Auto Parts & Equipment company Motherson Sumi Wiring India announced Q4FY24 & FY24 results: Motherson Sumi Wiring India Limited (MSWIL) ended FY24 on a strong note, reporting revenues of Rs 2,233 crore. PAT was Rs 191 crore for Q4FY24. Consistent financial prudence has enabled to maintain a debt-free status. Strengthening presence across India with 26 existing and 2 upcoming facilities to support demand from our customers. ROCE of 48%, delivering >40% ROCE continuously. Vivek Chaand Sehgal, Chairman, Motherson Sumi Wiring India Ltd., said, "This robust performance demonstrates our resilience, agility, and strategic focus on delivering value to our customers. It also reflects our teams' hard work and efforts towards supporting our customers. We are well-positioned to leverage our strengths and capitalise on new opportunities in the evolving market landscape. Through our relentless focus on the development of human resources, new products, localisation and enhancing manufacturing excellence through digitisation, we continue to enhance our product offerings and competitiveness and drive long-term value creation for our stakeholders." Result PDF
Auto Parts & Equipment company Motherson Sumi Wiring India announced Q3FY24 results: Revenues of Rs 2,117 crore in Q3FY24, up 25% YoY EBITDA of Rs 262 crore in Q3FY24, up 46% YoY PBT of Rs 219 crore in Q3FY24, up 55% YoY PAT of Rs 168 crore in Q3FY24, up 58% YoY Vivek Chaand Sehgal, Chairman, Motherson Sumi Wiring India, said, “These strong quarterly numbers are the result of customer trust and our operational efficiencies. We remain focused on delivering high-quality products and solutions to our customers and supporting them in their plans. We will continue to invest in capacities to meet the future demand. I want to thank and congratulate our teams for their efforts and commitment, which have contributed to this stellar performance.” Result PDF
Auto Parts & Equipment company Motherson Sumi Wiring India announced Q2FY24 results: Q2FY24: Revenues: Rs 2,105 crore (15% YoY growth) EBITDA: Rs 253 crore (33% YoY growth) PBT (Profit Before Tax): Rs 210 crore (35% YoY growth) PAT (Profit After Tax): Rs 156 crore (34% YoY growth) Revenue for the quarter for the domestic wiring harness business exceeded Rs 2,000 crore for the first time. Efficient capacity utilisation Continues to be a debt-free company Vivek Chaand Sehgal, Chairman, Motherson Sumi Wiring India, said, "The Company has delivered a commendable performance with the unwavering support of our valued customers and the relentless efforts of our teams across India. The Indian automotive industry continues to grow at a healthy rate. The company's manufacturing expertise remains a crucial driver of its performance, and it is committed to enhancing its operational efficiencies further. Additionally, the company will continue to expand its capacities aligned to its customers' upcoming launches across all powertrains.” Result PDF