Motherson (MOTHERSUMI) Q3 25/26 earnings summary

Executive summary

• Achieved record quarterly revenue of INR 31,409 crores in Q3 FY26, up 14% year-on-year, driven by organic growth, M&A integration, and favorable forex.

• EBITDA for Q3 FY26 was INR 3,042 crores, up 10% year-on-year, with normalized PAT at INR 1,061 crores, reflecting operational improvements and lower finance costs.

• Net profit for Q3 FY26 stood at INR 1,072.27 crores, compared to INR 984.35 crores in Q3 FY25.

• Operational improvements in Central & Western Europe and strong contributions from JVs and associates supported profitability.

• Announced two new greenfield projects, bringing the total to 12 under development, supporting future growth in emerging markets.

Financial highlights

• Q3 FY26 revenue reached INR 31,409 crores, up 14% year-on-year, with 9MFY26 revenue at INR 91,794 crores.

• EBITDA margin stood at 9.7% in Q3 FY26, compared to 10.0% in Q3 FY25.

• Normalized PAT reached INR 1,061 crores, up 21% year-on-year.

• Consumer electronics segment posted 75% quarter-on-quarter revenue growth and 41% year-on-year growth; aerospace also grew over 40% year-on-year.

• Operating margin for Q3 FY26 was 5.3%, slightly down from 5.5% in Q3 FY25; net profit margin was 3.4% versus 3.6% year-on-year.

Outlook and guidance

• Organic growth expected to accelerate with ramp-up in consumer electronics and aerospace businesses.

• Majority of greenfield plants to come online by H2 FY27, expected to drive further revenue and margin expansion.

• CapEx guidance for FY26 remains at INR 6,000 crore plus 10%, with final numbers to be updated in the next quarter.

• The company continues to monitor the impact of new Labour Codes and cost optimization measures.

• Recently announced M&As are likely to close in H1FY27, supporting future growth.