Motherson Sumi Wiring India (MSUMI) Q4 24/25 earnings summary

Executive summary

• Achieved record quarterly and annual revenues and EBITDA for FY2025, outpacing industry growth rates, with audited results confirmed by an unmodified audit opinion.

• Greenfield plants are being set up to support top automotive customers, with one plant operational and two more on track for FY26 launches.

• Supplied wiring harnesses to 9 of the top 10 selling four-wheelers in India.

• EV segment contributed 4% of revenues, focused on high-voltage harnesses.

• Board approved quarterly and full-year results for FY2025, with a final dividend of INR 0.35 per share recommended.

Financial highlights

• FY25 revenue was ₹9,320.28 crore, up from ₹8,328.25 crore in FY24, with 12% YoY growth reported in some disclosures.

• Q4FY25 revenue was ₹2,510 crore, with EBITDA at ₹271 crore (reported) and adjusted EBITDA (ex-greenfields) at ₹297 crore.

• FY25 EBITDA at ₹997 crore (reported), adjusted EBITDA (ex-greenfields) at ₹1,119 crore.

• Net profit for FY25 stood at ₹605.86 crore, with Q4FY25 PAT at ₹165 crore.

• Greenfield plant revenue reached INR 119 crore, with 4% of total revenue from EV-related business.

Outlook and guidance

• Greenfield plants in Gujarat to commence production in Q1 and Q2 of FY2026, with optimal utilization expected in H2.

• Annualized sales from three new greenfields projected at INR 2,100 crore once fully ramped up.

• CapEx for FY2026 planned at approximately INR 200 crore.

• ROCE for FY25 at 42%, consistently above the 40% target.

• Board recommended a final dividend of INR 0.35 per share for FY25, subject to shareholder approval.