India’s Samvardhana Motherson quarterly profit beats views as revenue rises across units

Samvardhana Motherson International

13/11/2025 10:28

Nov 13 (Reuters) - Indian auto-parts maker Samvardhana Motherson SAMD.NS posted a smaller-than-expected drop in second-quarter profit on Thursday, as revenue rose across all segments, with its emerging businesses unit recording the biggest increase.

Its consolidated net profit fell 6% to 8.27 billion rupees ($94.09 million) in the three months ended September 30, above analysts’ estimate of profit falling to 8.02 billion rupees, per data compiled by LSEG.

Revenue from operations rose 8.5% to 301.73 billion rupees, above analysts’ average estimate of 297.98 billion rupees.

KEY CONTEXT

While global auto demand continued to be muted during the quarter, the Indian market — which accounts for about a fifth of Samvardhana Motherson’s revenue — held up, supported by a demand lift from an early festive season.

The company, which makes wiring harnesses, bumpers and mirrors, likely benefitted from the ramp-up of emerging businesses, new programmes and the integration of acquisitions, supporting its revenue growth, analysts at Ambit Capital had said in a pre-earnings note.

The emerging businesses segment makes automotive lighting and electronics, precision metal components and also provides aerospace, logistics, medical and industrial-solutions services.

The firm's customers include Volkswagen VOWG.DE, Mercedes-Benz, Maruti Suzuki MRTI.NS and Tesla TSLA.O.

PEER COMPARISON

Valuation (next 12 months)
Estimates (next 12 months)
Analysts' sentiment
RIC
PE
EV/EBITDA
Revenue growth(%)
Profit growth(%)
Mean rating*
# of analysts
Stock to price target**
Div yield (%)
Samvardhana Motherson International
SAMD.NS
23.50
9.91
7.33
19.52
Buy
20
0.93
0.55
Bosch
BOSH.NS
42.47
35.61
8.60
14.25
Hold
4
1.08
1.39
UNO Minda
UNOI.NS
50.94
28.54
17.57
26.03
Buy
17
0.95
0.18
Sona BLW Precision Forgings
SONB.NS
40.28
23.70
20.42
15.09
Buy
16
0.91
-

 * 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

JUNE-SEPT STOCK PERFORMANCE

-- All data from LSEG

-- ($1 = 87.8950 Indian rupees)

SAMD https://tmsnrt.rs/3LvRdqc

 (Reporting by Aleef Jahan in Bengaluru; Editing by Harikrishnan Nair)

 ((aleefjahan.cs@thomsonreuters.com))