Samvardhana Motherson International Ltd

- No explicit mention of any new fundraising through debt or equity in the current transcript. - The company emphasizes maintaining financial discipline with a comfortable leverage ratio of 1.1x net debt to LTM EBITDA. - They highlight their financial strength and flexibility to pursue 2030 targets without noting any immediate funding plans. - Future capex guidance is awaited in the March year-end call; current capex expected around INR 6,000 crores plus 10% for the current year. - Any significant capital requirements might be internally funded or selectively backed by partners (e.g., equity from technology partners in new ventures). - No specific announcements or plans regarding public or private equity raises or debt issuances during the discussed period.

- Capex of about INR 4,200 crores done in 9 months of the current year; expected to end well within earlier guidance of INR 6,000 crores plus 10% for the current year. - FY '27 capex guidance to be provided during the March year-end call. - 12 Greenfield plants under development across emerging markets for automotive and non-automotive growth; most expected online by H2 FY '27. - New Greenfield facilities added in Vision Systems (India) and Wiring Harness (Morocco). - Consumer electronics capacity to double by Q3 FY '27 with a third plant commencing operations, supporting scale-up and vertical integration. - Incremental investments planned for further capacity expansion in consumer electronics in coming fiscal years. - Acquisitions in process: wiring harness business of Nexans Autoelectric (expected completion by end H1 FY '26) and Yutaka Giken in Japan (expected close H1 FY '26). - Strategic partnerships include RoRo terminal at Dighi Port and joint venture with Egtronics Company Limited for clean mobility electronics manufacturing.

- Consumer electronics business is ramping up with two operational plants targeting an annual capacity of ~16 million units by end of FY '26; a third plant will double capacity in Q3 FY '27. - Consumer electronics recorded 75% quarter-on-quarter revenue growth with expected further capacity expansions in coming fiscal years. - Aerospace business shows consistent growth with a 41% year-on-year increase in Q3 FY '26 and a growing order book including new product segments. - Emerging businesses grew over 50%, driven by consumer electronics (75% sequential growth) and aerospace (>40% YoY growth). - Twelve Greenfield plants under development across emerging markets to support automotive and non-automotive growth, with most operational by H2 FY '27. - FY '27 global PV production is projected to grow to ~93 million units, supporting overall industry demand. - Capex guidance for FY '26 is INR 6,000 crores plus 10%, with updates on FY '27 capex to be provided in the next quarter.

- Samvardhana Motherson International Limited (SAMIL) reported its highest-ever quarterly revenue of approx. INR 31,409 crores and EBITDA of INR 3,042 crores in Q3 FY '26, indicating strong growth momentum. - Revenue grew 14% year-on-year, with normalized Q3 PAT at approx. INR 1,061 crores, up 21% YoY, supported by operational efficiencies and transformative measures in Europe. - Emerging businesses like consumer electronics and aerospace show rapid growth, with consumer electronics revenue increasing 75% sequentially and aerospace growing over 40% YoY. - Continued capacity expansions, including doubling consumer electronics capacity by Q3 FY '27 and new greenfield projects, aim to support future growth. - Focus on achieving 40% ROCE in new ventures, with disciplined capital allocation and strategic partnerships enhancing profitability. - Management expects improving performance in Q4 FY '26 and will provide FY '27 capex guidance in the March year-end call, signaling confidence in sustained earnings growth.

- The aerospace order book has been consistently growing, supported by product portfolio expansion. - Samvardhana Motherson International Limited is now supplying to business jets and rotary-wing aircraft, diversifying and increasing content with customers. - Emerging businesses, including aerospace and consumer electronics, show strong momentum, with consumer electronics achieving a 75% quarter-on-quarter revenue growth. - The aerospace business registered a year-on-year growth north of 40%. - The company has secured multiple strategic partnerships and acquisitions enhancing its order book and platform globally. - New Greenfield plants under development will support future growth and contribute to incoming orders. - The company plans incremental investments in consumer electronics capacity to meet growing customer demands. - Overall, the order book for aerospace and emerging businesses reflects significant growth and strong customer support.