Wed. Feb 28th, 2024

Mumbai 01st February 2024: Motherson Sumi Wiring India Limited (MSWIL) today announced its financial results for the fiscal 2023-24 third quarter, which ended on 31st December 2023.

Mr. Vivek Chaand Sehgal, Chairman Motherson Sumi Wiring India Ltd., said, 

“These strong quarterly numbers are the result of customer trust and our operational efficiencies. We remain focused on delivering high-quality products and solutions to our customers and supporting them in their plans. We will continue to invest in capacities to meet the future demand. I want to thank and congratulate our teams for their efforts and commitment, which have contributed to this stellar performance.”

Key Highlights 

  • Highest ever Quarterly Revenue & EBITDA
  • Maintained status of a debt-free company
  • Proudly supplying wiring harness solutions to leading automotive OEMs in India.
  • New-age innovative capabilities are in place, serving all powertrain requirements (ICE, Electric, Hybrid, etc.)
  • Expanding capacities to support customer expansion plans.

Financial Performance 

Q2FY24 INR Crores Growth on YoY basis
Revenues 2,117 +25%
EBITDA 262 +46%
PBT 219 +55%
PAT 168 +58%

Motherson Sumi Wiring India Limited (MSWIL) 

Motherson Sumi Wiring India Limited (MSWIL) is a leading and fast-growing full-system solutions provider to OEMs in the wiring harness segment in India. Motherson Sumi Wiring India is a joint venture between Samvardhana Motherson International Limited (SAMIL) [Formerly Motherson Sumi Systems Limited] and Sumitomo Wiring Systems, Ltd. (SWS). The company is prepared to meet the customer needs at every stage of the supply chain, from initial product design and validation to tool design and manufacturing, finishing, processing, assembly, and finally, production of integrated cutting-edge Electrical and electronic Distribution Systems for the power supply or data transfer across vehicles. Motherson Sumi Wiring India Limited has a product profile that benefits from favourable industry trends of premiumisation, which leads to an increase in automobile electrification, and supports current and future automotive trends. (CIN – L29306MH2020PLC341326)

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