Motherson Sumi Wiring India Reports 18.8% Revenue Growth in Q2
Motherson Sumi Wiring India Limited (MSWIL) announced Q2 FY2026 results with revenue from operations at Rs. 2,761.86 crores, up 18.8% year-on-year. Net profit increased by 8.7% to Rs. 165.34 crores, while EBITDA grew 12.1% to Rs. 280.49 crores. The company outpaced the passenger vehicle industry growth, driven by premiumization, volume growth, and new model launches. EV segment contributed 6.7% to overall revenue. MSWIL's expansion plans are progressing with one Greenfield project operational and others ramping up. The company maintains a debt-free status with Rs. 63.34 crores in cash and bank balances.
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Motherson Sumi Wiring India Limited (MSWIL) has announced its financial results for the second quarter, showcasing robust growth and strong performance in the automotive wiring harness segment.
Key Financial Highlights
| Particulars (in Rs. Crores) | Q2 FY2026 | Q2 FY2025 | YoY Growth |
|---|---|---|---|
| Revenue from Operations | 2,761.86 | 2,325.64 | 18.8% |
| Net Profit | 165.34 | 152.08 | 8.7% |
| EBITDA | 280.49 | 250.30 | 12.1% |
Revenue Growth and Performance
MSWIL reported a significant year-on-year revenue growth of 18.8% for Q2, with total revenue from operations reaching Rs. 2,761.86 crores compared to Rs. 2,325.64 crores in the same quarter last year. This growth substantially outpaced the passenger vehicle industry's growth of 4% year-on-year, highlighting MSWIL's strong market position and execution capabilities.
The company's performance was driven by increased premiumization, volume growth, and its presence in new model launches. Notably, the Electric Vehicle (EV) segment contributed 6.7% to the overall revenue for Q2, indicating MSWIL's growing footprint in the emerging EV market.
Profitability and Operational Efficiency
Net profit for the quarter stood at Rs. 165.34 crores, marking an 8.7% increase from Rs. 152.08 crores in Q2 of the previous year. The company's EBITDA grew by 12.1% to Rs. 280.49 crores, reflecting improved operational efficiency despite challenges in the global supply chain and inflationary pressures.
Strategic Expansions and Future Outlook
MSWIL has made significant progress in its expansion plans:
- One of the three Greenfield projects has successfully commenced operations as per schedule, with production ramping up in the coming quarters.
- The Kharkhauda (Haryana) facility, focused on ICE (Internal Combustion Engine) vehicles, became operational in Q2 and is progressing as planned.
- The Pune facility for EV and ICE vehicles is operational and in the ramping-up stage.
These strategic expansions are expected to drive future growth and strengthen MSWIL's market position in both traditional and electric vehicle segments.
Financial Position
MSWIL continues to maintain a strong financial position with a debt-free status, excluding lease liabilities. As of September 30, the company reported cash and bank balances of Rs. 63.34 crores.
Management Commentary
Mr. Vivek Chaand Sehgal, Chairman of Motherson Sumi Wiring India Ltd., commented on the results: "We are proud to report robust performance during Q2 for MSWIL. Our ability to consistently outperform the industry is a testament to the trust our customers place in us and the dedication of our teams. The ramp-up of our Greenfield projects is underway and is aligned with the ICE and EV program ramp-up plans of our customers. We remain focused on delivering sustainable value to all stakeholders while maintaining our strong financial discipline and debt-free status."
The company's strong performance in Q2, coupled with its strategic expansions and focus on both ICE and EV segments, positions MSWIL well for sustained growth in the evolving automotive industry landscape.
Historical Stock Returns for Motherson Sumi Wiring
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| +1.20% | -2.90% | -3.02% | +19.10% | +8.37% | +56.64% |
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