Guidance ledger · Q4 FY26

Sona BLW Precision Forgings Ltd SONACOMS

3 revisions on record · 1 lowered · 1 raised — the strikethrough is what management used to say

mixed guidance posture · shifted across quarters

Holding view → · latest concall · The pulse

↓ lowered EBITDA margin band Q1 FY26 → Q4 FY26

~~25 to 27% (pre-Q1FY26 railway acquisition guidance)~~ → 23 to 25%

“We had already said that it will be 23 to 25 % after the railway acquisition. So that is the band.”

↑ raised BEV revenue share Q1 FY26 → Q4 FY26

~~28% (Q1FY26 low - worst quarter since IPO)~~ → 39% of automotive revenue (Q4FY26)

“BEV revenue was 359 crores, which is 22% growth over fourth quarter, and it was 39% of our automotive revenue.”

→ narrowed Net order book Q1 FY26 → Q4 FY26

~~₹262 billion (Q1FY26, highest ever at the time)~~ → ₹237 billion (Q4FY26 after ₹36B Q2 correction and new wins)

“our net order book stands at 237 billion, with EVs accounting for 70% of the orderbook.”

Method. Revisions come from management's own stated numbers, compared quarter over quarter across the covered concalls; each carries the verbatim quote. “No revisions” can also mean guidance too vague to pin down — see the posture chip above. Not investment advice.