Motherson Sumi Wiring India (MSUMI) Q3 25/26 earnings summary

Executive summary

• Delivered strong revenue and EBITDA growth year-on-year in Q3 FY26, with resilient performance despite commodity price pressures, particularly copper.

• Maintained a debt-free status, supported by robust cash flow and disciplined capital management, and increased EV revenue share to 5.8% in Q3 FY26.

• Unaudited financial results for Q3 and nine months ended December 31, 2025, were approved by the Board and reviewed by the Audit Committee.

Financial highlights

• Q3 FY26 revenue rose 25.5% YoY to ₹2,887 crore; EBITDA up 10.5% YoY to ₹263 crore; PAT increased 6.4% YoY to ₹149 crore.

• For 9M FY26, revenue grew 19.6% YoY to ₹8,143 crore; EBITDA up 8.4% YoY to ₹787 crore; PAT up 3.9% YoY to ₹458 crore.

• EBITDA margin for Q3 FY26 was 11.3%, and for 9M FY26 was 11.9%.

• Copper inflation impacted margins by approximately 1.9%-2% in the quarter.

• Basic and diluted EPS for Q3 FY26 were ₹0.23, adjusted for the bonus issue.

Outlook and guidance

• Greenfield plants are ramping up as planned, with optimal utilization and margin improvement expected in the next 2-3 quarters, though some locations experienced delayed or lower-than-expected customer volumes.

• CapEx for FY26 projected at INR 220 crore, with INR 150 crore already incurred; next year's CapEx under discussion.

• Ongoing ramp-up of EV and ICE programs, with volumes expected to improve gradually.