Date: - 27th July, 2023

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

Subject: Outcome of Board Meeting

Dear Sir / Madam,

We wish to inform that the Board of Directors have considered the below mentioned
matter in the Board meeting of the Company held on today, i.e., 27th July, 2023:

Unaudited Financial Results (Standalone & Consolidated) for the quarter ended on 30 th
June, 2023: In terms of Regulation 30 read with Part A of Schedule III, Regulation 33
and other applicable provisions of the SEBI (Listing Obligations and Disclosure
Requirements) Regulations, 2015, we are enclosing herewith the following documents
as Annexure-A, duly signed: -

a) Unaudited Standalone Financial Results for the quarter ended on 30th June, 2023
along with Limited Review Report of the Statutory Auditor's thereon.

b) Unaudited Consolidated Financial Results for the quarter ended on 30th June, 2023
along with Limited Review Report of the Statutory Auditors' thereon.

The meeting of the Board of Directors of the Company commenced at 02:05 p.m.
(1ST) and concluded at 03:45 p.m. (1ST).

This is for your information and records.

Thanking you,
For SONA BLW PRECISION FORGINGS LIMITED
AJAY Digitally signed
by AJAY PRATAP
PRATAP Date: 2023.07.27
SINGH

SINGH 15:47:56 +05'30'

Ajay Pratap Singh
Vice President (Legal), Company Secretary and Compliance Officer

Enclosed: As above
 Walker Chandiok &..Co LLP

Walker Chandiok & Co LLP

21st Floor, DLF Square
Jacaranda Marg, DLF Phase 11,
Gurugram -122 002
Haryana, India

T +91124 462 8099

F +91124 462 8001

Independent Auditor's Review Report on Standalone Unaudited Quarterly Financial

Results and Year to Date Results of the Company pursuant to the Regulation 33 of
the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 (as
amended)

To the Board of Directors of Sona BLW Precision Forgings Limited

1. We have reviewed the accompanying statement of standalone unaudited financial

results ('the Statement') of Sona BLW Precision Forgings Limited ('the Company') for
the quarter ended 30 June 2023 and the year to date results for the period 01 April
2023 to 30 June 2023, being submitted by the Company pursuant to the requirements
of Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements)
Regulations, 2015 (as amended) ('Listing Regulations').

2. The Statement, which is the responsibility of the Company's management and

approved by the Company's Board of Directors, has been prepared in accordance with
the recognition and measurement principles laid down in, Indian Accounting Standard
34, Interim Financial Reporting ('Ind AS 34'), prescribed under section 133 of the
Companies Act, 2013 ('the Act'), and other accounting principles generally accepted
in India and is in compliance with the presentation and disclosure requirements of
Regulation 33 of the Listing Regulations. Our responsibility is to express a conclusion
on the Statement based on our review.

3. We conducted our review of the Statement in accordance with the Standard on Review
Engagements (SRE) 2410, Review of Interim Financial Information Performed by the
Independent Auditor of the Entity, issued by the Institute of Chartered Accountants of
India. A review of interim financial information consists of making inquiries, primarily
of persons responsible for financial and accounting matters, and applying analytical
and other review procedures. A review is substantially less in scope than an audit
conducted in accordance with the Standards on Auditing specified under section
143(10) of the Act, and consequently, does not enable us to obtain assurance that we
would become aware of all significant matters that might be identified in an audit.
Accordingly, we do not express an audit opinion.

Chartered Accountants Walker Chandiok & Co LLP ts registered

with limited ltablltty with Identification
Offices in Ahmedabad, Bongaluru, Chand~atti, Chennai, Oehradun, Gl!n,gram, Hyderabad, Kochi, Kolkata, Mumbai, New Delhi, number AAC-2085 and has its registered
Noioa and Pune office at L-41, Connaught Circus, Outer
Circle, New Delhi, 110001, India
Walker Chandiok &..Co LLP
Independent Auditor's Review Report on Standalone Unaudited Quarterly Financial Results
and Year to Date Results of the Company pursuant to the Regulation 33 of the SEBI (Listing
Obligations and Disclosure Requirements) Regulations, 2015 (as amended) (Cont'd)

4. Based on our review conducted as above, nothing has come to our attention that
causes us to believe that the accompanying Statement, prepared in accordance with
the recognition and measurement principles laid down in Ind AS 34, prescribed under
section 133 of the Act, and other accounting principles generally accepted in India,
has not disclosed the information required to be disclosed in accordance with the
requirements of Regulation 33 of the SEBI (Listing Obligations and Disclosure
Requirements) Regulations, 2015 (as amended), including the manner in which it is to
be disclosed, or that it contains any material misstatement.

For Walker Chandiok & Co LLP

Chartered Accountants
Firm Registration No: 001076N/N500013
eSigned using Aadhaar
(Leegality com - IPWzn1u)
Arun Tandon

Date: Thu Jul 2714:16:16 IST

2023

Arun Tandon
Partner
Membership No. 517273
UDIN: 23517273BGTXMU5933

Place: New Delhi

Date: 27 July 2023

hil et"d A unt n

 SONA BLW PRECISION FORGINGS LIMITED
Registered and Corporate Office: Sona Enclave Village, Begumpur Khatola, Sector 35, Gurugram, Haryana - 122004, India
Telephone: +910124476 8200 E -mail: [email protected]:www.sonacomstar.com CIN: L27300HR1995PLC083037
Standalone Statement of Profit & Loss for the quarter ended 30th June 2023
(Figures in Million <, unless stated othmvise)

Quarter ended Year ended

Particulars 30th June 2023 30th June 2022 31st March 2023 31st March 2023

(Unaudited) (Unaudited) (Unaudited) (Audited)

Refer note 1
Income
Revenue from operations 6,738.32 5,331.97 6,989.84 24,476.67
Foreign exchange gain (net) 14.34 53.46 13.55 209.57
Other income 51.54 6.78 370.16 430.74
Total income 6,804.20 5,392.21 7,373.55 25,116.98

Expenses
Cost of materials consumed 2,869.42 2,382.74 3,006.06 10,659.14
Changes in inventories of finished goods and work-in-
(66.51) 3.23 116.49 270.89
progress
Employee benefits expense 467.92 408.67 428.94 1,710.33
Finance costs 52.45 26.63 47.77 163.57
Depreciation and amortisation expense 482.37 371.31 452.25 1,665.46
Other expenses 1,605.51 1,321.96 1,549.73 5,667.71
Total expenses 5,411.16 4,514.54 5,601.24 20,137.10
Profit before exceptional items and tax 1,393.04 877.67 1,772.31 4,979.88
Exceptional item (Refer Note No. 3) 28.43 - 33.69 33.69
Profit before tax 1,364.61 877.67 1,738.62 4,946.19

Tax expense
- Current tax 343.88 208.06 356.51 1,070.56
- Tax related to previous years - (3.13) (30.50) (33.63)
- Deferred tax (credit)/ charge 4.41 16.53 (23.55) 28.36
Total tax expense 348.29 221.46 302.46 1,065.29

Profit for the period/year 1,016.32 656.21 1,436.16 3,880.90

Other comprehensive income

Items that will not be reclassified to profit or loss
Remeasurements of defined benefit obligations 0.57 (3.85) 13.79 2.29
Income tax relating to above mentioned item (0.15) 1.00 (3.55) (0.59)
Items that will be reclassified to profit or loss
Effective portion of gain on designated portion of
51.60 (100. 71) 113.99 17.11
hedging instruments in a cash flow hedge
Income tax relating to above mentioned items (13.04) 25.47 (28.90) (4.34)

Other comprehensive (loss)/ income for the

38.98 (78.09) 95.33 14.47
period/ year
Total comprehensive income for the period/ year 1,055.30 578.12 1,531.49 3,895.37

Paid up equity share capital (Face value: Rs. 10 per

share) 5,854.16 5,843.53 5,854.05 5,854.05

Total reserves 16,644.12

Earnings per equity share of face value off 10

each (not annualised)
Earnings per share (Basic) (in ~) 1.74 1.12 2.45 6.64
Earnings per share (Diluted) (in ~) 1.73 1.12 2.45 6.63
(See accompanying notes to the financial results)

/
 SONA BLW PRECISION FORGINGS LIMITED
Registered and Corporate Office: Sona Enclave Village, Begumpur Khatola, Sector 35, Gurugram, Haryana - 122004, India

Telephone: +910124476 8200 E-mail: [email protected]:www.sonacomstar.com CIN: L27300HR1995PLC083037

Notes to standalone financial results for the quarter ended 30th June 2023
(Figures in Million <, 1111/ess stated otherwise)
Notes:
1 The Unaudited Financial Results of the Company for the quarter ended June 30, 2023 ("UFR") have been prepared in accordance with the
Indian ,-\ccounting Standards notified under Section 133 of the Companies Act, 2013, as amended and read with relevant rules thereunder. In
terms of Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) 2015, this Statement of UFR of the Company has been
reviewed by the ,-\udit Committee and approved by the Board of Directors at their respective meeting held on July 27, 2023. The UFR of the
Company has undergone review by our Statutory ,-\uditors.The figures for the quarter ended March 31, 2023 are the balancing figures between
audited figures in respect of the full financial year and published year to date figures up to the third quarter of the year ended March 31, 2023.

2 The Company had signed a Binding Term Sheet with the shareholders of NOVELIC d.o.o. Beograd - Zvezdara (a company registered with
Business Registers ,-\gency having office in Belgrade, Serbia) ("NOVELIC") on 9th Janua1y 2023 and has subsequently signed a Share Purchase
,-\greement (SP,-\) on 29th May 2023, wherein it has agreed to acquire 54% shares capital and voting rights in NOVE LIC subject to fulfilment of
certain conditions.

3 Exceptional I terns
Quarter ended Year Ended

30th June 2023 30th June 2022 31st March 2023 31st March 2023
Particulars
(Unaudited) (Unaudited) (Unaudited) (Audited)
Refer note 1

Related to diligence work for acquisition (Refer note 2) 28.43 - 33.69 33.69

4 In AGM dated 19th July 2023, shareholder approved final dividend of Rs. 1.53 per equity share of the Company havmg face value of INR 10/-
(Rupees Ten only) each, for the Financial Year ended on 31st March, 2023.
5 In ,-\Gi\I dated 19th July 2023, shareholder approved Sona Employee Stock Option Plan 2023 ("Plan" or "ESOP 2023") and authorised the
Board/ NRC to grant stock options to the Eligible Employees of the Company.
6 The shareholders, in the ,-\nnual General Meeting (AGM) held on 9th September 2021 had approved the Exit Reh1rn Incentive (ERI) Plan for
payment of awards by Singapore YII Topco III PTE. Ltd. (Singapore VII) to certain identified employees of the Company purcuant to which
Singapore YII made payment of awards to such identified employees between 28th April, 2023 and 12th May, 2023. There is however no
financial impact of such payments on the Company.
7 The Company operates in a single reportable business segment, "Automotive Components".
8 The previous period numbers have been regrouped/rearranged wherever necessary to conform to the current period presentation.The impact
of such reclassification/ regrouping is not material to the financial statements.

For and on behalf of the Board of Directors of

SONA BLW PRECISION FO GING IMITED

ivek Vikram Singh

Place: Gurugram
Date: 27th July 2023 r
~r.ecutive Officer
DIN: 07698495
Walker Chandiok &.Co LLP

Walker Chandiok & Co LLP

21st Floor, DLF Square
Jacaranda Ma rg. DLF Phase II,
Gurugram - 122 00 2
Haryana, Ind ia

T +911 24 462 8099

F +911 24 462 8001

Independent Auditor's Review Report on Consolidated Un.audited Quarterly Financial

Results and Year to Date Results of the Company pursuant to the Regulation 33 of the SEBI
(Listing Obligations and Disclosure Requirements) Regulations, 2015 (as amended)

To the Board of Directors of Sona BLW Precision Forgings Limited

1. We have reviewed the accompanying statement of unaudited consolidated financial results ('the
Statement') of Sona BLW Precision Forgings Limited {'the Holding Company') and its
subsidiaries (the Holding Company and its subsidiaries together referred to as 'the Group'),
(refer Annexure 1 for the list of subsidiaries included in the Statement) for the quarter ended 30
June 2023 and the consolidated year to date result$ for the period 01 April 2023 to 30 June
2023 , being submitted by the Holding Company pursuant to the requirements of Regulation 33
of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 (as amended)
('Listing Regulations').

2. This Statement, which is the responsibility of the Holding Company's management and
approved by the Holding Company's Board of Directors, has been prepared in accordance with
the recognition and measurement principles laid down in Indian Accounting Standard 34,
Interim Financial Reporting ('Ind AS 34'), prescribed under section 133 of the Companies Act,
2013 ('the Act'), and other accounting principles generally accepted in India and is in
compliance with the presentation and disclosure requirements of Regulation 33 of the Listing
Regulations. Our responsibility is to express a conclusion on the Statement based on our
review.

3. We conducted our review of the Statement in accordance with the Standard on Review
Engagements (SRE) 2410, Review of Interim Financial Information Performed by the
Independent Auditor of the Entity, issued by the Institute of Chartered Accountants of India. A
review of interim financial information consists of making inquiries, primarily of persons
responsible for financial and accounting matters, and applying analytical and other review
procedures. A review is substantially less in scope than an audit conducted in accordance with
the Standards on Auditing specified under section 143(10) of the Act, and consequently, does
not enable us to obtain assurance that we would become aware of all significant matters that
might be identified in an audit. Accordingly, we do not express an audit opinion.

We also performed procedures in accordance with the SEBI Circular CIR/CFD/CMD1/44/2019

dated 29 March 2019 issued by the SEBI under Regulation 33 (8) of the Listing Regulation, to
the extent applicable.

Chartered Accoonlants Walker Chandiok & Co LLP Is registered

with limlted liability with identification
Offices In Ahmadabad, Bengaluru, Chandi)alh, Chennai, Dehradun, Gurugram, Hyderabad, Kochi, Kolkata, Mumbai, New Delhi, number AAC-2085 and has Its registered
Nolda and Pune office at L-4 1, Connaughl Circus, Outer
Circle, New Delhi, 110001 , India
Walker Chandiok &.Co LLP
Independent Auditor's Review Report on Consolidated Unaudited Quarterly Financial
Results and Year to Date Results of the Company pursuant to the Regulation 33 of the SEBI
(Listing Obligations and Disclosure Requirements) Regulations, 2015 (as amended) (Cont'd)

4. Based on our review conducted and procedures performed as stated in paragraph 3 above
nothing has come to our attention that causes us to believe that the accompanying Statement,
prepared in accordance with the recognition and measurement principles laid down in Ind AS
34, prescribed under section 133 of the Act, and other accounting principles generally accepted
in India, has not disclosed the information required to be disclosed in accordance with the
requirements of Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements)
Regulations, 2015 (as amended), including the manner in which it is to be disclosed, or that it
contains any material misstatement.

For Walker Chandiok & Co LLP

Chartered Accountants
Firm Registration No: 001076N/N500013
eSigned using Aad haa r
(Leegality com - 5h2BxiO)
Arun Tandon

Date: Thu Jul 27 13:59:13 IST

2023

Arun Tandon
Partner
Membership No. 517273
UDIN: 23517273BGTXMV4535

Place: New Delhi

Date: 27 July 2023
Walker Chandiok &_Co LLP
Independent Auditor's Review Report on Consolidated Unaudited Quarterly Financial
Results and Year to Date Results of the Company pursuant to the Regulation 33 of the SEBI
(Listing Obligations and Disclosure Requirements) Regulations, 2015 (as amended) (Cont'd)

Annexure 1

List of entities included in the Statement

S.no. Name of the holding Company

1 Sona BLW Precisions Forgings Limited

Name of subsidiaries
1 Comstar Automotive Technologies Services Private Limited
2 Comstar Automotive USA LLC
3 Comstar Automotive Hongkong Limited
4 Comestel Automotive Technologies Mexicana Ltd
5 Comstar Automotive (Hangzhou) Co., Ltd
6 Comenergia Automotive Technologies Mexicana, S. DE R.L. DE C.V
7 Comestel Automotive Technologies Mexicana, S. DE R.L. DE C.V
8 Comstar Hong Kong Mexico No. 1, LLC
9 Sona Comstar eDrive Private Limited
10 Sona BLWeDrive Mexicana, S.A.P.I. DE C.V.

d Ac un n
 SONA BLW PRECISION FORGINGS LIMITED
Registered and Corporate Office: Sona Enclave Village, Begumpur Khatola, Sector 35, Gurugram, Haryana - 122004, India
Telephone: +910124476 8200 E-mail: [email protected]:www.sonacomstar.com CIN: L27300HR1995PLC083037
Consolidated Statement of Profit & Loss for the quarter ended 30th June 2023
(Figures in Million <, unless stated otherwise)

Quarter ended Year ended

30th June 2023 30th June 2022 31st March 2023 31st March 2023
Particulars
(Unaudited) (Unaudited) (Unaudited) (Audited)
Refer note 1

Income
Revenue from operations 7,313.84 5,842.51 7,425.87 26,550.10
Foreign exchange gain (net) 7.85 49.73 14.31 205.85
Other income 53.63 10.21 44.69 115.88
Total income 7,375.32 5,902.45 7,484.87 26,871.83

Expenses
Cost of materials consumed 3,237.16 2,680.83 3,191.76 11,795.48
Changes in inventories of finished goods and work-in-
(84.30) 1.84 206.25 404.15
progress
Employee benefits expense 491.33 429.03 455.46 1,803.54
Finance costs 53.37 28.89 46.21 169.27
Depreciation and amortisation expense 510.56 400.09 480.97 1,780.04
Other expenses 1,643.71 1,355.38 1,572.40 5,794.61
Total expenses 5,851.83 4,896.06 5,953.05 21,747.09
Profit before exceptional items and tax 1,523.49 1,006.39 1,531.82 5,124.74
E xceptional item (Refer Note No. 3) 28.43 - 33.69 33.69
Profit before tax 1,495.06 1,006.39 1,498.13 5,091.05
Tax expense
- Current tax 372.79 238.05 379.04 1,178.54
- Tax related to previous years 0.06 (3.13) (30.49) (33.37)
- Deferred tax (credit) / charge 1.85 13.06 (48.50) (7.09)
Total tax expense 374.71 247.98 300.05 1,138.08

Profit for the period/year 1,120.35 758.41 1,198.08 3,952.97

Other comprehensive income

Items that J1Jill not be reclassified to prvfit or loss
Changes in fair values of equity instruments carried at fair
(40.05)
value through other comprehensive income
Remeasurements of defined benefit obligations 0.57 (3.85) 13.83 2.34
Income tax relating to above mentioned items (0.15) 1.00 (3.56) (0.60)
Items that J1Jill be reclassified to profit or loss
Exchange differences on translation of foreign
2.15 35.92 4.15 100.35
operations
Items that will be reclassified to profit or loss
Effective portion of gain / 0oss) on designated portion of
51.60 (100.71) 113.99 17.12
hedging instruments in a cash flow hedge
Income tax relating to above mentioned items (13.04) 25.47 (28.90) (4.34)
Other comprehensive income for the period/ year 41.13 (42.17) 99.51 74.82
Total comprehensive income for the period/ year 1,161.48 716.24 1,297.59 4,027.79

Paid up equity share capital (Face value: Rs. 10 per share) 5,854.16 5,843.53 5,854.05 5,854.05
Total reserves ~ 17,047.95

Earnings per equity share of face value oft 10 each

(not annualised)
Earnings per share (Basic) (in <) 1.91 6.76
Earnings per share (Diluted) (in <) 1.91 6.75
(See accompanying notes to the financial results)
 SONA BLW PRECISION FORGINGS LIMITED
Registered and Corporate Office: Sona Enclave Village, Begumpur Khatola, Sector 35, Gurugram, Haryana - 122004, India
Telephone: +910124476 8200 E-mail: [email protected]:www.sonacomstar.com CIN: L27300HR1995PLC083037
Notes to consolidated financial results for the quarter ended 30th June 2023
(Fig11res in Million ?, 11nless stated otherwise)

Notes:
1 The Unaudited Financial Results of the Group for the quarter ended June 30, 2023 ("UFR") have been prepared in accordance with the
Indian Accounting Standards notified under Section 133 of the Companies Act, 2013, as amended and read with relevant rules
thereunder. In terms of Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) 2015, this Statement of UFR of
the Group has been reviewed by the Audit Committee and approved by the Board of Directors at their respective meeting held on July
27, 2023. The UFR of the Group has undergone review by our Statutory Auditors.The figures for the quarter ended March 31, 2023 are
the balancing figures between audited figures in respect of the full financial year and published year to date figures up to the third quarter
of the year ended ~larch 31, 2023.

2 The Company had signed a Binding Term Sheet with the shareholders of NOVELIC d.o.o. Beograd - Zvezdara (a company registered
with Business Registers Agency having office in Belgrade, Serbia) ("NOVELIC") on 9th January 2023 and has subsequently signed a
Share Purchase Agreement (SPA) on 29th May 2023, wherein it has agreed to acquire 54% shares capital and voting rights in NOVELIC
subject to fulfilment of certain conditions.
3 E xcepttona11 terns
Quarter ended Year Ended

30th June 2023 30th June 2022 31st March 2023 31st March 2023
Particulars
(Unaudited) (Unaudited) (Unaudited) (Audited)
Refer note 1

Related to diligence work for acquisition (Refer note 2) 28.43 - 33.69 33.69
4 The Company has incorporated a wholly owned subsidiary "SONA BLW EDRIVE MEXICAN,-\, S.A.P.I. DE C.V." in Mexico.
5 In AGM dated 19th July 2023, shareholder approved final dividend of Rs. 1.53 per equity share of the Company having face value of
INR 10 / - (Rupees Ten only) each, for the Financial Year ended on 31st March, 2023.
6 In ,-\GM dated 19th July 2023, shareholder approved Sona Employee Stock Option Plan 2023 ("Plan" or "ESOP 2023") and authorised
the Board/NRC to grant stock options to the Eligible Employees of the Company.
7 The shareholders, in the ,-\nnual General Meeting (,-\GM) held on 9th September 2021 had approved the Exit Return Incentive (ERI)
Plan for payment of awards by Singapore VII Topco III PTE. Ltd. (Singapore VII) to certain identified employees of the Company
purcuant to which Singapore VII made payment of awards to such identified employees between 28th April, 2023 and 12th May, 2023.
There is however no financial impact of such payments on the Company.
8 The Group operates in a single reportable business segment, "Automotive Components".
9 The previous period numbers have been regrouped/rearranged wherever considered necessary to conform with those of current period
presentation.The impact of such reclassification/ regrouping is not material to the financial statements.
II
For and on behalf of the bard of Dir ctors of

SONA BLW PRECISION F Rq,ENG IMITED

I /'
ikram Singh
Place: Gurugram ____ naging Director and Group Chief Ex cutive Officer
Date: 27th July 2023 , IN:07698495