Motherson Sumi Wiring India Ltd Q3 FY25 Results & Concall Highlights: Revenue, Margins & Order Book
Published 5 Aug 2026 | Auto Components | Market Cap: ₹27.2K Cr
The three new Greenfield plants (Pune, Navagam, Kharkhoda) are expected to cumulatively drive an annual revenue boost of approximately INR 2,100 crores, marking about 25% growth over FY24 revenues. The company is experiencing strong growth, outpacing the Indian passenger vehicle market by approximately 6%, supported by new product launches and increased content per vehicle.
From Motherson Sumi Wiring India Ltd's Q3 FY25 earnings-call transcript · updated 23 Aug 2026.
Price
₹38.4
Market Cap
₹27.2K Cr
P/E Ratio
43.3
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Motherson Sumi Wiring India Ltd — Quarterly revenue & net profit
Reported quarterly figures (₹ Cr). Latest: revenue ₹3.3K Cr, net profit ₹167 Cr.
Full financials →📊 Revenue & Sales Performance
- →The three new Greenfield plants (Pune, Navagam, Kharkhoda) are expected to cumulatively drive an annual revenue boost of approximately INR 2,100 crores, marking about 25% growth over FY24 revenues.
- →These plants are ramping up at different stages: Pune is ramping up currently, while Navagam and Kharkhoda are set to start production in the second half of FY26.
- →The new plants focus on new age EV and ICE vehicles with marquee OEMs such as Maruti Suzuki, Mahindra, and Tata Motors.
- →MSWIL's growth is outpacing the industry by approximately 6%, attributed to favorable product portfolio and increased content per vehicle.
- →EV segment high voltage wiring harness revenue contributes about 3-4% currently, expected to increase with new plants.
- →The company anticipates normalization of startup costs by Q2-Q3 FY26, implying stabilization and growth in profitability alongside increased volumes.
📈 Profitability & Margins
- →The company is experiencing strong growth, outpacing the Indian passenger vehicle market by approximately 6%, supported by new product launches and increased content per vehicle.
- →Three new greenfield plants are progressing, expected to add about INR 2,100 crores in annual revenue, which could boost revenues by approximately 25% over FY24.
- →Initial startup costs of about INR 40 crores EBITDA impact from these new plants are expected to normalize by Q2-Q3 FY26.
- →EBITDA excluding the Greenfields grew by 6.1% year-on-year in Q3, indicating improving profitability in core operations.
- →Revenue from EV segment high voltage wiring harness is about 3-4% currently, with growing focus on localization and expanding EV portfolio.
- →The company expects continued demand for its products in new age vehicles and stable customer relationships supporting future earnings growth.
- →Management remains cautious about quantifying market share but remains confident about substantial growth prospects in coming months.
🏗️ Capital Expenditure Plans
- →Current CAPEX guidance for the year remains approximately INR 200 crores, with about INR 133 crores already spent in the first 9 months.
- →Three new plants have been established in Pune, Gujarat (Navagam), and Kharkhoda, with individual plant CAPEX of roughly INR 40 to 60 crores (excluding land/building costs).
- →Total CAPEX for these 3 plants combined is estimated around INR 150 to 180 crores.
- →These new Greenfield plants are expected to drive annual revenue growth of approximately INR 2,100 crores.
- →The plants are in different ramp-up stages, with Pune ramping up and Navagam and Kharkhoda expected to be operational by H2 FY26.
- →Ongoing conversations with customers include sharing some startup/expansion costs.
- →The company continues strategic investments to cater to new age EV and ICE vehicles with higher localisation and advanced technologies.
💰 Fundraising & Capital Structure
📋 Order Book & Pipeline
- →The three new greenfield plants (Pune, Navagam, Kharkhoda) collectively have an expected annual revenue potential of approximately INR 2,100 crores based on customer forecasts.
- →These plants will significantly contribute to a roughly 25% growth over FY24 revenues.
- →The orderbook includes marquee OEMs such as Maruti Suzuki, Mahindra, Tata Motors, covering both EV and ICE platforms, exclusively for new models.
- →The company is well entrenched with new age vehicles and remains a preferred supplier.
- →Start of commercial production and ramp-ups are staggered, with Pune ramping up currently and other plants expected to be operational in H2 FY26.
- →The company continues conversations with customers regarding cost-sharing on expansion-related startup costs.
Key Metrics
Frequently Asked Questions
What were Motherson Sumi Wiring India Ltd Q3 FY25 results?
The three new Greenfield plants (Pune, Navagam, Kharkhoda) are expected to cumulatively drive an annual revenue boost of approximately INR 2,100 crores, marking about 25% growth over FY24 revenues. The company is experiencing strong growth, outpacing the Indian passenger vehicle market by approximately 6%, supported by new product launches and increased content per vehicle.
What is Motherson Sumi Wiring India Ltd share price analysis?
Motherson Sumi Wiring India Ltd currently shows a neutral. The stock trades at a P/E of 43.3 with a market cap of ₹27,170 Cr. Investors should review the full earnings analysis for detailed insights.
Is Motherson Sumi Wiring India Ltd planning capital expenditure?
Current CAPEX guidance for the year remains approximately INR 200 crores, with about INR 133 crores already spent in the first 9 months.
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This analysis is AI-generated based on publicly available earnings data and concall transcripts. This is not investment advice. Please consult a SEBI-registered advisor before making investment decisions.