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Motherson (MOTHERSUMI) investor relations material
Motherson Q2 26/27 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Executive summary
Record Q2FY27 revenue was ₹38,279.85 crore, up 27% YoY; H1 revenue was ₹73,523.62 crore, up 22%.
Normalized PAT rose 37% YoY to ₹1,175 crore in Q2 and 45% to ₹2,207 crore in H1.
Booked business reached a record $106 billion as of September 30, 2026, excluding Consumer Electronics.
Growth reflected acquisitions and wiring harness performance; integration and input costs pressured reported margins, while efficiencies and cost optimization provided support.
Financial highlights
Q2 EBITDA rose 23% YoY to ₹3,353 crore; margin was 8.8% versus 9.0% in Q2FY26.
H1 EBITDA increased 25% to ₹6,457 crore; margin improved to 8.8% from 8.6%.
Consolidated profit for the period was ₹1,217.57 crore in Q2, versus ₹845.63 crore YoY; H1 profit was ₹2,293.23 crore, versus ₹1,451.72 crore.
Q2 consolidated operating margin was 5.0% versus 4.5% YoY; net profit margin was 3.2% versus 2.8%.
Standalone Q2 revenue was ₹4,040.89 crore versus ₹2,954.08 crore YoY; standalone profit was ₹451.38 crore versus ₹731.80 crore.
Outlook and guidance
FY27 CapEx guidance remains ₹6,000 crore, +/-10%; management indicated an approximate 50/50 split between growth and regular CapEx.
Strong commercial-vehicle momentum was expected to continue into H2FY27; new light-vehicle launches are expected to support FY28 growth.
Wiring harness momentum, acquisition synergies, cost pass-throughs, integrated-assembly programs, customer additions and geographic expansion are expected to support growth.
GF3 commercial production is scheduled for Q4FY27; full capacity is expected by next year following ramp-up.
No margin guidance was provided; commodity pass-through timing varies by customer and product, typically lagging three months and sometimes six.
- Record Q1 FY27 revenue and profit growth, with margin gains despite input cost pressures.MOTHERSUMI
Q1 26/27 - Record FY26 revenue, 0.8x leverage and USD 96 billion booked business support growth.MOTHERSUMI
Q4 25/26 - Q3 FY26 saw record revenue, profit growth, and strong segment performance with improved ratios.MOTHERSUMI
Q3 25/26 - Q2 FY26 saw strong revenue and profit growth, improved leverage, and robust segment performance.MOTHERSUMI
Q2 25/26 - Q1 FY26 revenue hit ₹30,212 crore, but profit and margins declined amid restructuring.MOTHERSUMI
Q1 25/26 - Q2 FY25 delivered 18% revenue growth and 66% normalized PAT growth, with strong deleveraging and expansion focus.MOTHERSUMI
Q2 24/25 - Q1 FY25 revenue up 29% YoY, profit surged, driven by M&A, diversification, and strong margins.MOTHERSUMI
Q1 24/25 - Record revenue and profit growth, major acquisition, and robust greenfield expansion plans.MOTHERSUMI
Q4 24/25 - Q3 FY25 delivered strong growth, improved leverage, and expansion in new business segments.MOTHERSUMI
Q3 24/25
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