Mumbai– 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
| Q4FY24 | INR Crores | Growth on YoY basis |
| Revenues | 2,233 | +19% |
| EBITDA | 291 | +32% |
| PAT | 191 | +38% |
Motherson Sumi Wiring India Limited (MSWIL)
Motherson Sumi Wiring India Limited (MSWIL) is a leading and fast-growing full-system solutions provider to OEMs in the wiring harness segment in India. Motherson Sumi Wiring India is a joint venture between Samvardhana Motherson International Limited (SAMIL) [Formerly Motherson Sumi Systems Limited] and Sumitomo Wiring Systems, Ltd. (SWS). The company is prepared to meet the customer needs at every stage of the supply chain, from initial product design and validation to tool design and manufacturing, finishing, processing, assembly, and finally, production of integrated cutting-edge Electrical and electronic Distribution Systems for the power supply or data transfer across vehicles. Motherson Sumi Wiring India Limited has a product profile that benefits from favourable industry trends of premiumisation, which leads to an increase in automobile electrification, and supports current and future automotive trends.
