Motherson Sumi Wiring India (MSUMI) Q4 23/24 earnings summary

Executive summary

• Achieved record revenue of INR 83,282 million in FY 2023-24, up 17.8% year-over-year, with net profit rising 31.1% to INR 6,383 million and EBITDA up 27% to INR 10,133 million.

• ROCE reached 48%, maintaining strong capital efficiency; company remains debt-free with robust operating cash flows and positive net cash position.

• Dividend payout ratio at 55% of profits, with a proposed dividend of INR 0.80 per share for FY 2023-24.

Financial highlights

• Revenue from operations grew to INR 83,282 million from INR 70,680 million year-over-year.

• PAT increased to INR 6,383 million from INR 4,870 million; EPS rose to INR 1.44 from INR 1.10.

• EBITDA margin improved to 12.2%; operating profit margin at 10.4%.

• Dividend payout of INR 2,874 million; proposed dividend of INR 3,537 million for FY 2023-24.

Outlook and guidance

• Company expects continued growth driven by premiumisation, electrification, and increased content per vehicle.

• Ongoing investments in capacity expansion, automation, and R&D for EV and hybrid solutions.

• Indian automotive market projected to remain robust, with strong demand in passenger and two-wheeler segments.