Motherson Sumi Wiring India Limited (MSWIL) reported strong Q3 FY26 results with revenue increasing by 25.5% to ₹2,887 crore. EBITDA also saw a rise of 10.5%. The company highlighted continued growth in revenues and EBITDA, a debt-free status, and improved performance in Greenfield units. EV revenue share stood at 5.8% in Q3 FY26.
Financial Performance Q3 FY26
Motherson Sumi Wiring India Limited (MSWIL) announced its unaudited financial results for the third quarter and nine months ended December 31, 2025.
Revenue and Profitability
The company reported a 25.5% increase in revenue for Q3 FY26, reaching ₹2,887 crore, compared to ₹2,300 crore in Q3 FY25. EBITDA for the quarter was ₹263 crore, a 10.5% increase from ₹238 crore in the corresponding quarter of the previous year. Profit after tax (PAT) stood at ₹149 crore, up 6.4% from ₹140 crore.
Ex-Greenfields Performance
Excluding Greenfield units, revenue grew by 18.8% to ₹2,637 crore, and EBITDA increased by 7.6% to ₹299 crore. The company noted stable underlying profitability for Ex-Greenfield units, despite the impact of higher copper prices.
Nine Months Performance
For the nine months ended December 31, 2025, revenue increased by 19.6% to ₹8,143 crore, and EBITDA rose by 8.4% to ₹787 crore.
Industry and Business Highlights
Key highlights from the announcement include:
- Strong overall performance with growth in Revenues and EBITDA.
- Underlying profitability for Ex-Greenfield units remained stable.
- Improved performance of Greenfields units.
- Maintained a debt-free status.
- EV revenue share is 5.8% in Q3 FY26.
- Passenger vehicle volumes industry growth of 19% year-over-year for Q3 FY26.
- Copper prices continued a sustained upward trajectory.
Greenfield Status Update
The company provided an update on its Greenfield projects:
- Navagam (Gujarat): EV – Operational, EV+ICE – Q4 FY26 (As per the plan).
- Kharkhoda (Haryana): ICE – Operational (Volumes are ramping up as planned).
- Pune (Maharashtra): EV+ICE – Operational (Lower than planned customer volumes), EV – Operational (Delayed customer volumes).
Source: BSE
