Motherson Sumi Wiring India's quarterly profit falls on higher costs

Motherson Sumi Wiring India

09/05/2025 11:03

May 9 (Reuters) - Motherson Sumi Wiring India MSWI.NS reported lower fourth-quarter profit on Friday as higher costs weighed.

The company, which sells wiring harness solutions to carmakers including Maruti Suzuki MRTI.NS and Tata Motors TAMO.NS, said its profit fell 14% to 1.65 billion rupees ($19.3 million) in the quarter ended March 31.

Its total revenue from operations grew 12% to 25.1 billion rupees.

For further results highlights, (click here).

KEY CONTEXT

The company, which counts copper as its key raw material, said costs remained elevated in the January-to-March period. Its input costs rose 12% to 15.93 billion rupees in the three months.

Motherson Sumi is setting up greenfield plants to serve its auto industry clients, with the plants at different stages of completion. The expansion plans had a 230 million rupee impact on the company's profit after tax during the March quarter, as per its investor presentation.

Last month, peer Exide Industries EXID.NS posted a smaller-than-expected quarterly profit due to high input costs and sluggish automotive demand.

PEER COMPARISON

Valuation (next 12 months)
Estimates (next 12 months)
Analysts' sentiment
RIC
PE
EV/EBITDA
Revenue growth (%)
Profit growth (%)
Mean rating*
No. of analysts
Stock to price target**
Div yield (%)
Motherson Sumi Wiring India
MSWI.NS
31.31
19.87
13.74
26.87
Buy
12
0.84
1.24
Bosch
BOSH.NS
38.12
31.26
10.96
13.64
Hold
4
1.03
1.25
UNO Minda
UNOI.NS
43.02
23.21
18.44
24.73
Buy
16
0.82
0.25
Exide Industries
EXID.NS
23.38
14.06
8.03
14.48
Hold
14
0.89
0.55

* The mean of analyst ratings standardised to a scale of Strong Buy, Buy, Hold, Sell, and Strong Sell

** The ratio of the stock's last close to analysts' mean price target; a ratio above 1 means the stock is trading above the PT

JANUARY-MARCH STOCK PERFORMANCE

-- All data from LSEG

-- $1 = 85.4200 rupees

JANUARY-MARCH STOCK PERFORMANCE https://tmsnrt.rs/4m42oEh

 (Reporting by Manvi Pant in Bengaluru; Editing by Sherry Jacob-Phillips and Mrigank Dhaniwala)

 ((Manvi.Pant@thomsonreuters.com; +918447554364;))