Motherson Sumi Wiring achieves best-ever quarterly revenue, strong growth

Motherson Sumi Wiring India Limited (MSWIL) reported its best-ever quarterly performance for the second quarter and half year ended September 30, 2025. The company achieved revenues of Rs 2,762 crores, with new Greenfields contributing approximately Rs 190 crores. EBITDA for the quarter stood at Rs 280 crores, marking a 12% year-on-year growth, significantly surpassing industry benchmarks. This performance reflects a strong volume content mix, complemented by the company's presence across the majority of new OEM models launched. Most of MSWIL's upcoming Greenfields are currently in the ramp-up phase, aligning with evolving customer requirements.

The company noted that Greenfield utilization reached 36%, an improvement from previous quarters, with full utilization expected to reach 70%-80% depending on customer volumes and new product launches. While copper prices increased 5% quarter-on-quarter and 13% year-on-year, impacting raw material costs, the company has contractual commitments with customers to compensate for such increases, typically with a quarterly lag. The EV share in the company's product mix has increased from 4% to 7% over the last couple of quarters, with continued growth anticipated.

The company’s CAPEX guidance for the current year is around 210 crores, with next year’s CAPEX depending on customer requirements. Employee additions, particularly for shop floor personnel, are expected to grow in line with increasing volumes. MSWIL remains focused on return on capital employed, continuously striving for efficiency improvements across its diverse product offerings and new plant setups.