Samvardhana Motherson International

“The third facility remains on track for commissioning in the third quarter of FY '27 and will bring added upstream integration capabilities.”

“As of now, we have more or less incurred 1/3 of it, 1/3 of INR 7,500 crores, and balance is expected to be incurred in the next 2 to 3 years.”

“we are trying our best to commission this facility later in the current calendar year.”

“The complete capex requirement of Phase 1 would be finished in this year and it will ramp very close to the facilities to be ready.”

“We will have a formal inauguration in a couple of months as well for that facility, It should be the largest facility in Motherson.”

“Again, yes and thereabouts. I think, again, depending on the program that we win and the number of processes that, that product has, we could definitely do a little bit more than that or less depending again on the programs. But yes, it's going to be significantly more than what we are doing right now.”

“And hopefully, with the launch of this, we will be able to showcase to this customer and to other customers that we could now perhaps attempt to double the size of this facility with our capabilities, with the learnings and everything that we have got.”

“Our Aerospace business delivered revenue growth of over 20% year-on-year, while the order book grew by more than 17% since FY '26 end, giving us strong visibility on future growth.”

“So, all that is happening as we speak and I think you will see that impact in the next couple of quarters as these plants launch.”

“But what we are doing and the capacities that we are setting up in this facility are already completely taken by the customer that we have.”

“Within wiring harness, there was strong momentum in India, combined with the recovery in the North American commercial vehicle business, which drove 31% year-on-year revenue growth.”

“The modules and polymer, vision systems as well as integrated assemblies businesses grew in-line with the industry.”

“So again, depending on how this thing performs, which we are very hopeful and positive about, this should be good candidates for these companies to be standing on their own feet, funding their own capex and growing up on their own.”

“Globally, the light vehicle industry de-grew by 1.8% year-on-year during the quarter, led by weaknesses in China, the largest automotive market, which de-grew by 3.1%.”

“Planned European OEM launches are expected to support industry growth in the quarters and years ahead.”

“On the commercial vehicle side, a recovery in North American market has sustained the CV industry's growth momentum, which is estimated to have grown 5.4% year-on-year.”

“The outlook for the CV industry remains favorable through FY '27.”

“So, we have seen a lot of the local Chinese OEMs also been added to our product mix in China.”

“EBITDA grew by 26% during the quarter, ahead of revenue growth, with EBITDA margin improving by 60 basis points year-on-year.”

“This improvement was primarily driven by the modules and polymer business, wherein the restructuring initiatives undertaken over the last 1.5 years to breathe with the market helped absorb input cost inflation and deliver year-on-year margin improvement.”

“On a year-on-year basis, copper prices are now up 40%, creating near-term input cost pressures, as these costs are typically passed on to the customers with a lag of 1 or 2 quarters.”

“Geopolitically driven crude price inflation also pushed polymer prices in Germany up by 55% year-on-year and 66% sequentially. This primarily affected our MPP and Vision Systems divisions.”

“Freight costs were similarly affected, with the World Container Index up 40% year-on-year and 83% sequentially. In certain instances, we incurred additional costs to ensure timely delivery to our customers.”

“Yes, for the consumer electronics business, our joint venture partner does have 10%. So they are bringing 10% of their equity. They do have an opportunity to go up to 49%, but at the moment they are holding that 10%. So, we are funding 90% of the equity.”

“Right now, we don't have any indication that they want to go up.”

“We also completed the acquisition of Nexans Autoelectric and Yutaka Giken in July.”

“See, as of now, not necessarily the newly acquired businesses are meeting the comparable industry benchmark.”

“Yes, absolutely. I think how we do it, what are the semantics, that's something that will depend on what the structure of that business is, what is the best way to create value.”

“So, the impact has been very, very high in India because the impact is also having the currency factor with the rupee depreciation.”

“Of course, if the impact is there is something that is really out of the extraordinary in terms of some of the logistics costs because of what happened with Strait of Hormuz and stuff like that, we look for immediate support on things like that.”

“So of course, there will be work that will have to be done. because these would require homologation. They would have to clear all the requirements that we have from the regulators.”

“Revenue grew by 17% year-on-year and 3% sequentially during the quarter.”

“Normalized PAT grew by 55% in the first quarter of FY '27, driven by the scale-up across our businesses. There were no one-off items impacting PAT this quarter.”

“We have our own Company inside called ROBIS, which has done some stellar work to be able to help manufacturing and automation drive that we are putting in all our facilities globally.”

“And again, once these become meaningful in size, we will bifurcate them so that you will get a more detailed picture on, for example, consumer electronics itself”

“We do have a very small product line that is only focused on ICE, but our majority of our product portfolio is applicable to the entire car”