Motherson Sumi Wiring India Limited (MSWIL) reported strong Q2 FY26 results, surpassing industry growth with a 19% increase. Revenue reached ₹2,762 Crores, a 19% YoY growth. EBITDA stood at ₹280 Crores, up by 12% YoY. The company continues to maintain a debt-free status and has seen its EV revenue share grow to 6.7% during the quarter. One Greenfield project commenced production as planned.
Financial Highlights for Q2 FY26
Motherson Sumi Wiring India Limited (MSWIL) announced its unaudited financial results for the second quarter and half year ended September 30, 2025. Key highlights include:
- Revenue: ₹2,762 Crores (19% YoY growth) compared to ₹2,326 Crores in Q2 FY25. Excluding Greenfield projects, revenue was ₹2,572 Crores (13% YoY growth).
- EBITDA: ₹280 Crores (12% YoY growth) compared to ₹250 Crores in Q2 FY25. Excluding Greenfield projects, EBITDA was ₹326 Crores (13% YoY growth).
- PAT: ₹165 Crores (9% YoY growth) compared to ₹152 Crores in Q2 FY25. Excluding Greenfield projects, PAT was ₹204 Crores (11% YoY growth).
H1 FY26 Performance Overview
The company also reported results for the first half of fiscal year 2026:
- Revenue: ₹5,256 Crores (17% YoY growth) compared to ₹4,510 Crores in H1 FY25. Excluding Greenfield projects, revenue was ₹4,909 Crores (10% YoY growth).
- EBITDA: ₹524 Crores (7% YoY growth) compared to ₹488 Crores in H1 FY25. Excluding Greenfield projects, EBITDA was ₹601 Crores (11% YoY growth).
- PAT: ₹308 Crores (2% YoY growth) compared to ₹301 Crores in H1 FY25. Excluding Greenfield projects, PAT was ₹373 Crores (8% YoY growth).
Greenfield Project Updates
One of the three Greenfield projects has successfully commenced production as per schedule. Ramp-up is expected to continue in the upcoming quarters.
Debt Status and EV Revenue
MSWIL continues to maintain a debt-free status. The share of revenue from EV-related products reached 6.7% for Q2 FY26.
Industry Trends
Passenger vehicle volumes experienced an industry growth of 4% year-over-year for Q2 FY26. There has been a sustained upward trend in copper prices.
Source: BSE
