Motherson (MOTHERSUMI) Q2 25/26 earnings summary

Executive summary

• Strong operating performance across all business divisions, with revenue growth outpacing the industry, supported by content expansion, M&A activity, and transformative measures, especially in Europe.

• Early milestones achieved in industry-agnostic capabilities, with momentum in aerospace and consumer electronics, and empanelment as Tier-1 with Airbus.

• Order book stands at USD 87.2 billion as of September 2025, with robust customer trust and non-auto booked business increasing to USD 3.0 billion.

• Net profit for Q2 FY26 stood at ₹1,237.01 crore, with H1 FY26 net profit at ₹2,108.85 crore, both showing strong year-over-year growth.

• Bonus shares were issued in July 2025, increasing paid-up capital to ₹1,055 crore.

Financial highlights

• Q2 FY26 revenue at ₹30,172.97 crore, EBITDA at ₹2,719.21 crore, and normalized PAT at ₹856 crore, with revenue up 8.5% year-on-year.

• H1 FY26 revenue reached ₹60,384.97 crore, EBITDA at ₹5,185.06 crore, and normalized PAT at ₹2,011 crore.

• Booked business in consumer electronics and aerospace reached $3 billion, up from $2.7 billion in March 2025.

• Capex for Q2 FY26 was ₹1,445 crore (53% of EBITDA), with total H1 FY26 capex at ₹2,653 crore.

• Net profit attributable to owners for Q2 FY26 was ₹827 crore, and for H1 FY26 was ₹1,338.84 crore.

Outlook and guidance

• Anticipates further acceleration in performance in H2 FY26, especially in modules and polymer divisions, with growth capex set to accelerate and full-year guidance at over ₹6,000 crore plus 10%.

• Vision 2030 targets gross revenues of USD 108 billion by FY30 and group ROCE of 40%, with no single country, customer, or component contributing more than 10% of revenues.

• Global light vehicle production forecast revised upward to over 90 million units for the year.

• Management continues to focus on cost optimization, especially in European operations, with restructuring expenses recognized as exceptional items.

• Gradual improvement in global trade dynamics is expected, though uncertainties remain.