India · Delayed Price · Currency is INR Samvardhana Motherson International Earnings Call Transcripts
Fiscal Year 2026
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Record revenues and profitability achieved in FY 2026, with strong growth in consumer electronics and aerospace. Leverage at an all-time low, robust order book, and significant CapEx planned for FY 2027 support a positive outlook and Vision 2030 targets.
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Q3 FY26 delivered record revenue and strong profit growth, driven by robust performance in consumer electronics and aerospace, margin expansion in key divisions, and disciplined capital allocation. Management expects further improvements in Q4 and continued growth from new capacity and acquisitions.
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Q2 FY26 saw strong revenue and profit growth, driven by operational improvements, acquisitions, and robust performance in consumer electronics and aerospace. The company maintained a balanced approach to EV/ICE, improved leverage and ROCE, and expects further gains in 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 strong order book visibility and improved leverage. Diversification and new business segments, including consumer electronics and aerospace, are driving future growth, while margin improvement is expected in H2 as costs normalize.
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Revenue grew 29% year-over-year to INR 28,900 crore, with EBITDA up 44% and PAT up 65%. Margin accretive acquisitions, diversification into non-automotive sectors, and disciplined capital allocation drove performance, while net leverage remained at 1.5x.