MSUMI Q2 FY27: Revenue Up 47% YoY, PAT Grows 54% Sequentially
Motherson Sumi Wiring India Limited (MSUMI) reported a 47% year-on-year revenue growth and 54% sequential PAT growth for Q2 FY27. Revenue was driven by increased customer volumes and new program launches. EVs accounted for 10% of quarterly revenue. EBITDA margins improved to 9.2% despite copper price hikes.
The substantial year-on-year and sequential growth in key financial metrics, coupled with positive commentary on future outlook and successful capacity expansion, is expected to have a significant positive impact on investor sentiment and the company's stock performance.
The company reported strong year-on-year and sequential growth in revenue, EBITDA, and profit after tax, indicating a positive financial performance. The management expressed confidence in future prospects and highlighted successful ramp-ups of new facilities.
Motherson Sumi Wiring India Limited (MSWIL) reported a strong performance for the second quarter and half-year ended September 30, 2026. The company's revenue grew by 47% year-on-year and 19% sequentially, driven by higher customer volumes, new program launches, and contributions from Greenfield plants. EBITDA increased by 34% year-on-year and 45% sequentially, while profit after tax (PAT) saw a significant growth of 35% year-on-year and 54% sequentially.
The company's performance was supported by healthy growth in the passenger vehicle industry, with volumes increasing 25% year-on-year. MSWIL grew ahead of the industry, reflecting customer trust and its ability to capture growth opportunities. Vehicle premiumization and participation in new model launches across EV and ICE platforms were key drivers. EVs constituted 10% of the revenue for the quarter. The three Greenfield plants are now operating at optimal utilization levels.
EBITDA margins improved to 9.2% from 7.6% in Q1 FY27, despite headwinds from higher copper prices (up 6% sequentially and 54% year-on-year) and minimum wage revisions. The company is in constructive discussions with customers for cost recovery, with a typical lag of three months. Looking ahead, the company expects continued healthy growth in the second half of the fiscal year, supported by industry demand, premiumization, and new model launches. MSWIL is focused on maintaining capacities in line with customer requirements and investing in new technologies and automation.
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