Earnings Call Transcript for Q1 financial results.

Date: 30th July, 2026 BSE Ltd. National Stock Exchange of India Ltd. Regd. Office: Floor - 25, Listing Deptt., 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 Subject: - Transcript of Earning Call pertaining to Financial Results for quarter ended on 30th June, 2026. Dear Sir / Madam, Pursuant to Regulation 30 read with Schedule III of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, please find enclosed herewith the transcript of the Earning Call held on Thursday, 23rd July, 2026 on the financial result of the Company for the quarter ended on 30th June, 2026. The transcript will also available on the website of the Company at https://sonacomstar.com/investor/investor-presentations This is for your information and further dissemination. Thanking you, For Sona BLW Precision Forgings Limited Pankaj Gupta Senior Vice President (Legal), Company Secretary and Compliance Officer Enclosed as above; SONA BLW Precision Forgings Ltd. (Sona Comstar) Q1 FY27 Earnings Conference Call Transcript July 23, 2026 The webcast recording and the presentation referred to in this transcript are available on the website of the Company and can be accessed through the following link: https://sonacomstar.com/investor/investor-presentations Moderator: Ladies and gentlemen, good day and welcome to Sona Comstar Q1FY27 earnings group conference call. Please note all participants' lines are in the listen only mode as of now. There will be an opportunity for you to ask questions after the presentation concludes. Please note that this call is being recorded. We request that you place your line on mute except when asking questions. Some of the statements by the management team in today's conference call may be forward looking in nature, and we request you to refer to the disclaimer in the earnings presentation for further details. The management will also not be taking any specific customer-related questions or confirm or deny any customer name or relationships due to confidentiality reasons. Please refrain from naming any customer in your questions. Now I will hand over the floor to Mr. Kapil Singh, Deputy Head of Research India and Lead Auto Analyst at Nomura. Kapil, please go ahead. Thank you. Kapil Singh: Yeah, thanks, Sneha. Good Evening, everyone. To take us through the Q1 results, we have the whole management team of Sona Comstar. We have Mr. Vivek Vikram Singh, MD and Group CEO, Mr. Vikram Verma, Whole Time Director and CEO of Drive Line Business, Mr. Sat Mohan Gupta, CEO of Motor Business, Mr. Praveen Rao, Group CTO, Mr. Rohit Nanda Group CFO, Mr. Amit Mishra, Head Railway Business, Mr. Ankit Agarwal, Head Investor Relations, and, Pratik Sachan, Head, Strategy and M&A. With this, I'll hand over the call to Vivek for his opening remarks and the presentation. Vivek Vikram Singh: Thank you, Kapil, and welcome everyone. Today's call will be a little different from my usual quarterly discussions. I'd like to first spend some time sharing how we are thinking about the next phase of Sona Comstar's journey. Those of you who read my recent letter to shareholders know that FY 26 was a year that tested us in many ways. But while we were dealing with those challenges, something equally important was happening in the background. We were quietly preparing for our next decade. Sona Comstar – Q1 FY27 Earnings Call Page 1 of 24 There's a poem by Edwin Markham that I like. It goes, “when you're the anvil, bear, when you're the hammer, strike.” And we believe that every company goes through both sorts of phases. There are times when resilience matters the most. And there are times when a company must forge its own future. Now, over the last decade, we transformed Sona Comstar from a small automotive components company into a mid-sized global mobility technology company with a diversified product, customer portfolio and leadership positions across many categories. It's natural for us to then ask ourselves this question. What does it take to go from a mid-sized company to a truly large company? And our answer is what we call Sona Comstar 2.0. This is not a change in direction. It is a natural evolution of the strategy that has brought us this far. We began working on the strategy more than 2 years ago. But we deliberately chose not to talk about it, because we wanted to do something tangible and have something to show before we came to you. Ambition without substance can easily be mistaken for hubris, and we wanted to come to you not with ideas alone, but with actions. Yesterday's announcement of the Denso JV is one example. Our work in Robotics and Physical AI is another one, which is perhaps an even bigger move. In other words, Sona Comstar 2.0 is not something we are announcing today. It is the beginning of year 2 of our next decade's journey. And today, we'd like to share that journey with you. Slide 5: So let me begin by explaining how we've been thinking about the next decade. We did some reflection, I put this in our annual report two years ago, that when we look back at our own journey between 2015 and 2025, we noticed something that was both interesting and humbling. Our revenues increased 10-fold in that period. Yet, more than 85% of that growth came from just 3 strategic decisions. We entered new product verticals. We expanded into global markets, particularly the West. And we recognized the electrification opportunity early and acted upon it. That reinforces for us an important lesson that great companies rarely become exceptional because they make hundreds of small good decisions. They become exceptional because they make a handful of truly transformational decisions and then execute them well. Our ambition over the next decade is simple. We want to build another 10x company. But every decade obviously brings a different set of opportunities. Our job is not to repeat what worked before. It is to build on the capabilities that brought us here while creating new growth platforms for the future. This is why we've broadened our addressable market from automotive to mobility. Now our first growth engine remains new product verticals. It has been our biggest driver of growth over the last decade, and we intend to accelerate it through both organic innovation and disciplined acquisitions and partnerships wherever necessary. Sona Comstar – Q1 FY27 Earnings Call Page 2 of 24 Our second growth engine is what we call a look east strategy. But let me first explain what it is not. It is not a shift away from the West. Europe and North America will remain strategically important markets for us. Our ambition in those markets is every bit as strong as it has always been. But what is changing is that over the next decade, we intend to build an equally strong presence in the East, and not through incremental expansion, like having more sales staff or doing more business development calls. But through carefully chosen strategic moves that strengthen our access to technologies, customers, and markets. Our railway acquisition was one such move. Our partnership with DENSO is another, and we expect that we'll continue making similar long-term strategic moves over the next decade. Our third growth engine is undoubtedly our boldest yet. Alongside electrification, we're adding another long-term technology theme to the company - Robotics and physical AI. We believe this has the potential to become a significant long-term growth platform for us as a company. Slide 6: So now let's begin with the first growth engine, new product verticals. We believe that one of the biggest differences between great manufacturing companies and really good ones is where management chooses to spend their time. Most companies spend most of their energy defending the business that they already have. We have spent hours creating businesses that we did not have. Ever since our IPO, i [Showing first 8,000 characters — download PDF for full document]