| Company | Value | Change | %Change |
|---|
The company’s revenue rose 8% YoY to ₹27,666 crore, though slightly below estimates of ₹29,371 crore.
EBITDA grew 13% YoY to ₹2,687.4 crore, broadly in line with estimates of ₹2,698 crore, while margins expanded to 9.7% from 9.2% a year ago, surpassing expectations of 9.2%.
One of the key highlights of the quarter was a significant reduction in gross debt, which declined by 28% sequentially. Net debt also fell by 9% quarter-on-quarter (QoQ), reflecting the company’s ongoing deleveraging efforts.The company stated that its leverage now stands at 0.9x, the strongest balance sheet position in recent years, providing financial flexibility to support future growth.
Segment Performance
Wiring Business: Revenue stood at ₹7,829 crore compared to ₹7,916 crore in Q3FY24. EBITDA improved to ₹924 crore from ₹851 crore, with margins expanding to 11.8% from 10.8%.
Modules & Polymer Products:
Revenue jumped to ₹14,614 crore from ₹12,754 crore, while EBITDA increased to ₹1,170 crore from ₹1,117 crore. However, margins saw a slight dip to 8.0% from 8.8%.
Vision Systems: Revenue declined marginally to ₹4,729 crore from ₹4,807 crore, while EBITDA slipped to ₹436 crore from ₹467 crore. Margins narrowed to 9.2% from 9.7%.
Integrated Assemblies: Revenue grew to ₹2,660 crore from ₹2,592 crore, with EBITDA rising to ₹353 crore from ₹322 crore. Margins expanded to 13.3% from 12.4%.
Emerging Businesses: This segment saw strong growth, with revenue surging to ₹2,693 crore from ₹1,959 crore. EBITDA also climbed to ₹360 crore from ₹251 crore, with margins improving to 13.4% from 12.8%.
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The company’s first plant for the Consumer Electronics business became operational during Q3 FY25 and is currently in the ramp-up phase. Two additional plants are on track to commence operations in FY26 and FY27.
In a strategic move to align capital expenditure with market dynamics, the company reduced its capex guidance by ₹500 crore to ₹4,500 crore (+/- 5%). This controlled spending approach is aimed at maintaining financial discipline while ensuring growth.
The company also announced two acquisitions during the quarter—Atsumitec and Baldi Auto—further strengthening its diversification and vertical integration strategy. Additionally, it secured empanelment across Airbus’ product portfolio, expanding its presence beyond the automotive sector.
Shares of Samvardhana Motherson traded lower on the BSE, closing at ₹125.95, down nearly 3%. Despite the strong quarterly performance, investor sentiment remained muted.
