Motherson (MOTHERSUMI) Q4 24/25 earnings summary

Executive summary

• Achieved record revenues and profitability for FY2025, with consolidated revenue reaching INR 113,663 crore and PAT of INR 4,145.70 crore, outpacing industry growth rates despite challenging production environments.

• Business model diversification, global-local strategy, and strong non-automotive traction supported resilience and sustainable growth.

• Greenfield plants are being set up to support top customers, with a mix of EV and ICE vehicle production.

• The Board recommended a 1:2 bonus share issue and declared interim and final dividends for FY 2024-25.

• Company supplies wiring harnesses to the top nine customers of the best-selling four-wheelers in India.

Financial highlights

• FY25 revenue grew 15% year-over-year to INR 113,663 crore; EBITDA rose 17% to INR 13,103.02 crore; PAT increased 40% to INR 4,145.70 crore.

• Q4FY25 revenue was INR 29,317 crore, up from INR 27,058 crore in Q4FY24; Q4FY25 PAT was INR 1,051 crore.

• Gross revenue for FY25 was INR 178,999 crore, with economic revenue (including JVs) at INR 128,945 crore.

• FY25 includes INR 8,571 crore in revenue from newly acquired assets.

• Greenfield plant revenue contribution was INR 119 crore.

Outlook and guidance

• Capex guidance for FY26 is INR 6,000 crore (+/- 10%), with focus on growth in emerging markets and non-auto businesses.

• Full ramp-up of three new greenfield plants expected by H2 FY2026, targeting annualized sales of INR 2,100 crore.

• Nine new greenfield projects expected to come onstream in FY26, supporting capacity expansion and vertical integration.

• CapEx for FY2026 projected at approximately INR 200 crore for specific projects.

• Employee additions for new plants will be staggered as production scales up.