India's Samvardhana Motherson posts quarterly profit rise on strong auto demand

Samvardhana Motherson International

10/02/2026 08:52

Feb 10 (Reuters) - Indian auto-parts maker Samvardhana Motherson SAMD.NS posted a 16.5% rise in quarterly profit on Tuesday, helped by steady demand from automakers as vehicle sales picked up after recent tax cuts.

Profit rose to 10.24 billion rupees ($113.13 million)in the quarter ended December 31, from 8.79 billion rupees a year ago.

The company reported a 14% rise in revenue from operations to 314.09 billion rupees, driven by growth in its wiring harness, electronics and diversified industrial segments, the company said.

Shares of the company rose as much as 6% after results.

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KEY CONTEXT

Indian auto sales got a boost from the government's sweeping September tax cuts.

Domestic car sales are projected to climb to nearly 6 million units by the end of the decade, driven by rising demand for SUVs and premium vehicles, according to S&P Mobility data.

Samvardhana Motherson, which supplies components to global automakers including Volkswagen VOWG.DE , BMW BMWG.DE and Mercedes-Benz MBGn.DE is positioned to benefit from this shift, as higher-end vehicles require more complex wiring systems, modules and electronics, boosting demand for auto parts.

PEER COMPARISON

Valuation (next 12 months)
Estimates (next 12 months)
Analysts' sentiment
RIC
PE
EV/EBITDA
Price/Sales
Revenue growth
Profit growth
Mean rating*
# of analysts
Stock to price target**
Div yield (%)
Samvardhana Motherson International Ltd
SAMD.NS
24.62
10.29
0.99
9.33
30.13
Buy
21
0.95
0.48
Bosch Ltd
BOSH.NS
39.46
34.30
NULL
10.24
13.03
Hold
3
1.07
1.41
UNO Minda Ltd
UNOI.NS
45.10
26.00
NULL
17.32
22.59
Hold
17
0.87
0.14
Sona BLW Precision Forgings Ltd
SONB.NS
39.87
23.46
NULL
20.36
20.00
Buy
16
0.93
0.62

* Mean of analysts' ratings standardised to a scale of Strong Buy, Buy, Hold, Sell, and Strong Sell

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

OCTOBER-DECEMBER STOCK PERFORMANCE

-- All data from LSEG

-- ($1 = 90.5130 Indian rupees)

Samvardhana Motherson Q3 2025 stock performance https://tmsnrt.rs/4r7BkWT

(Reporting by Surbhi Misra in Bengaluru; Editing by Nivedita Bhattacharjee)

((Surbhi.Misra@thomsonreuters.com |  X: https://twitter.com/SurbhiMisra_  |;))