Motherson Sumi Wiring India's quarterly profit climbs on festive demand

Samvardhana Motherson International

05/11/2025 09:02

Nov 5 (Reuters) - Motherson Sumi Wiring India MSWI.NS posted a rise in second-quarter profit on Wednesday, boosted by production ramp-up in a greenfield plant and festive demand.

The company, which sells wiring harness solutions to carmakers including Maruti Suzuki MRTI.NS and Tata Motors TAMO.NS said its profit advanced about 9% to 1.65 billion rupees (about $19 million) in the quarter ended September 30.

Its total revenue grew 19% to 27.62 billion rupees, while expenses rose 19.5% to 25.42 billion rupees, owing to higher costs of copper - a key raw material.

For further earnings highlights, (click here).

KEY CONTEXT

The Indian auto industry has seen subdued domestic demand in the past few quarters, but consumption advanced recently on the back of festivals and tax cuts.

Motherson Sumi has been hit with start-up expenses used to fund its expansion project, where two of the three greenfield plants are yet to begin production.

The ramp-up of production at one of its plants also aided its earnings in the reporting quarter, analysts have said.

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
38.00
23.57
14.23
22.48
Buy
12
1.02
1.20
Bosch
BOSH.NS
42.97
36.05
8.63
14.44
Hold
4
1.09
1.37
UNO Minda
UNOI.NS
51.73
28.72
17.67
26.05
Buy
17
0.99
0.18
Exide Industries
EXID.NS
24.96
14.62
7.32
12.74
Hold
12
0.95
0.52

* 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

JULY-SEPTEMBER STOCK PERFORMANCE

-- All data from LSEG

-- $1 = 87.8950 rupees

JULY-SEPTEMBER STOCK PERFORMANCE https://tmsnrt.rs/4nCZsOt

 (Reporting by Manvi Pant in Bengaluru)

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