Motherson Sumi Wiring India Limited (MSWIL) reported its financial results for the first quarter of the fiscal year 2024-25, which concluded on 30th June 2024.
In the first quarter of FY25, Motherson Sumi Wiring India Limited (MSWIL) reported revenues of ₹2,185 crore, marking a 17% year-over-year growth. The EBITDA stood at ₹239 crore, up by 15%, and the PAT reached ₹149 crore, reflecting a 21% increase compared to the previous year.
Motherson Sumi Wiring India (MSWIL) experienced strong year-over-year revenue growth, driven primarily by increased volumes and enhanced content due to automotive megatrends. The company’s performance remained robust despite the temporary impact of higher raw material prices and start-up costs, which were mitigated through operational efficiencies.
One of the 2 greenfield plants began operations in July 2024 and is currently ramping up, while the second plant is expected to commence by the first quarter of FY26. MSWIL is integral to India’s top-selling passenger vehicles, both electric and internal combustion engine (ICE) models, with electric vehicle (EV) revenue growing by 50% year-over-year. The company continues to focus on financial prudence, maintaining its debt-free status.
Mr Vivek Chaand Sehgal, Chairman of Motherson Sumi Wiring India Ltd, said, “The company has demonstrated a good performance. Our unwavering commitment to maintaining customers’ trust has been the driving force behind our success. It is through our relentless dedication to pushing the boundaries and delivering exceptional value to our stakeholders that we have been able to deliver such performance consistently. The company remains committed to understanding and staying aligned with industry trends and proactively adapting to the dynamic environment.”
Motherson Sumi Wiring India Limited (MSWIL) is a prominent and rapidly growing provider of comprehensive system solutions for OEMs in India’s wiring harness sector. A joint venture between Samvardhana Motherson International Limited (SAMIL) and Sumitomo Wiring Systems, Ltd. (SWS), MSWIL is equipped to address customer needs throughout the supply chain. This includes initial product design and validation, tool design and manufacturing, finishing, processing, assembly, and the production of advanced electrical and electronic distribution systems for power supply and data transfer across vehicles.
On August 06, 2024, Motherson Sumi Wiring India Limited’s share price opened at ₹71.88, touching the day’s high at ₹73.32 at 10:08 AM on the NSE.
Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. It is based on several secondary sources on the internet and is subject to changes. Please consult an expert before making related decisions.
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