On standalone basis
Quarter ended December 2024 compared with Quarter ended December 2023.
Net sales (including other operating income) of Motherson Sumi Wiring India has increased 8.78% to Rs 2,300.28 crore. Operating profit margin has declined from 12.39% to 10.33%, leading to 9.32% decline in operating profit to Rs 237.58 crore. Raw material cost as a % of total sales (net of stock adjustments) decreased from 66.09% to 65.50%. Employee cost increased from 15.82% to 17.63%. Other expenses rose from 5.89% to 6.71%. Other income fell 45.79% to Rs 0.58 crore. PBIDT fell 9.47% to Rs 238.16 crore. Provision for interest up 2.66% to Rs 6.56 crore. PBDT fell 9.77% to Rs 231.6 crore. Provision for depreciation rose 24.60% to Rs 46.96 crore. Profit before tax down 15.69% to Rs 184.64 crore. Provision for tax was expense of Rs 44.66 crore, compared to Rs 51.13 crore. Effective tax rate was 24.19% compared to 23.35%. Profit after tax fell 16.61% to Rs 139.98 crore. Promoters’ stake was 61.73% as of 31 December 2024 ,compared to 61.73% as of 31 December 2023 .
For year-to-date (YTD) results analysis
Net sales (including other operating income) of Motherson Sumi Wiring India has increased 12.01% to Rs 6,810.76 crore. Operating profit margin has declined from 11.63% to 10.66%, leading to 2.68% rise in operating profit to Rs 725.91 crore. Raw material cost as a % of total sales (net of stock adjustments) decreased from 66.00% to 65.29%. Employee cost increased from 16.51% to 17.32%. Other expenses rose from 5.93% to 6.82%. Other income fell 40.98% to Rs 10.31 crore. PBIDT rose 1.63% to Rs 736.22 crore. Provision for interest fell 10.53% to Rs 19.21 crore. PBDT rose 2% to Rs 717.01 crore. Provision for depreciation rose 21.70% to Rs 131.29 crore. Profit before tax down 1.57% to Rs 585.72 crore. Provision for tax was expense of Rs 144.79 crore, compared to Rs 148.22 crore. Effective tax rate was 24.72% compared to 24.91%.Profit after tax fell 1.33% to Rs 440.93 crore. Promoters’ stake was 61.73% as of 31 December 2024 ,compared to 61.73% as of 31 December 2023 .
Full year results analysis
Net sales (including other operating income) of Motherson Sumi Wiring India has increased 17.83% to Rs 8,328.25 crore. Operating profit margin has jumped from 11.21% to 12.17%, leading to 27.93% rise in operating profit to Rs 1,013.20 crore. Raw material cost as a % of total sales (net of stock adjustments) decreased from 65.86% to 65.51%. Employee cost decreased from 16.58% to 16.26%. Other expenses fell from 6.46% to 6.07%. Other income fell 40.96% to Rs 6.89 crore. PBIDT rose 26.93% to Rs 1020.09 crore. Provision for interest fell 1.87% to Rs 27.3 crore. Loan funds declined from Rs 372.61 crore as of 31 March 2023 to Rs 259.08 crore as of 31 March 2024. Inventories declined from Rs 1,209.58 crore as of 31 March 2023 to Rs 1,139.85 crore as of 31 March 2024. Sundry debtors were higher at Rs 895.91 crore as of 31 March 2024 compared to Rs 800.41 crore as of 31 March 2023. Cash and bank balance rose to Rs 268.26 crore as of 31 March 2024 from Rs 36.78 crore as of 31 March 2023. PBDT rose 27.96% to Rs 992.79 crore. Provision for depreciation rose 19.08% to Rs 147.25 crore. Fixed assets increased to Rs 623.45 crore as of 31 March 2024 from Rs 606.23 crore as of 31 March 2023. Profit before tax grew 29.64% to Rs 845.54 crore. Provision for tax was expense of Rs 207.24 crore, compared to Rs 165.17 crore. Effective tax rate was 24.51% compared to 25.32%. Profit after tax rose 31.06% to Rs 638.30 crore. Promoters’ stake was 61.73% as of 31 March 2024 ,compared to 61.73% as of 31 March 2023 . Cash flow from operating activities increased to Rs 791.14 crore for year ended March 2024 from Rs 223.58 crore for year ended March 2023. Cash flow used in acquiring fixed assets during the year ended March 2024 stood at Rs 111.29 crore, compared to Rs 198.58 crore during the year ended March 2023. Other Highlights
In
Q3 FY25, the company’s revenue growth was 9% YoY
outpacing the industry volume growth by 6% YoY on account of favorable product
and content mix.
Three Greenfield plants being set up for
new programs (EV/ICE) are in different stages of completion/ramp-up, for which
certain costs are expensed upfront. The plants will be fully operational in the
ensuing quarters.
Management Comments :
Mr. Vivek Chaand Sehgal, Chairman,
Motherson Sumi Wiring India, said, “These results are a testament to the
resilience and dedication of our team, particularly given the upfront costs
associated with establishing our greenfield plants. These investments support
upcoming EV and ICE programs, reflecting our strategic vision for the future
and commitment to our customers. Despite these investments, our profitability
remains strong, and we continue to uphold our status as a debt-free company. I
would like to thank our employees for their hard work and to our customers and
other stakeholders for their continuous and unwavering support.”
| Motherson Sumi Wiring India : Standalone Results | | Quarter ended | Year to Date | Year ended |
|---|
| Particulars | 202412 | 202312 | Var.(%) | 202412 | 202312 | Var.(%) | 202403 | 202303 | Var.(%) |
|---|
| Net Sales (including other operating income) | 2,300.28 | 2,114.53 | 8.78 | 6,810.76 | 6,080.69 | 12.01 | 8,328.25 | 7,067.99 | 17.83 | | OPM (%) | 10.33 | 12.39 | -206 bps | 10.66 | 11.63 | -97 bps | 12.17 | 11.21 | 96 bps | | OP | 237.58 | 262.00 | -9.32 | 725.91 | 706.97 | 2.68 | 1,013.20 | 792.02 | 27.93 | | Other Inc. | 0.58 | 1.07 | -45.79 | 10.31 | 17.47 | -40.98 | 6.89 | 11.67 | -40.96 | | PBIDT | 238.16 | 263.07 | -9.47 | 736.22 | 724.44 | 1.63 | 1,020.09 | 803.69 | 26.93 | | Interest | 6.56 | 6.39 | 2.66 | 19.21 | 21.47 | -10.53 | 27.3 | 27.82 | -1.87 | | PBDT | 231.60 | 256.68 | -9.77 | 717.01 | 702.97 | 2.00 | 992.79 | 775.87 | 27.96 | | Depreciation | 46.96 | 37.69 | 24.60 | 131.29 | 107.88 | 21.70 | 147.25 | 123.66 | 19.08 | | PBT | 184.64 | 218.99 | -15.69 | 585.72 | 595.09 | -1.57 | 845.54 | 652.21 | 29.64 | | PBT before EO | 184.64 | 218.99 | -15.69 | 585.72 | 595.09 | -1.57 | 845.54 | 652.21 | 29.64 | | EO Income | 0 | 0 | - | 0 | 0 | - | 0 | 0 | - | | PBT after EO | 184.64 | 218.99 | -15.69 | 585.72 | 595.09 | -1.57 | 845.54 | 652.21 | 29.64 | | Taxation | 44.66 | 51.13 | -12.65 | 144.79 | 148.22 | -2.31 | 207.24 | 165.17 | 25.47 | | PAT | 139.98 | 167.86 | -16.61 | 440.93 | 446.87 | -1.33 | 638.3 | 487.04 | 31.06 | | P/(L) from discontinued operations net of tax | 0 | 0 | - | 0 | 0 | - | 0 | 0 | - | | Net profit after discontinued operations | 139.98 | 167.86 | -16.61 | 440.93 | 446.87 | -1.33 | 638.3 | 487.04 | 31.06 | | EPS (Rs)* | 0.32 | 0.38 | -16.61 | 1.00 | 1.01 | -1.33 | 1.44 | 1.10 | 31.06 | | | * EPS is on current equity of Rs 442.11 crore, Face value of Rs 1, Excluding extraordinary items. | | # EPS is not annualised | | bps : Basis points | | EO : Extraordinary items | | Figures in Rs crore | | Source: Capitaline Corporate Database |
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