Motherson Sumi Wiring India Limited (MSUMI) Q1 Results FY27 Preview: Date, Time, Expectations & Key Things To Watch

CompoundingAI Research Updated July 30, 2026 3 min read

Motherson Sumi Wiring India Limited, a leader in automotive wiring harnesses, enters Q1 FY27 results with a focus on margin recovery amid strong industry-wide passenger vehicle demand. Investors will be watching for progress on Greenfield plant utilization and the impact of copper price pass-through mechanisms on the company's EBITDA margins.

Quick Details

Results date	August 04, 2026
Quarter	Q1 FY 2026-2027
Previous quarter revenue	Rs. 3,335 Cr
Previous quarter PAT	Rs. 167 Cr
Previous quarter EBITDA margin	10.0%
Market cap	Rs. 27,110.29 Cr
CMP	Rs. 40.88

Motherson Sumi Wiring India Limited Q1 Results Date and Time

The board meeting is scheduled for August 04, 2026, to consider and approve unaudited financial results for the quarter ended June 30, 2026.

The earnings conference call is scheduled for August 04, 2026, at 6:00 PM IST.

What to expect from Motherson Sumi Wiring India Limited's Q1 FY27 results

Revenue growth for Q1 FY27 is expected to remain robust, anchored by the record 25.9% YoY domestic passenger vehicle industry growth reported by SIAM for the quarter. EBITDA margins are anticipated to show a modest recovery from the 10.0% reported in Q4 FY26, though they likely remain below the 12.7% levels seen earlier in FY26 due to the 3-6 month lag in copper price pass-throughs. The Pune Greenfield plant, which operated at 40-50% utilization in Q4 FY26, remains a focal point for margin improvement as management targets a 70-80% utilization threshold for profitability. The company continues to benefit from its EV exposure, which reached 8.6% of revenue in Q4 FY26, supported by the extension of FAME II subsidies and the new FAME III framework. Management maintains its status as an ROCE-focused entity, with FY27 capex guided at approximately Rs. 200 Cr to support customer-led expansion.

Key Things To Watch

Copper margin recovery: Tracking the normalization of margins impacted by copper price volatility.

Assessment of Q4 FY26's 2-2.5% margin drag recovery through the 3-6 month pass-through mechanism
Impact of Q1 FY27 copper price trends on the cost of goods sold

Pune plant utilization: Monitoring the path to the 70-80% profitability threshold.

Update on volume recovery from the 40-50% utilization level reported in Q4 FY26
Progress on new business wins and filling capacity to reach optimal utilization within the next 2-3 quarters

Performance vs Guidance Tracking: Tracking progress against stated FY27 targets.

Capex — Rs. 200 Cr for FY27 — Guidance confirmed in Q4 FY26
Greenfield EBITDA breakeven — Improvement expected by Q2 FY27

EV revenue trajectory: Observing the growth in electronic content and EV program wins.

Did EV revenue share exceed the 8.6% level achieved in Q4 FY26?
Status of new EV program wins and localization progress

Frequently Asked Questions

What is the status of the Greenfield plants' profitability?

Management expects Greenfield EBITDA margins to turn profitable at 70-80% utilization. The Pune plant, currently at 40-50% utilization, is expected to reach optimal levels within 2-3 quarters from Q3 FY26.

How does the company manage copper price volatility?

The company employs a complete pass-through mechanism with customers, which operates on a 3-6 month lag cycle. Management has stated that if copper prices stabilize, margins are expected to normalize.

What is the company's approach to margins and capital allocation?

Management explicitly states they are an ROCE-focused company and do not provide guidance on margins. They have consistently delivered approximately 40% ROCE and prioritize capacity expansion only when backed by firm customer orders.

Is the company's revenue growth outpacing the industry?

Yes, the company consistently outpaces industry growth, evidenced by FY26 revenue growth of 23.2% compared to single-digit industry volume growth. In Q1 FY27, the company is expected to continue this trend, supported by strong passenger vehicle demand and scaling Greenfield revenues.