4 days ago
Motherson Sumi Wiring's revenue rises 14% to ₹2,496 crore in Q1 FY26
Motherson Sumi Wiring India Limited
(MSWIL) reported a 14 per cent year-on-year increase in its revenue for the April–June quarter (Q1) to ₹2,494 crore.
The company's performance significantly outpaced the domestic passenger vehicle industry's growth of 3 per cent during the quarter, driven by higher content per vehicle and presence in new model launches, the company's official statement said.
Its net profit stood at ₹143 crore compared to ₹149 crore in the same period last year, reflecting a drop of 4 per cent, while EBITDA came in at ₹244 crore, up 2 per cent from ₹239 crore in Q1 FY25. Excluding the impact of ongoing ramp-up costs at new Greenfield facilities, EBITDA margin remained stable at 11.7 per cent.
During the quarter, one of the company's new Greenfield facilities commenced production, and is expected to ramp up further in the coming months.
Chairman
Vivek Chaand Sehgal
said, 'The company has delivered a robust year-on-year revenue growth, significantly outpacing the industry's expansion. This reflects our competitiveness and strong relationship with customers, which has enabled us to be present in their key existing and new model launches.'
The share of electric vehicle (EV)-related revenue increased to 5.4 per cent in Q1 FY26, reflecting growing traction in the EV segment.
