Motherson Sumi Wiring India Limited results ended FY24 on a strong note, reporting revenues of Rs.2,233 crores and a PAT of Rs.191 crores for Q4FY24

May 16, 2024

Bengaluru, 16th May 2024 – Motherson Sumi Wiring India Limited (MSWIL) today announced its financial results for the fiscal 2023-24 fourth quarter, which ended on 31st March 2024.

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

This robust performance demonstrates our resilience, agility, and strategic focus on delivering value to our customers. It also reflects our teams’ hard work and efforts towards supporting our customers. We are well-positioned to leverage our strengths and capitalise on new opportunities in the evolving market landscape. Through our relentless focus on the development of human resources, new products, localisation and enhancing manufacturing excellence through digitisation, we continue to enhance our product offerings and competitiveness and drive long-term value creation for our stakeholders.

Key Highlights

• Best-ever quarterly and yearly performance for Revenue and EBITDA.

• Consistent financial prudence has enabled to maintain a debt-free status.

• Strengthening presence across India with 26 existing and 2 upcoming facilities to support demand from our customers.

• ROCE of 48%, delivering >40% ROCE continuously.

• Proud to be part of India’s top-selling passenger vehicles, EV PVs and EV 2W models.

Financial Performance