Motherson International reports strong Q2, H1 FY'26 results

SAMIL achieved revenues of Rs. 30,173 crores and an EBITDA of Rs. 2,719 crores for Q2 FY'26, with normalised PAT reaching Rs. 856 crores. This represents an 8.5% year-on-year revenue growth, outperforming the industry. The company recorded double-digit growth across normalised EBITDA and PAT compared to the previous year. The polymer business saw a profitability increase from 6.4% to 7.4% sequentially, despite the quarter being seasonally weak for Europe.

The company's order book stands at $87.2 bn as of September 2025. Consumer electronics and aerospace businesses show strong momentum, with booked business in these segments now at $3 bn, up from $2.7 bn in March 2025. Aerospace business delivered a 37% revenue growth in H1 FY'26 year-on-year. SAMIL spent approximately Rs. 2,600 crores on CAPEX in the first half, with two new greenfield facilities operationalised and 10 more under various stages of completion, mostly expected by FY'27.

The net effective debt to EBITDA ratio remained stable at 1.1x at the end of Q2 FY'26, with an expectation to reach around 0.9 by year-end. ROCE was 14.2% as of September 2025. The company anticipates further acceleration of improvements in performance during the second half of the year, particularly in the modules in the polymer business division.