Motherson (MOTHERSUMI) Q1 26/27 earnings summary

Executive summary

• Achieved highest-ever quarterly revenue of Rs 35,244 crore in Q1 FY27, up 17% year-on-year, with broad-based growth across core and emerging businesses.

• EBITDA rose 26% year-on-year to Rs 3,104 crore, with margin improvement despite significant input cost pressures.

• Normalized PAT increased 55% year-on-year to Rs 1,032 crore, while reported PAT and net profit more than doubled year-on-year.

• Strategic acquisitions and capacity expansions, including Nexans Autoelectric, Yutaka Giken, and Nissin Advanced Coating Indo Co., supported growth and broadened technology offerings.

Financial highlights

• Revenue reached Rs 35,244 crore, up 17% year-on-year, led by Wiring Harness (31% YoY growth), consumer electronics, and aerospace (20%+ YoY growth).

• EBITDA margin improved to 8.8% from 8.2% year-on-year; EBITDA growth outpaced revenue.

• Normalized PAT up 55% YoY to Rs 1,032 crore; reported PAT up 102% YoY after base normalization.

• CapEx for Q1 FY27 at Rs 1,614 crore, in line with annual guidance.

• Operating margin improved to 4.8% from 3.9% year-over-year.

Outlook and guidance

• Favorable outlook for FY27, supported by planned European OEM launches and North American commercial vehicle recovery.

• CapEx guidance for FY27 set at Rs 6,000 crore ±10%.

• Consumer electronics ramp-up expected to show meaningful impact in the next two quarters.

• Continued focus on operational efficiencies and cost optimization to offset commodity cost pressures.

• Recent acquisitions expected to contribute to future growth, though their financials are not yet consolidated.