By BullScreen Editorial Team 
Motherson Sumi Wiring India Limited reported its Q4 results 2026, delivering its strongest-ever quarterly and annual performance, with total revenue crossing the ₹100 billion mark for the first time. The company posted robust growth driven by strong demand in the domestic automotive sector, although profitability remained under pressure due to rising input costs.
For the quarter ended March 31, 2026, revenue rose 32.9% year-on-year to ₹3,335 crore, significantly outperforming industry volume growth of around 11%. Net profit (PAT) stood at ₹167 crore, up 1.2% YoY, while EBITDA came in at ₹271 crore, slightly down 1.1% compared to last year.
On a full-year basis, revenue increased 23.2% to ₹11,478 crore, while EBITDA grew 6.4% to ₹1,061 crore. Annual PAT rose 3.1% to ₹625 crore. The company has maintained a strong top-line compound annual growth rate (CAGR) of 19.3% since FY22, highlighting consistent business expansion.
However, margins were impacted by external cost pressures. Copper prices surged nearly 18% quarter-on-quarter, with INR prices rising to ₹1,259 per kg in Q4 FY26 compared to ₹875 in the same period last year. Additionally, the depreciation of the rupee, with USD/INR touching 91.52 versus 86.61 a year ago, added to input cost pressures.
Despite this, MSWIL maintained a strong balance sheet, remaining virtually debt-free with ₹66 crore in cash and bank balances against minimal external debt of ₹10 crore. The company has also invested over ₹381 crore in growth over the past two years while sustaining a dividend payout ratio of around 62%.
Operationally, the company continues to dominate the wiring harness segment, supplying to 9 of the top 10 best-selling passenger vehicle models in India. Passenger vehicles contributed 64% of total revenue, followed by two-wheelers at 12% and commercial vehicles at 10%.
Electric vehicle (EV) traction is gaining momentum, with EVs contributing 8.6% to Q4 revenue, up from 6.6% for the full year. The company currently operates 30 manufacturing facilities and employs over 60,000 people across India.
With new facilities in Navagam and Kharkhoda now operational and EV demand steadily rising, the company is positioned for continued growth, although margin performance will remain closely tied to commodity prices and currency movements.
| Metric | Q4 FY26 (₹ Cr) | YoY Growth | FY26 (₹ Cr) | YoY Growth |
|---|---|---|---|---|
| Revenue | 3,335 | +32.9% | 11,478 | +23.2% |
| EBITDA | 271 | -1.1% | 1,061 | +6.4% |
| Net Profit (PAT) | 167 | +1.2% | 625 | +3.1% |
| Segment | Revenue Contribution |
|---|---|
| Passenger Vehicles | 64% |
| Two-Wheelers | 12% |
| Commercial Vehicles | 10% |
| Off-Road / Agriculture | 6% |
| Others | 8% |
| Category | Details |
|---|---|
| Revenue Growth | ~33% YoY in Q4 (vs ~11% industry growth) |
| CAGR (Since FY22) | 19.3% |
| EV Revenue Share | 8.6% (Q4 FY26), up from 6.6% (FY26) |
| Debt Position | Virtually debt-free (₹66 Cr cash vs ₹10 Cr debt) |
| Capex Investment | ₹381 Cr invested in last 2 years |
| Dividend Payout | ~62% |
| Facilities | 30 plants across India |
| Workforce | 60,000+ employees |
| Copper Price Impact | ₹1,259/kg (vs ₹875 YoY) |
| USD/INR Impact | 91.52 (vs 86.61 YoY) |
Source: https://www.bseindia.com/xml-data/corpfiling/AttachLive/cece4ec2-1052-428c-b5cb-62b8146d1861.pdf