Samvardhana Motherson International Limited has submitted with the exchange transcript of earning call for the quarter ended June 30, 2025.
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Samvardhana Motherson International reported its highest-ever quarterly revenue of INR 30,200 crores in Q1 FY26, up 5% year-on-year, with EBITDA of INR 2,466 crores and normalized PAT of INR 667 crores. Management called Q1 a 'work in progress' quarter, with margins under transitory pressure from European structural issues, tariff costs, greenfield start-up costs, and forex volatility. The company booked INR 136 crores in exceptional provisions for a European restructuring programme aimed at delivering EUR 50 million in cost savings. Capex for the quarter stood at INR 1,200 crores, with full-year guidance of INR 6,000 crores plus/minus 10%. Net debt-to-EBITDA rose slightly to 1.1x due to working capital build-up and a INR 600 crore forex translation impact. Management is targeting a sharp $108 billion revenue milestone (4x the previous target) and signalled strong acquisition intent, with an investor conference scheduled for September 5 in Mumbai.
Near-term margins may remain soft, but management has explicitly guided that Q1 should mark the trough and H2 FY26 should deliver meaningful improvement driven by European restructuring benefits, greenfield ramp-ups, and M&A integration. The new $108 billion revenue aspiration and active acquisition pipeline signal a long-term growth push, supported by a relatively healthy balance sheet (1.1x net debt/EBITDA).