Motherson Sumi Wiring India Limited (MSWIL) delivered a robust performance, reported revenues of Rs. 2,185 crores and PAT of Rs. 149 crores for Q1FY25.
Mumbai, 5th August 2024 – Motherson Sumi Wiring India Limited (MSWIL) today announced its financial results for the fiscal 2024-25 first quarter, which ended on 30th June 2024.
Mr. Vivek Chaand Sehgal, Chairman, Motherson Sumi Wiring India Ltd., said,
“The company has demonstrated a good performance. Our unwavering commitment to maintaining customers' trust has been the driving force behind our success. It is through our relentless dedication to pushing the boundaries and delivering exceptional value to our stakeholders that we have been able to consistently deliver such performance. The company remains committed to understanding and staying aligned with industry trends and proactively adapting to the dynamic environment.”
Key Highlights
· Strong Revenue growth YoY is mainly supported by increased volumes and content on account of automotive megatrends.
· Performance remained resilient despite the transitory impact of higher raw material prices and start-up costs mitigated with operational efficiencies.
· Of the two green fields, one plant commenced operations in July 24 and is in the ramp-up phase. The second plant is expected to come on stream by Q1FY26.
· MSWIL is part of India’s top-selling passenger vehicles (EV and ICE) and EV 2W models. The EV revenue grew by 50% year over year.
· Consistent focus on financial prudence; maintaining Debt-Free Status
Financial Performance
|
Q1FY25 |
INR Crores |
Growth on YoY basis |
|
Revenues |
2,185 |
+17% |
|
EBITDA |
239 |
+15% |
|
PAT |
149 |
+21% |
Motherson Sumi Wiring India Limited (MSWIL)
Motherson Sumi Wiring India Limited (MSWIL) is a leading and fast-growing full-system solutions provider to OEMs in the wiring harness segment in India. Motherson Sumi Wiring India is a joint venture between Samvardhana Motherson International Limited (SAMIL) [Formerly Motherson Sumi Systems Limited] and Sumitomo Wiring Systems, Ltd. (SWS). The company is prepared to meet the customer needs at every stage of the supply chain, from initial product design and validation to tool design and manufacturing, finishing, processing, assembly, and finally, production of integrated cutting- edge Electrical and electronic Distribution Systems for the power supply or data transfer across vehicles. Motherson Sumi Wiring India Limited has a product profile that benefits from favourable industry trends of premiumisation, which leads to an increase in automobile electrification and supports current and future automotive trends. (CIN - L29306MH2020PLC341326) www.mswil.motherson.com
