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Informist, Tuesday, Feb. 10, 2026

 

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--Samvardhana Motherson Oct-Dec consol net profit INR 10.24 bln
--Analysts saw Samvardhana Motherson Q3 consol net profit at INR 9.80 bln
--Samvardhana Motherson Oct-Dec consol revenue INR 314.09 bln
--Analysts saw Samvardhana Motherson Q3 consol revenue at INR 310.63 bln
--Samvardhana Motherson Q3 consol PAT INR 10.24 bln vs INR 8.79 bln
--Samvardhana Motherson Q3 consol revenue INR 314.09 bln vs INR 276.66 bln
--Samvardhana Motherson Apr-Dec consol PAT INR 23.63 bln vs INR 27.53 bln
--Samvardhana Q3 modules, polymer pdt sales INR 157.75 bln vs INR 146.14 bln
--Samvardhana Motherson Apr-Dec consol sales INR 917.94 bln vs INR 843.46 bln
--Samvardhana Q3 vision system sales INR 52.47 bln vs INR 47.29 bln
--Samvardhana Q3 wiring harness sales INR 90.83 bln vs INR 78.29 bln
--Samvardhana Motherson Q3 consol operating margin 5.3% vs 5.5% yr ago
--Samvardhana Motherson Oct-Dec consol EBITDA INR 30.42 bln 
--Samvardhana Motherson spent INR 15.94 bln on capex in Oct-Dec 
--Samvardhana Motherson: Recently announced M&As likely to close in Apr-Sept 
--Samvardhana Motherson Oct-Dec consol EBITDA up 10% on year 
--Samvardhana Motherson: PV, CV volumes from emerging markets grew in Oct-Dec 
--Samvardhana Motherson: Saw softness in PV segment in Q3 in developed markets 
--Samvardhana plans new vision system plant in Pune, to finish by Q1 FY28 
--Samvardhana plans new wiring harness plant in Morocco, to finish by Q1 FY27

 

By Sunil Raghu

 

AHMEDABAD – Samvardhana Motherson International Ltd. reported a growth in its consolidated net profit for the December quarter, a first in four quarters, and the highest revenue growth in five quarters as automobile production picked up in India and China.

 

The company's consolidated net profit was up 16.5% on year at INR 10.24 billion, higher than analysts' estimate of INR 9.80 billion. Its consolidated revenue for the reporting quarter rose 13.5% on year to INR 314.09 billion. Sequentially, the company's revenue was up 4.1%.

 

The company's revenue for the December quarter was also higher than analysts' estimate of INR 310.63 billion. The growth in revenue was supported by organic growth, integration of mergers and acquisitions, and favourable foreign exchange. The bottom line was boosted by a reduction in finance cost and better contribution from joint ventures and associates, according to the company's presentation.

 

Analysts had expected the company's top line to get a boost from the consolidation of operations of Japanese metals and machining company Atsumitec, which it bought in the financial year 2024-25 (Apr-Mar).

 

"This quarter is a significant step towards reaffirming Motherson's position as a global design, engineering, manufacturing, assembly, and logistics specialist," Vivek Chaand Sehgal, chairman of the Motherson Group, said in a note. "Customer trust, combined with our diverse capabilities, traction across automotive and non-automotive businesses, and the dedication of our global teams has resulted in our highest-ever quarterly revenues."

 

Samvardhana Motherson manufactures automotive components and has a growing presence in select non-automotive sectors as well. While it earns most of its revenue from making modules and polymer products, it also has a sizeable presence in wiring harnesses, camera-based vision systems, and integrated assemblies such as cockpit and door modules.

 

The company's December quarter revenue from modules and polymer products sales was INR 157.75 billion, up from INR 146.14 billion a year ago. Its revenue from the wiring harness segment for the quarter was INR 90.83 billion, also up from INR 78.29 billion a year ago. Revenue from vision system sales was INR 52.47 billion, up from INR 47.29 billion a year ago.

 

Emerging markets continued to demonstrate growth in volumes during the quarter, with global commercial vehicle sales registering 9% year-on-year rise. However, passenger vehicles sales remained slightly softer in the developed markets, the company stated in its presentation.

 

The company's total expenses rose over 13% on year to INR 300.28 billion. The cost of materials consumed rose nearly 8% on year to INR 166.44 billion while employee benefit expenses were up nearly 10% on year at INR 78 billion. The depreciation and amortisation expense was up nearly 19% on year at INR 13.21 billion.

 

Samvardhana Motherson's consolidated earnings before interest, taxes, depreciation, and amortisation was INR 30.42 billion, up over 10% from INR 27.76 billion a year ago. The company's consolidated EBITDA margin for the quarter was 5.3%, down slightly from 5.5% in the year-ago quarter. Its capital expenditure during the quarter was INR 15.94 billion, up sharply from INR 8.91 billion a year ago. The company's capital expenditure for the nine months ended Dec. 31 was INR 42.47 billion.

 

The company announced two new greenfield projects in the December quarter for the automotive business, taking its total greenfield projects in different stages of completion to 12. The new projects include a wiring harness plant in Morocco, North Africa, which it proposes to complete by the June quarter. The other is a vision system plant in Pune, Maharashtra, likely to be completed by the June quarter in 2027.

 

The company's Apr-Dec consolidated net profit was INR 23.63 billion, down over 14% on year. The consolidated revenue for the nine-month period was INR 917.94 billion, up around 9% on year. On the National Stock Exchange, shares of Samvardhana Motherson closed at INR 129.43 per share, up over 4%.  End

 

Edited by Rajeev Pai

 

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