Motherson Sumi Wiring India (MSUMI) Q1 25/26 earnings summary

Executive summary

• Revenue grew 14% year-over-year in Q1 FY26, outpacing the industry growth of 3% and reflecting strong content growth and new model launches.

• Profitability excluding Greenfield projects remained stable, with further improvement expected as Greenfields ramp up.

• Unaudited financial results for the quarter ended June 30, 2025, were approved by the Board on July 28, 2025.

• Financials prepared in accordance with Indian Accounting Standards and SEBI regulations.

Financial highlights

• Q1 FY26 revenue reached ₹2,494 crore, up from ₹2,185 crore in Q1 FY25.

• EBITDA for Q1 FY26 was ₹244 crore, compared to ₹239 crore in Q1 FY25.

• PAT for Q1 FY26 stood at ₹143 crore, down from ₹149 crore in Q1 FY25.

• Greenfield-related net startup costs increased to ₹31 crore in Q1 FY26 from ₹17 crore in Q1 FY25.

• Basic and diluted EPS for Q1 FY26 were ₹0.22, adjusted for a recent bonus issue.

Outlook and guidance

• Greenfield facilities are expected to further ramp up production in upcoming quarters, supporting future profitability.

• One Greenfield's SOP was delayed to Q4 FY26 due to customer launch delays, while others remain on track.

• Board approved a bonus share issue (1:2), effective post-shareholder approval on July 7, 2025.