Bengaluru – 31st January 2024 – Motherson Sumi Wiring India Limited (MSWIL) today announced its financial results for the fiscal 2023-24 third quarter, which ended on 31st December 2023
Mr. Vivek Chaand Sehgal, Chairman Motherson Sumi Wiring India Ltd., 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.”
Key Highlights
- Highest ever Quarterly Revenue & EBITDA
- Maintained status of a debt-free company
- Proudly supplying wiring harness solutions to leading automotive OEMs in India.
- New-age innovative capabilities are in place, serving all powertrain requirements (ICE, Electric, Hybrid, etc.)
- Expanding capacities to support customer expansion plans.
Financial Performance
| Q2FY24 | INR Crores | Growth on YoY basis |
| Revenues | 2,117 | +25% |
| EBITDA | 262 | +46% |
| PBT | 219 | +55% |
| PAT | 168 | +58% |
