India · Delayed Price · Currency is INR Samvardhana Motherson International Earnings Call Transcripts
Fiscal Year 2026
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Annual revenue surpassed INR 10,000 crore for the first time, with Q4 revenue up 33% year-over-year, driven by strong volume growth and greenfield ramp-up. Gross margin was impacted by copper price increases, but pass-through mechanisms are expected to normalize margins as prices stabilize.
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Q3 FY26 delivered record revenue and double-digit growth, driven by strong performance in automotive, consumer electronics, and aerospace. Margin expansion was supported by operational efficiencies and disciplined capital allocation, with robust outlook and ongoing capacity expansion.
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Q2 FY26 saw 8.5% revenue growth year-on-year, with strong gains in consumer electronics and aerospace. Profitability improved across key divisions, and transformative actions in Europe are largely complete. Order book and CapEx remain robust, with a positive outlook for H2.
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Q1 FY26 saw record revenues of INR 30,200 crore and 5% year-on-year growth, despite industry headwinds. Margins were impacted by upfront costs and market transitions, but profitability is expected to improve in H2 as new projects and integrations ramp up.
Fiscal Year 2025
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Highest-ever revenues achieved for FY2025, with 12% growth and strong greenfield plant ramp-up underway. EV-related revenue stands at 4%, and full utilization of new plants is expected by H2 FY2026, targeting INR 2,100 crore annualized sales.
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Q3 FY25 saw 8% revenue growth and 13% EBITDA rise, with strong margin performance and improved leverage. Consumer Electronics and aerospace segments are set for rapid expansion, while CapEx guidance was reduced due to market conditions.
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Q2 FY25 saw 18% revenue and 32% EBITDA growth year-over-year, with normalized PAT at INR 747 crores. Net debt and leverage improved, while diversification and new business ramp-ups support future growth amid industry volatility.
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Q1 FY25 saw 29% revenue growth, 44% EBITDA growth, and 65% PAT growth year-over-year, driven by both organic and acquired businesses. Non-automotive diversification is accelerating, with major investments in aerospace and consumer electronics, while financial discipline is maintained with a 1.5x net leverage ratio.