403
Sorry!!
Error! We're sorry, but the page you were looking for doesn't exist.
Motherson Sumi Wiring India Limited (MSWIL) delivered a robust performance, reported revenues of Rs. 2,185 crores and PAT of Rs. 149 crores for Q1FY25.
(MENAFN- Adfactors PR) Bengaluru – 5th August 2024 – Motherson Sumi Wiring India Limited (MSWIL) today announced its financial results for the fiscal 2024-25 first quarter, which ended on 30th June 2024.
Mr. Vivek Chaand Sehgal, Chairman, Motherson Sumi Wiring India Ltd., said,
“The company has demonstrated a good performance. Our unwavering commitment to maintaining customers' trust has been the driving force behind our success. It is through our relentless dedication to pushing the boundaries and delivering exceptional value to our stakeholders that we have been able to consistently deliver such performance. The company remains committed to understanding and staying aligned with industry trends and proactively adapting to the dynamic environment.”
Key Highlights
• Strong Revenue growth YoY is mainly supported by increased volumes and content on account of automotive megatrends.
• Performance remained resilient despite the transitory impact of higher raw material prices and start-up costs mitigated with operational efficiencies.
• Of the two green fields, one plant commenced operations in July 24 and is in the ramp-up phase. The second plant is expected to come on stream by Q1FY26.
• MSWIL is part of India’s top-selling passenger vehicles (EV and ICE) and EV 2W models. The EV revenue grew by 50% year over year.
• Consistent focus on financial prudence; maintaining Debt-Free Status
Financial Performance
Q1FY25 INR Crores Growth on YoY basis
Revenues 2,185 +17%
EBITDA 239 +15%
PAT 149 +21%
Mr. Vivek Chaand Sehgal, Chairman, Motherson Sumi Wiring India Ltd., said,
“The company has demonstrated a good performance. Our unwavering commitment to maintaining customers' trust has been the driving force behind our success. It is through our relentless dedication to pushing the boundaries and delivering exceptional value to our stakeholders that we have been able to consistently deliver such performance. The company remains committed to understanding and staying aligned with industry trends and proactively adapting to the dynamic environment.”
Key Highlights
• Strong Revenue growth YoY is mainly supported by increased volumes and content on account of automotive megatrends.
• Performance remained resilient despite the transitory impact of higher raw material prices and start-up costs mitigated with operational efficiencies.
• Of the two green fields, one plant commenced operations in July 24 and is in the ramp-up phase. The second plant is expected to come on stream by Q1FY26.
• MSWIL is part of India’s top-selling passenger vehicles (EV and ICE) and EV 2W models. The EV revenue grew by 50% year over year.
• Consistent focus on financial prudence; maintaining Debt-Free Status
Financial Performance
Q1FY25 INR Crores Growth on YoY basis
Revenues 2,185 +17%
EBITDA 239 +15%
PAT 149 +21%
Legal Disclaimer:
MENAFN provides the
information “as is” without warranty of any kind. We do not accept
any responsibility or liability for the accuracy, content, images,
videos, licenses, completeness, legality, or reliability of the information
contained in this article. If you have any complaints or copyright
issues related to this article, kindly contact the provider above.
Most popular stories
Market Research
More Story
Comments
No comment