India's Samvardhana Motherson quarterly profit rises on strong auto parts demand

Samvardhana Motherson International

20/05/2026 10:17

May 20 (Reuters) - Indian auto-parts maker Samvardhana Motherson SAMD.NS reported a rise in fourth-quarter profit on Wednesday, helped by stronger demand for its components, including wiring systems and automotive mirrors.

Here are some details:

Quarterly net profit rose 42.5% to 14.97 billion rupees ($154.62 million) in the quarter ended March 31, from 10.51 billion rupees in the year-ago period.

The company, a supplier to major carmakers such as Volkswagen VOWG.DE, BMW BMWG.DE, and Mercedes-Benz MBGn.DE, reported a 17% rise in revenue to 343.09 billion rupees, from 293.17 billion rupees last year.

Shares, which were up 2.1% after the results were announced on Wednesday, have risen 10.7% so far in 2026.

Automakers in India are seeing strong demand following recent GST cuts, with analysts expecting the momentum to continue into the first half of 2027, supporting robust orders for component suppliers such as Samvardhana Motherson.

"We have delivered our best-ever yearly revenues and resilient profitability in a challenging macroeconomic environment," Chairman Vivek Sehgal said.

The Noida, India-based global auto-components supplier, with more than 230 manufacturing facilities across 37 countries, holds nearly 22% of the global passenger-car exterior rearview mirror market and over 65% of India's passenger-car wiring harness market, according to its website.

($1 = 96.8200 Indian rupees)

(Reporting by Abhinav Parmar in Bengaluru; Editing by Sherry Jacob-Phillips)

((Abhinav.Parmar@thomsonreuters.com;))