Motherson Sumi Wiring India Ltd — earnings calls

Motherson Sumi Wiring India reported Q1 FY27 revenue growth of 37%, of which management said 7% was attributable to copper price inflation and the rest to volume growth, content increase and premiumization. Management said elevated copper prices and minimum wage increases, particularly a 30-40% wage hike in the NCR region, impacted profitability during the quarter. EV-related revenue was 8.5% of total revenue, and management said greenfield plants maintained the prior quarter's revenue run-rate of around INR450 crores while some plants remained in a ramp-up stage.

Motherson Sumi Wiring India reported that annual revenue crossed Rs 10,000 crore for the first time, with quarterly revenue growth of around 33% year-on-year. Management attributed part of the growth to volume increases and part to rising copper prices, which are passed through to customers with a 3-to-6 month lag causing transitional margin compression. The three greenfield plants at Kharkhoda, Pune and Navagam are ramping up at different utilization levels and contributed a combined quarterly revenue run rate of over Rs 400 crore.