Motherson Sumi Wiring India Ltd. Results

Q2FY25 Quarterly Result Announced for Motherson Sumi Wiring India Ltd.

Auto Parts & Equipment company Motherson Sumi Wiring India announced Q2FY25 results Financial Highlights: Revenue: Rs 2,326 crore with growth 10.3% EBITDA: Rs 250 crore with gorwth -1.2%. PAT: Rs 152 crorw with growth -2.6% Other Highlights: Strong revenue growth during Q2FY25 of 10.3%, surpassing industry growth; mainly led by higher content. Expanding capacities to execute new customer orders with two Greenfields, additional costs being incurred during the ramp-up phase. Maintained the status of a debt-free company. Vivek Chaand Sehgal, Chairman, Motherson Sumi Wiring India, said: "The company has made significant progress this quarter, showcasing a solid performance. With the invaluable support of our customers and the dedication of our team, we have surpassed industry growth. We are committed to our expansion plans that prioritise our customers' needs, while actively exploring new opportunities within the evolving automotive landscape across all powertrains. As we move forward, we will continue to enhance our operational efficiencies and further develop our manufacturing expertise, ensuring sustainable growth and innovation."

Q1FY25 Quarterly Result Announced for Motherson Sumi Wiring India Ltd.

Auto Parts & Equipment company Motherson Sumi Wiring India announced Q1FY25 results: Financial Highlights: Revenues: Rs 2,185 crore, reflecting a 17% increase compared to the same period in the previous fiscal year (YoY). EBITDA: Rs 239 crore, showing a 15% growth YoY. PAT (Profit After Tax): Rs 149 crore, which is a 21% increase YoY. Business Highlights: Strong Revenue growth YoY is mainly supported by increased volumes and content on account of automotive megatrends. Performance remained resilient despite the transitory impact of higher raw material prices and start-up costs mitigated with operational efficiencies. Of the two green fields, one plant commenced operations in July 24 and is in the ramp-up phase. The second plant is expected to come on stream by Q1FY26. MSWIL is part of India’s top-selling passenger vehicles (EV and ICE) and EV 2W models. The EV revenue grew by 50% YoY. Consistent focus on financial prudence; maintaining Debt-Free Status. Vivek Chaand Sehgal, Chairman, Motherson Sumi Wiring India Ltd., said, “The company has demonstrated a good performance. Our unwavering commitment to maintaining customers' trust has been the driving force behind our success. It is through our relentless dedication to pushing the boundaries and delivering exceptional value to our stakeholders that we have been able to consistently deliver such performance. The company remains committed to understanding and staying aligned with industry trends and proactively adapting to the dynamic environment.”

Q4FY24 Quarterly & FY24 Annual Result Announced for Motherson Sumi Wiring India Ltd.

Auto Parts & Equipment company Motherson Sumi Wiring India announced Q4FY24 & FY24 results: Motherson Sumi Wiring India Limited (MSWIL) ended FY24 on a strong note, reporting revenues of Rs 2,233 crore. PAT was Rs 191 crore for Q4FY24. Consistent financial prudence has enabled to maintain a debt-free status. Strengthening presence across India with 26 existing and 2 upcoming facilities to support demand from our customers. ROCE of 48%, delivering >40% ROCE continuously. Vivek Chaand Sehgal, Chairman, Motherson Sumi Wiring India Ltd., said, "This robust performance demonstrates our resilience, agility, and strategic focus on delivering value to our customers. It also reflects our teams' hard work and efforts towards supporting our customers. We are well-positioned to leverage our strengths and capitalise on new opportunities in the evolving market landscape. Through our relentless focus on the development of human resources, new products, localisation and enhancing manufacturing excellence through digitisation, we continue to enhance our product offerings and competitiveness and drive long-term value creation for our stakeholders."

Q3FY24 Quarterly Result Announced for Motherson Sumi Wiring India Ltd.

Auto Parts & Equipment company Motherson Sumi Wiring India announced Q3FY24 results: Revenues of Rs 2,117 crore in Q3FY24, up 25% YoY EBITDA of Rs 262 crore in Q3FY24, up 46% YoY PBT of Rs 219 crore in Q3FY24, up 55% YoY PAT of Rs 168 crore in Q3FY24, up 58% YoY Vivek Chaand Sehgal, Chairman, Motherson Sumi Wiring India, said, “These strong quarterly numbers are the result of customer trust and our operational efficiencies. We remain focused on delivering high-quality products and solutions to our customers and supporting them in their plans. We will continue to invest in capacities to meet the future demand. I want to thank and congratulate our teams for their efforts and commitment, which have contributed to this stellar performance.”