Motherson Sumi Wiring India Limited (MSWIL) reported a net profit of ₹139.98 crore for the third quarter of FY25, reflecting a 16.6% year-on-year decline from ₹167.86 crore in Q3 FY24. Despite the dip in profits, the company’s revenue from operations grew by 10% YoY to ₹2,325.64 crore, driven by higher demand in the wiring harness business.
Key Financial Highlights (Q3 FY25)
- Revenue from operations: ₹2,325.64 crore (up 10% YoY from ₹2,114.53 crore).
- Total income: ₹2,330.39 crore, compared to ₹2,115.60 crore in Q3 FY24.
- Profit before tax (PBT): ₹202.72 crore, down from ₹218.99 crore in the same quarter last year.
- Net profit: ₹139.98 crore, a 16.6% decline from ₹167.86 crore in Q3 FY24.
- Earnings per share (EPS): ₹0.34 (compared to ₹0.38 in Q3 FY24).
- Total expenses: ₹2,127.67 crore, increasing from ₹1,896.61 crore in the year-ago period.
The revenue growth was driven by an increase in orders from the automotive sector, while rising costs in raw materials, employee expenses, and finance costs weighed on the company’s profitability.
The company also reported a decline in inventory costs and an increase in depreciation expenses, which impacted the bottom line.
- The company remains optimistic about future demand, backed by strong growth in India’s automobile sector.
- MSWIL continues to focus on cost optimization and operational efficiency to mitigate margin pressures.
- The Board of Directors approved the financial results on February 6, 2025, and the full report is available on the company’s website.
With steady revenue growth and strategic efficiency measures, the company aims to maintain its leadership in the wiring harness industry despite near-term cost pressures.
