, driving EBITDA growth
of 22% and PAT growth of 24%. We have introduced a new product, an integrated motor controller, that should
improve the electric powertrains for E2-wheelers. As per Ricardo estimates, our global market share increased
in differential gears and starter motors in 2023. On the ESG front, I am happy to report that we reduced the
intensity of emissions from our operations by over 10% last year. The last quarter was one of our best quarters
for business development. With five new BEV program wins, we closed last quarter with an all-time high net
order book. Three of the new BEV programs won are for three innovative and unique powertrain solutions,
reaffirming our position as the technology leader in our products. From where we stand today and what we
see, based on customer schedules and our strong order book, we are certain that electrification will continue
to drive strong growth for us in the immediate, medium, and long term.”

Page | 1
Results Release
For immediate publication

Operational Highlights – Q3 FY24 and 9M FY24

Key Developments:
• Sona Comstar developed a new product, Integrated Motor Controller, for electric two-wheelers. This
new product differs from a separate motor and controller setup due to several aspects and offers our
customers matchless advantages. Some advantages include i) compact design, ii) improved
efficiency and performance, iii) cost-effectiveness, iv) reduced wiring and connectivity issues, etc.

• The company has received an order from a new customer, an Indian OEM of ICE and electric two-
wheelers, to supply integrated motor controllers for their upcoming high-performance electric bikes.
This drivetrain is compact because the controller is integrated with the motor in a single unit. This
program has added Rs 345 crores to our order book. Production is likely to commence in Q1 FY26.

• Global OEM of electric cars has awarded the company a new program to supply Spool Gears for the
three-motor architecture of their most advanced and highest-torque SUV BEV model. This program has
added Rs 570 crores to our order book. The program's start of production is in Q4 FY24.
• A North American New Age OEM of electric cars has awarded the company a program to supply
Epicyclic Geartrain and Rotor shafts for their high-performance electric car. This program has added
Rs 99 crores to our order book, and production will likely commence in H1 FY27.

Electrification:
• BEV Revenue Share: Revenue from Battery EV grew 28% YoY Rs. 222 crores in Q3 FY24 and contributed
30% of total revenue.
• EV programs: we added five new programs and two new customers in Q3 FY24. The number of
awarded programs increased to 53 across 30 different customers.
*refer to Investor Presentation

- ENDS -

About Sona BLW Precision Forgings Limited

Sona BLW Precision Forgings Limited (Sona Comstar) is one of the world's leading automotive technology
companies. Sona Comstar was founded in 1995 and is headquartered in Gurugram, India. It is a global
supplier with manufacturing and assembly facilities, R&D centres and engineering capability centres across
India, USA, Serbia, Mexico, and China.
Sona Comstar primarily designs, manufactures, and supplies highly engineered, mission-critical automotive
systems and components to automotive OEMs. Sona Comstar is a leading supplier to the fast-growing global
Electric Vehicle (EV) market. The company has strong R&D, engineering and technological capabilities in
precision forging, mechanical and electrical systems, mmWave radar sensors, and base and application
software development. It is diversified across geographies, products, vehicle segments and customers.
Sona Comstar is listed on BSE Ltd (BSE) (Code: SONACOMS/543300) and the National Stock Exchange of
India Ltd. (NSE) (Symbol: SONACOMS). To learn more about Sona Comstar, please visit
[Link].

Page | 2
Results Release
For immediate publication

For more information about us, please visit [Link] or contact:

Sona BLW Precision Forgings Ltd. Archetype

Amit Mishra Prerna Rao Tel: + 91 98738 79787

Head Investor Relations Email: [Link]@[Link]
Email: [Link]@[Link]

DISCLAIMER:
Certain statements that may be made or discussed at the conference call may be forward-looking
statements. Such forward-looking statements are subject to certain risks and uncertainties like government
actions, local, political or economic developments, technological risks, and many other factors that could
cause actual results to differ materially from those contemplated by the relevant forward-looking statements.
Sona BLW Precision Forgings Ltd. will not be responsible, in any manner for any reason whatsoever, for any
action taken based on such statements and discussions; and undertakes no obligation to publicly update
these forward-looking statements to reflect subsequent events or circumstances.

Page | 3