Motherson (MOTHERSUMI) Q4 25/26 earnings summary

Executive summary

• FY26 consolidated revenue reached INR 126,103.67 crore, up 11% YoY; Q4 revenue was INR 34,309 crore, up 17% YoY.

• Normalized PAT (concern share) rose 17% for FY26 and 66% in Q4; growth and profitability benefited from operational efficiencies, scale and improved business mix.

• Booked business reached USD 96 billion, supporting Vision 2030; audited standalone and consolidated results received unmodified auditor opinions.

• Final dividend of INR 0.25 per share was recommended, taking the FY26 total to INR 0.60 per share.

Financial highlights

• Q4 revenue was INR 34,309 crore, up 17% YoY; EBITDA grew 42% to INR 3,805 crore and normalized PAT (concern share) rose 66% to INR 1,674 crore.

• FY26 normalized PAT (concern share) was INR 4,258 crore, up 17%; reported consolidated net profit attributable to owners was INR 4,085.55 crore.

• Consolidated EBITDA margin was 9.5% for FY26 versus 9.6% in FY25; Q4 margin improved to 11.1% from 9.1%.

• Audited FY26 EBITDA was INR 14,471.58 crore, compared with INR 12,032.63 crore in FY25.

• FY26 gross revenue was USD 22.9 billion; FY25 was restated at USD 21.2 billion for comparability.

Outlook and guidance

• FY27 capex guidance is INR 6,000 crore, +/-10%; ~50% of FY26 capex was growth capex, with ~60% directed to non-auto businesses.

• European OEM launches, MPP’s pipeline and OEM restructuring actions are expected to support demand recovery; Integrated Assemblies’ FY27 program launches are expected to be 2x FY26.

• Consumer electronics capacity expansion and a 20%+ YoY increase in aerospace order book support growth visibility; the third consumer electronics facility is on track for Q3FY27 commissioning.

• Vision 2030 targets USD 108 billion in gross revenues and a dividend payout ratio of up to 40%.