New Delhi, Oct 30 (PTI) Auto component major Motherson Sumi Wiring India Ltd on Friday posted 35 per cent growth in net profit at Rs 223.37 crore for September quarter FY27 as increased content per vehicle and orders for new models drove the company's revenue higher.
In the year-ago period, the company's net profit was Rs 165.34 crore. EBITDA grew 33.6 per cent to Rs 374 crore. Revenue from operations rose to Rs 4,053.83 crore from Rs 2,761.86 crore, according to an exchange filing.
Motherson Sumi, a joint venture between Samvardhana Motherson International Ltd and Sumitomo Wiring Systems, noted that premiumisation-led higher content per vehicle and new electric and ICE vehicle model wins continued to be the key growth driver.
"The growth in the business has been supported by higher customer volumes, increasing content per vehicle and our participation in new model launches across both EV and ICE platforms," said Chairman Vivek Chaand Sehgal.
However, the company flagged pressure on input costs. "Copper prices continued to rise, increasing around 6 per cent sequentially and 54 per cent year-on-year, continuing commodity cost pressures," the company said.
EBITDA margin contracted to 9.2 per cent during the quarter from 10.1 per cent in the year-ago period. Total expenses during the quarter increased by 47.8 per cent to Rs 3,755.64 crore as cost of material consumed jumped 55 per cent to Rs 2,905.46 crore.
