India · Delayed Price · Currency is INR Motherson Sumi Wiring India Earnings Call Transcripts
Fiscal Year 2026
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Annual revenue surpassed INR 10,000 crores for the first time, driven by 33% year-over-year growth and strong greenfield ramp-up. Gross margin was temporarily compressed by higher copper prices, but pass-through mechanisms and robust demand position the company for continued growth and margin normalization.
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Strong year-on-year growth in revenue, EBITDA, and profitability was achieved in Q3 FY26, despite copper price inflation impacting margins. Greenfield plants are ramping up, with optimal utilization and margin improvement expected in the next 2-3 quarters. Debt-free status and robust cash flow were maintained.
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Record quarterly revenue and EBITDA growth driven by strong OEM launches and greenfield ramp-up. Greenfield utilization and margins are set to improve as volumes rise, with EV share in the mix increasing and CAPEX for FY2026 set at INR 210 crore.
Fiscal Year 2025
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Achieved record revenues for FY2025 with 12% growth, driven by greenfield expansion and strong customer alignment. Greenfield plants are ramping up, with full utilization and INR 2,100 crore annualized sales expected in H2 FY2026. Gross margins dipped due to product mix and copper price lag.
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Q3 FY25 revenue reached INR 2,300 crores, with greenfield plants contributing INR 80 crores and startup costs impacting EBITDA by INR 40 crores. New facilities are expected to add INR 2,100 crores in annual revenue by H2 2026, and the company remains debt-free.
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Q2 FY25 revenue grew 10% year-on-year to INR 2,326 crores, with EBITDA at INR 250 crores and a 120 bps margin decline due to ramp-up costs at new plants. EV revenue share reached 4.1%, and the company remains net debt free with a 40% ROC.
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Revenue grew 17% YoY to INR 2,185 crores, with EBITDA up 15% and strong EV/hybrid momentum. Startup costs for new plants impacted expenses, but the company remains debt-free and expects industry volumes to double in 3–5 years.