Motherson Sumi Wiring India reports strong Q2, first half FY26 performance

Motherson Sumi Wiring India Limited (MSWIL) reported a 19% year-on-year revenue growth to INR 2,762 crores for Q2 FY26, outpacing the industry's 4% growth. Profit before tax (PBT) for Q2 FY26 stood at INR 221 crores, with profit for the period at INR 165.34 crores. For the first half of FY26, revenue increased 17% to INR 5,256 crores, with PBT at INR 411 crores and profit for the period at INR 308.44 crores.

The company's Greenfield projects are progressing, with one facility commencing production in Q2 FY26. Other projects, including EV and EV+ICE powertrains in Navagam and Pune, are in ramping-up stages, with one EV+ICE SOP delayed to Q4 FY26. MSWIL maintains a debt-free status, with Net Debt (including lease liabilities) at INR 190 crores as of September 30, 2025.

The board of directors approved the unaudited financial results on November 5, 2025. The company also confirmed a bonus share issuance of one equity share for every two held, which increased its paid-up share capital to INR 6,631,661,898.