Motherson Sumi Wiring India Limited — Q2FY27 earnings call summary

Filed 04 November 2026 · Official transcript

Capex guidance ~Rs 200 Cr for FY27; FY28 capex uncertain pending customer schedules
Multiple analyst queries on copper pass-through lag and margin outlook; management expects margin improvement within FY27
Industry growth expected to remain healthy in H2FY27 despite higher base; new model launches and premiumization to drive content
Greenfield plants ramped up to optimal utilization supporting volume growth
Copper price up 54% y-y with 3-month lag in pass-through; ongoing customer negotiations for cost recovery
Company focused on cost optimization, digitization, and automation to sustain margins and growth
Q2FY27 revenue grew 47% y-y and 19% q-q; EBITDA up 34% y-y and 45% q-q; PAT rose 35% y-y and 54% q-q
EBITDA margin improved to 9.2% from 7.6% in Q1 despite copper price and wage inflation