Shares of Motherson Sumi Wiring India Ltd witnessed a significant surge on Monday, climbing as much as 13% to reach an intraday high of Rs 39.70 on the Bombay Stock Exchange (BSE). The rally followed the company’s announcement of robust financial results for the second quarter of the 2027 fiscal year, reflecting a period of strong operational expansion and sustained customer demand.
According to the regulatory filing, the company reported a net profit of Rs 223 crore for the quarter ending September. This figure represents a 35% increase compared to the Rs 165 crore profit recorded during the same period in the previous year. Furthermore, the company saw its revenue from operations reach Rs 4,504 crore, marking an impressive 47% growth from the Rs 2,752 crore reported in the corresponding quarter last year.
The company highlighted that its performance was driven by a clear strategy centered on premiumisation and an increased content per vehicle across both electric vehicle (EV) and internal combustion engine (ICE) platforms. The firm successfully secured new model wins, which contributed to its broader growth strategy. Additionally, the timely expansion and ramp-up of greenfield projects played a pivotal role in supporting higher customer volumes throughout the quarter.
Vivek Chaand Sehgal, Chairman of Motherson Sumi Wiring India Ltd., attributed the resilient performance to sustained customer trust and the company’s operational execution capabilities. He noted that the business growth was supported by rising customer volumes and participation in new vehicle launches. Despite facing headwinds such as elevated copper prices and broader cost inflationary pressures, the company maintained its focus on operational efficiency and disciplined working capital management.
On a sequential basis, the company’s financials showed substantial improvement. The profit after tax (PAT) jumped 54% from Rs 145 crore in the first quarter of the current fiscal year to Rs 223 crore in the second. Similarly, revenue from operations grew by 19% over the previous quarter. Earnings before interest, tax, depreciation, and amortisation (EBITDA) also performed strongly, coming in at Rs 374 crore, which is a 45% increase from the Rs 258 crore reported in the first quarter.
Looking at the half-yearly performance, the company reported a 42% increase in revenue compared to the first two quarters of the previous fiscal year. During the same timeframe, the profit after tax grew by 20% to reach Rs 369 crore. Mr. Sehgal emphasized that the company remains dedicated to creating sustainable, long-term value for all stakeholders while navigating current commodity market challenges.
Despite the recent positive market reaction, the stock’s overall performance remains tempered by earlier trends. The shares are currently down approximately 20% since the beginning of the year. Furthermore, the stock continues to trade more than 50% below its 52-week high of Rs 53.55 on the BSE. However, with the latest 13% surge, the stock has gained nearly 18% over the last month, indicating a potential shift in investor sentiment following the release of these quarterly results.
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