Samvardhana Motherson International Ltd.Revenue +17%, EBITDA +26%

Samvardhana Motherson reported its highest-ever quarterly revenue in Q1 FY27, up 17% year on year and 3% sequentially, with EBITDA up 26% and margin up 60 bps, and normalised PAT up 55% with no one-off items.

Wiring harness revenue grew 31% on strong India demand and a North American commercial vehicle recovery, and aerospace revenue grew over 20% with its order book up more than 17% since FY26 end. Margins held despite copper up 40% year on year, German polymer prices up 55% and the freight index up 40%, aided by European restructuring. Capex was ₹1,614 Cr against an FY27 guide of ₹6,000 Cr plus or minus 10%, and leverage fell to an all-time low of 0.8x.

The third consumer electronics facility, about ₹6,500 Cr of capex for 40 million units a year, is on track for Q3 FY27 commissioning, with total programme capex near ₹7,500 Cr. Nexans Autoelectric and Yutaka Giken closed in July, adding about USD 2 billion of annualised revenue, and Shenzhen Autocruis was announced. Management said commodity recovery will show mainly in Q4.