Sona BLW Precision Forgings on Monday reported a 12.2 percent decline in net profit to Rs 124.7 crore in the first quarter of the current fiscal year. The auto component maker had reported a net profit of Rs 142 crore in the same period a year ago.

The company reported that it's total revenue from operations reduced 4.2 percent at Rs 854 crore in the quarter under review from Rs 893 crore in the year-ago period.

The earnings before interest, taxes, depreciation and amortization (EBITDA) reduced 17.4 percent to Rs 206 crore in Q1FY26 from Rs 251 crore year-on-year (YoY), while the margin was reported at 24.1 percent from 28.1 percent YoY.

Total income declined to Rs 895 crore in the first quarter against Rs 900 crore in the year-ago period, Sona BLW Precision Forgings (Sona Comstar) said in a regulatory filing.

"Q1 FY26 was a challenging quarter for us due to the convergence of multiple adverse factors, which are temporary, and some have started to resolve already," Sona Comstar MD and Group CEO Vivek Vikram Singh said.

The company ended the quarter with a few large order wins, closing the quarter with an all-time high net order book, he added.

"We have received a large order from a North American OEM (original equipment manufacturer) to supply differential assemblies. This is our largest order win in the last two-and-a-half years. We believe this is likely to be one of the most significant and successful EV launches in many years," Singh said.

The company has recently signed a term sheet with JNT to form a joint venture in China, he noted. This JV marks a significant step in the company's strategy to expand into the rapidly growing Asian markets, he added. "With a robust order book already in place, we expect operations to commence later this year," Singh said.

Shares of Sona Blw Precision Forgings Ltd. settled over 1 percent higher at Rs 443 per share on the NSE, up 1.25 percent.