Sona BLW shares hit record ₹882 as Q2 profit jumps 29%

Sona BLW Precision Forgings’ stock rose to a fresh record of ₹882 on Wednesday, its second straight session at all‑time high. The rally followed the company’s Q2 FY27 results announced on Monday, which showed a 29% year‑on‑year rise in consolidated net profit to ₹223.4 crore and a 34.9% jump in revenue to ₹1,535.84 crore. Over the past three months the shares have climbed 23.48% and 46.60% over the last six months, while the year‑to‑date gain exceeds 85%. BEV segment revenue surged 129%, lifting its share of the auto business to a record 51% for the quarter. The order book stood at ₹25,100 crore, including ₹3,600 crore of new orders taken in September. The firm also launched three new products – a helical limited‑slip differential for EVs, air springs for railway passenger coaches and rear‑radar sensors for two‑wheelers – the highest count in a single quarter. EBITDA rose 23% to ₹356.2 crore but the margin slipped to 23% from 25.3% a year earlier. Elara Securities kept its Buy call, lifted the target price to ₹1,005 and highlighted that over 35% of revenue now comes from products added in the past seven years, noting a Denso joint‑venture that could add ₹200 per share by FY29. Nuvama retained a Hold rating, raised its target to ₹830 and projected 22% revenue and 20% EBITDA CAGR through FY29, while warning that the stock trades at 45‑41 times forward earnings. ## Context The surge reflects Sona BLW’s shift from traditional forgings to electric‑vehicle components and strategic partnerships, a pattern seen across Indian auto suppliers as EV demand accelerates.