Samvardhana Motherson International Ltd Q2 FY26 Results & Concall Highlights: Revenue, Margins & Order Book

Published 19 Jul 2026 | Auto Components | Market Cap: ₹1.8L Cr

Organic year-on-year consolidated revenue growth estimated around 6% to 8% excluding acquisitions and forex impact (Q2 FY'26) - Global light vehicle production grew ~3% YoY; commercial vehicles up 8 Company expects continued growth driven by volume, content, and acquisitions like Atsumitec.

From Samvardhana Motherson International Ltd's Q2 FY26 earnings-call transcript · updated 23 Aug 2026.

Price

₹169

Market Cap

₹1.8L Cr

P/E Ratio

38.9

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Samvardhana Motherson International Ltd — Quarterly revenue & net profit

Revenue Net Profit

Dec 2024

Mar 2025

Jun 2025

Sep 2025

Dec 2025

Mar 2026

Reported quarterly figures (₹ Cr). Latest: revenue ₹34.3K Cr, net profit ₹1.6K Cr.

Full financials →

📊 Revenue & Sales Performance

→Organic year-on-year consolidated revenue growth estimated around 6% to 8% excluding acquisitions and forex impact (Q2 FY'26)
→Global light vehicle production grew ~3% YoY; commercial vehicles up 8% but North American commercial vehicles declined 25% impacting revenue
→Premium automakers nearing completion of platform transitions, with a series of new model launches expected, supporting stronger production momentum
→Consumer electronics business showing sharp growth; 36% Q2 revenue growth over Q1 and expected to turn profitable in first full year of operations
→Aerospace business delivering 37% revenue growth H1 FY'26, with Tier 1 Airbus status boosting prospects
→Booked business between consumer electronics and aerospace at $3 billion, expected to ramp up sharply in coming quarters
→Transformation and operational efficiencies expected to improve margins and accelerate growth in H2 FY'26 and beyond
→Investments in AI, GenAI, and engineering talent aimed at long-term growth and operational excellence

📈 Profitability & Margins

→Company expects continued growth driven by volume, content, and acquisitions like Atsumitec.
→Revenue grew 8.5% YoY in Q2 FY26; double-digit growth in normalized EBITDA and PAT reported.
→Consumer electronics business showing sharp growth; expected to be profitable in first full year of operations.
→Aerospace business grew 37% H1 FY26, with ongoing ramp-ups and expected long-term order book expansion.
→Operational efficiencies and transformation programs targeted to improve margins, especially in polymers and modules.
→Tariff-related cost impact ($10 million) expected to be passed through with customers.
→Investments in technology and engineering capacity (5,000+ engineers) to support future growth.
→Optimism about global production ramp-up supported by platform transitions and new model launches by premium automakers.
→Management anticipates stronger second half with improving sales and margin momentum.
→Overall, earnings and operating profits are expected to improve steadily over the next quarters and years.

See what Samvardhana Motherson International Ltd said on profitability & margins — free account, 30 seconds.

🏗️ Capital Expenditure Plans

→Two new greenfield plants have been operationalized during the quarter, with 10 more at various stages of completion, mostly expected to come on stream in FY'27.
→Total CAPEX spent in H1 FY'26 is approximately Rs. 2,600 crores; full-year guidance remains within Rs. 6,000 crores plus 10%, likely at the upper end.
→Significant CAPEX increase in aerospace facilities to become future-ready for the next 20 years of orders.
→Investment in automation, AI, and Global Business Services (GBS) to enhance operational efficiency.
→Plans to add over 5,000 engineers in the next five years, expanding capabilities especially in GenAI and software engineering.
→Improvements in polymer plants including upgrades like paint shops to increase efficiency and quality.
→Ongoing strategic takeovers (e.g., acquisitions like Atsumitec and pending Yutaka) to broaden the portfolio and capabilities.

💰 Fundraising & Capital Structure

→No explicit mention of any current or future new fundraising through debt or equity in the provided pages.
→The company mentions a stable leverage ratio of 1.1x net effective debt to EBITDA at the end of Q2, expected to reduce to around 0.9 by year-end due to operational improvements.
→The company is investing heavily in CAPEX (around Rs. 6,000 crores plus 10% guidance for the year), primarily to support growth via new greenfield projects and business acquisitions.
→There are no direct statements about planning new debt or equity issuance for fundraising.
→The focus appears to be on organic growth, operational efficiencies, and leveraging existing resources rather than seeking new external capital currently.

See what Samvardhana Motherson International Ltd said on fundraising & capital structure — free account, 30 seconds.

📋 Order Book & Pipeline

→The current order book stands at approximately ₹87 billion for the next 5-6 years.
→The order book includes a mix of new orders and replacement orders, though specific breakup is not disclosed.
→The EV share in the order book has shifted slightly from 24% to 22%, reflecting the industry's evolving dynamics.
→The order book growth indicates a balanced approach across different drivetrains — ICE, hybrids, and EVs.
→For consumer electronics, order books are shorter-term with revenue ramps expected to start next year.
→Aerospace business has a more consistent and long-term order buildup extending over the next decade.
→The company expects continued growth in order book with a cautious yet optimistic outlook on EV and ICE market shares.

Key Metrics

What Samvardhana Motherson International Ltd's management said in earlier quarters

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Frequently Asked Questions

What were Samvardhana Motherson International Ltd Q2 FY26 results?

What is Samvardhana Motherson International Ltd share price analysis?

Samvardhana Motherson International Ltd currently shows a neutral. The stock trades at a P/E of 38.9 with a market cap of ₹177,631 Cr. Investors should review the full earnings analysis for detailed insights.

Is Samvardhana Motherson International Ltd planning capital expenditure?

Two new greenfield plants have been operationalized during the quarter, with 10 more at various stages of completion, mostly expected to come on stream in FY'27. - Total CAPEX spent in H1 FY'26 is approximately Rs.

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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.