Motherson Wiring
Motherson Wiring Q4 FY26 earnings call: Revenue & Margins
Q4 FY26 earnings call: what management guided on revenue, margins and order book.
The short version
The company is bullish on the Indian automotive market and expects strong long-term growth despite short-term hiccups. The company is bullish on the Indian automotive market and expects strong growth over the long term.
From Motherson Wiring's Q4 FY26 earnings-call transcript · updated 23 Aug 2026.
Revenue & Sales Performance
- The company is bullish on the Indian automotive market and expects strong long-term growth despite short-term hiccups.
- Greenfield plants are anticipated to ramp up volumes gradually, targeting an annualized revenue run rate of around INR 2,000 crores across the three new plants.
- Current utilization rates: Kharkhoda (~80%), Navagam (~60%), Pune (~40-50%), with expectations of increased volumes over the next 1.5 to 2 quarters.
- The company plans to expand capacity backed by firm customer orders, focusing on diversifying customers, countries, vehicle segments (including 2-wheelers and commercial vehicles).
- Capex for FY27 is expected around INR 200 crores, including greenfield expansions, automation, and replacements.
2 more points management made on revenue & sales performance
Profitability & Margins
See what Motherson Wiring said on profitability & margins — free account, 30 seconds.
Capital Expenditure Plans
- Capex for FY '27 is guided to be approximately INR 200 crores, largely in line with the current year.
- The capex will be a combination of:
- Expansion of greenfield plants based on firm customer orders.
- Automation and digitization initiatives.
- Replacement capex at existing plants.
- Greenfield expansions are backed by firm customer commitments; no plants are built without orders.
- Start-up costs from greenfield plants have impacted profitability for nearly 2 years but will improve as volumes ramp up.
2 more points management made on capital expenditure plans
Top-ranked in Auto Components
Ranked on what management guided this quarter
Rank buckets describe management commentary on revenue and margin. Not investment advice, and not a forecast of returns.
Fundraising & Capital Structure
See what Motherson Wiring said on fundraising & capital structure — free account, 30 seconds.
Order Book & Pipeline
- Motherson Sumi Wiring India Limited is actively winning new orders across all powertrains: ICE, EV, and hybrid.
- The company emphasizes securing firm customer orders before initiating any capex or plant expansion.
- There is a focus on expanding capacity at greenfield plants backed by confirmed orders.
- The greenfield plants (Kharkhoda, Pune, Navagam) have a combined revenue run rate target of around INR 2,000 crores.
- Volumes and orders are expected to ramp up, with management bullish on the Indian automotive market and potential growth.
- The company continuously diversifies customers and products to mitigate risks from order delays or low volumes.
2 more points management made on order book & pipeline
Motherson Wiring — Quarterly revenue & net profit
Reported quarterly figures (₹ Cr). Latest: revenue ₹3.3K Cr, net profit ₹167 Cr. Revenue and profit are scaled separately — hover a quarter for exact figures.
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What Motherson Wiring's management said in earlier quarters
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Frequently Asked Questions
What were Motherson Wiring Q4 FY26 results?
The company is bullish on the Indian automotive market and expects strong long-term growth despite short-term hiccups. The company is bullish on the Indian automotive market and expects strong growth over the long term.
What is Motherson Wiring share price analysis?
Motherson Wiring currently shows a neutral. The stock trades at a P/E of 40.5 with a market cap of ₹25,439 Cr. Investors should review the full earnings analysis for detailed insights.
Is Motherson Wiring planning capital expenditure?
Capex for FY '27 is guided to be approximately INR 200 crores, largely in line with the current year.
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This analysis is AI-generated based on publicly available earnings data and the company's earnings call transcript. This is not investment advice. Please consult a SEBI-registered advisor before making investment decisions.