Motherson Sumi Wiring India Limited has informed the Exchange about Transcript
MSUMI · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
Motherson Sumi Wiring India (MSWIL) reported Q1 FY26 revenue of Rs. 2,494 crores, of which Rs. 156 crores came from new Greenfield plants. EBITDA stood at Rs. 244 crores, up 15% year-on-year, with management claiming the company outperformed the industry. Ex-Greenfield margins dipped from 12.5% to 11.8%, attributed to product mix changes. Staff costs rose sharply due to hiring and training for new plants ahead of deferred customer schedules. Management said Greenfield ramp-up (Navagam, Pune, Haryana) is delayed by rare-earth/magnet supply issues and deferred OEM projects, with breakeven still several quarters away. EV wiring content is about 1.5–1.7x that of ICE vehicles in passenger cars. CAPEX for FY26 is guided at around Rs. 200 crores.
Strong top-line growth is positive, but margin compression on ex-Greenfield business and ongoing Greenfield losses (~Rs. 30 crore drag) may pressure near-term profitability. Investors should watch Greenfield utilization improvement and clarity on rare-earth-related delays in coming quarters.