Motherson Sumi Wiring India, a leading full-system solutions provider to OEMs in the wiring harness segment in India, which is a joint-venture between Samvardhana Motherson International (SAMIL) [Formerly Motherson Sumi Systems] and Sumitomo Wiring Systems has announced its financial results for Q3 FY2024.
The company reported its highest-ever quarterly revenue and EBITDA of Rs 2,117 crore, up 25 percent YoY and Rs 262 crore, up 46 percent YoY respectively. The net profit came at Rs 168, up 58 percent YoY.
Vivek Chaand Sehgal, Chairman Motherson Sumi Wiring India said, “These strong quarterly numbers are the result of customer trust and our operational efficiencies. We remain focused on delivering high-quality products and solutions to our customers and supporting them in their plans. We will continue to invest in capacities to meet the future demand. I want to thank and congratulate our teams for their efforts and commitment, which have contributed to this stellar performance.”
Motherson Sumi Wiring India further stated it continued to maintained its status of a debt-free company and has innovative capabilities in place, serving all powertrain requirements (ICE, electric, and Hybrid among others).
