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Earnings Call Transcript

Motherson Sumi Wiring India Earnings Call Transcript: Key Takeaways

Motherson Sumi Wiring India reported 37% revenue growth for Q1 FY27, driven by EV ramp-ups and new customer programs, but margins are under pressure due to wage hikes and copper price lags.

Highlights
Revenue growth37% growth; 7% from copper inflation, remainder from volume and content.
MarginsTemporary contraction from NCR wage hikes and 3-6 month copper lag.
Demand visibilityStrong visibility from new customer programs and EV platform ramp-ups.
Management confidenceBalanced; transparent about cost headwinds while optimistic on long-term EV growth.

Growth

Revenue surged 37%, though 7% was inflation-led; EV contributions reached 8.5%.

Outlook

Internal accruals to fund capex; further capacity expansion planned when utilization hits 80%.

Risks

Substantial 30-40% minimum wage hikes in NCR and 3-6 month copper price lags impact profitability.

Source

Earnings Call Transcript filed with BSE, NSE: MSUMI. Summary written with AI assistance from the document.

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Motherson Sumi Wiring India Ltd: key numbers

Share price
₹34.29
Market cap
₹22,740 Cr
Revenue (annual)
₹11,478 Cr
Net profit (annual)
₹625.2 Cr
P/E (TTM)
36.2×Sector 33.6×
Promoter holding
61.73%+0.00% QoQ
FII holding
8.91%Current quarter

Reference market data from a third-party provider, updated daily. Not a valuation or a recommendation.

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