Leading automotive wiring manufacturer demonstrates resilient performance with quarterly revenue reaching Rs 2,326 crores, while maintaining operational efficiency despite evolving market dynamics and inflationary pressures.
06 Feb 2025 | 5640 Views | By Sarthak Mahajan
Motherson Sumi Wiring reported revenue from operations of Rs 2,325.64 crores for Q3 FY2025, marking a 10% increase from Rs 2,114.53 crores in the corresponding quarter of the previous year. The growth was primarily driven by strong demand in the automotive sector and improved operational efficiency.
The quarterly profit ...
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Motherson Sumi Wiring reported revenue from operations of Rs 2,325.64 crores for Q3 FY2025, marking a 10% increase from Rs 2,114.53 crores in the corresponding quarter of the previous year. The growth was primarily driven by strong demand in the automotive sector and improved operational efficiency.
The quarterly profit before tax stood at Rs 202.72 crores, compared to Rs 218.99 crores in Q3 FY2024, reflecting a slight moderation in profitability. The company's net profit for the quarter reached Rs 139.98 crores, with earnings per share of Rs 0.34.
For the nine months ended December 31, 2024, MSWIL achieved total revenue from operations of Rs 6,810.76 crores, representing an 11.7% growth compared to Rs 6,095.59 crores in the same period last year. The cumulative profit for the nine-month period was Rs 440.93 crores, maintaining stable profitability levels despite inflationary pressures.
Operating expenses saw careful management, with material costs at Rs 1,523.29 crores for the quarter. Employee benefits expense stood at Rs 401.21 crores, reflecting the company's continued investment in human capital. The company maintained a strong focus on operational efficiency, with other expenses being contained at Rs 164.50 crores for the quarter.
The results were reviewed by the Audit Committee and approved by the Board of Directors at their meeting held in Dubai on February 6, 2025. The company continues to operate as a single segment entity, with the Chief Operating Decision Maker reviewing operations holistically.
Looking ahead, MSWIL remains well-positioned in the automotive wiring systems market, with a strong focus on operational excellence and sustainable growth. The company maintains a robust balance sheet with a paid-up equity share capital of Rs 442.11 crores, providing a strong foundation for future expansion opportunities.