Motherson Sumi Wiring India Limited (MSWIL) delivered strong revenue growth, reported revenues of Rs. 2,326 crores for Q2FY25 with 10% growth on a YoY basis.
Mumbai– 08th November 2024 – Motherson Sumi Wiring India Limited (MSWIL) today announced its financial results for the fiscal year 2024-25 second quarter, which ended on 30th September 2024.
Mr. Vivek Chaand Sehgal, Chairman, Motherson Sumi Wiring India Ltd., said,
"The company has made significant progress this quarter, showcasing a solid performance. With the invaluable support of our customers and the dedication of our team, we have surpassed industry growth. We are committed to our expansion plans that prioritise our customers' needs, while actively exploring new opportunities within the evolving automotive landscape across all powertrains. As we move forward, we will continue to enhance our operational efficiencies and further develop our manufacturing expertise, ensuring sustainable growth and innovation."
Key Highlights
• Strong revenue growth during Q2FY25 of 10.3%, surpassing industry growth; mainly led by higher content.
• Expanding capacities to execute new customer orders with two Greenfields, additional costs being incurred during the ramp-up phase.
• Maintained the status of a debt-free company.
Financial Performance
|
Q2FY25 |
INR Crores |
Change on YoY basis |
|
Revenues |
2,326 |
+10.3% |
|
EBITDA |
250 |
-1.2% |
|
PAT |
152 |
-2.6% |
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 (SAMILand 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
For any media query on Motherson Sumi Wiring India Limited (MSWIL), please contact:
Anurag Gahlot Mahender Chhabra
COO CFO
Motherson Sumi Wiring India Limited (MSWIL) Motherson Sumi Wiring India Limited (MSWIL)
Rahul Deep Aabhas Pandya
Head – MARCOM (India), Motherson Adfactors PR Pvt. Ltd.
Phone: +91 99100 85201 Phone +91 98112 96079
Rahul.deep@motherson.com motherson@adfactorspr.com
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