Motherson Sumi Wiring India posted a 35% year-on-year increase in second-quarter net profit to ₹223 crore, accompanied by a 47% rise in revenue from operations to ₹4,504 crore. Chairman Vivek Chaand Sehgal attributed this momentum to premiumisation, new program wins, and rising content per vehicle. On a sequential basis, the company's profit after tax expanded by 54% alongside a 19% increase in top-line revenue. Analysts remain largely positive on long-term vehicle electrification gains, even as some brokerage price targets were recalibrated for macroeconomic risks.
Key points
Operational gains and higher content per vehicle helped offset elevated raw material expe…: Operational gains and higher content per vehicle helped offset elevated raw material expenses, particularly copper costs.
The company experienced sequential growth in the second quarter, with profit after tax ri…: The company experienced sequential growth in the second quarter, with profit after tax rising 54% and revenue advancing 19%.
Emkay Global maintained a buy recommendation on the equity while lowering its price targe…: Emkay Global maintained a buy recommendation on the equity while lowering its price target to ₹45 due to broader macroeconomic risks.
Sources checked by our analysis pipeline: 1
Motherson Sumi Wiring India share price jumped 13% on NSE in Monday's trading session after the auto company reported its July-September quarter results for FY27.
Motherson Sumi Wiring shares opened at ₹38 per share today, as compared to previous close of ₹35.14 on Friday last week and touched an intraday high of ₹39.82 on 2 November.
The stock rally also came in after the Motherson Sumi Wiring shares witnessed a spurt in its trading volume. According to data available on NSE, around 1,422.68 lakh shares changed hands during the intraday session on Monday.
The auto ancillary company reported a 35% year-on-year (YoY) increase in net profit to ₹223 crore in the second quarter of FY27, compared with ₹165 crore in the corresponding quarter of the previous financial year.
Revenue from operations surged 47% YoY to ₹4,504 crore from ₹2,752 crore in the year-ago period, the company said in a regulatory filing.
The company attributed its growth to premiumisation, supported by higher content per vehicle and new business wins across electric vehicle (EV) and internal combustion engine (ICE) models. Timely expansion…
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