MSUMI

Current Performance & Demand - Revenue grew 47% YoY and 19% QoQ; EBITDA grew 34% YoY and PAT rose 35% YoY. - Passenger vehicle industry grew 25% YoY; company outperformed driven by premiumization and higher content per vehicle. - EV segment contributed 10% of quarterly revenues (9.3% in H1). Operational Updates & Capacities - Three Greenfield plants (Kharkhauda, Gujarat, Pune) have ramped up and reached optimal utilization levels. - Capacity expansion is typically triggered when overall utilization reaches around 80%. Margin Trends & Raw Materials - EBITDA margin improved sequentially to 9.2% from 7.6% due to operating efficiencies. - Copper prices rose 54% YoY and 6% QoQ; copper is a pass-through item with a typical 3-month lag. - Adjusting for copper inflation (12%), underlying revenue growth was 35%, mirroring EBITDA growth of 34%. Capex & Outlook - Guided capex of approximately ₹200 Cr for FY27, in line with the previous year. - Outlook for H2 remains positive driven by festive demand and new program launches, though comparison is on a higher base.

- Audio recording of the Earnings Conference Call for Q2 and H1 ended September 30, 2026, has been uploaded on the company's website. - Link is accessible under the Analyst Call Transcripts section on the company website.

- Q2 FY27 Revenue grew 47% YoY to ₹4,054 Cr compared to ₹2,762 Cr in Q2 FY26. - EBITDA rose 34% YoY to ₹374 Cr; PAT increased 35% YoY to ₹223 Cr. - EV share of revenue reached 10% in Q2 FY27. - Growth driven by higher content per vehicle and new EV/ICE model wins.

Q2 FY27 Revenue ₹4,054Cr vs ₹2,762Cr (▲47% YoY) EBITDA ₹374Cr vs ₹280Cr (▲34% YoY) PAT ₹223Cr vs ₹165Cr (▲35% YoY) EBITDA Margin 9.2% vs 10.1% (▼91bps)

- Motherson Sumi Wiring reported Q2 FY27 revenue of ₹4,054 crore, up 47% YoY and 19% QoQ. - Growth was driven by higher customer volumes, increased content per vehicle, and new EV/ICE platform wins. - Expansion and Greenfield ramp-ups supported volumes despite higher copper prices and cost inflation.

Concall Schedule Concall Date: 30th October 2026 (Friday) Concall Time: 18:00 hrs IST

- Trading window closed for designated persons from October 1, 2026. - Closure remains effective until 48 hours post declaration of Q2 & H1 FY27 unaudited financial results. - Board meeting date for financial results will be intimated in due course.

- Niche Ninety Nine Capability and Certifications (OPC) Private Limited has assigned an ESG rating of 72 to Motherson Sumi Wiring India Limited, confirmed on September 16, 2026. - The Company clarified that it has not engaged Niche for this rating, and it was independently prepared based on public information.

- Investor/Analyst Meeting Schedule - Date: Friday, September 18, 2026 - Meetings: - Investor Meeting with Waverton Asia Pacific Fund (Noida, 12:30 - 13:30 IST) - Analyst Meeting with Arihant Capital Markets Ltd. (Virtual, 15:00 - 16:00 IST) - No Unpublished Price Sensitive Information (UPSI) will be shared.

- Concall Schedule - Investor Meeting with Waverton Asia Pacific Fund on September 18, 2026, from 12:30 PM to 1:30 PM IST in Noida. - Analyst Meeting with Arihant Capital Markets Ltd. on September 18, 2026, from 3:00 PM to 4:00 PM IST (Virtual).

- Investor Meeting Schedule - Meeting Date: Thursday, September 10, 2026 - Meeting Time: 11:30 Hours (IST) to 12:00 Hours (IST) - Meeting With: Enam Asset Management Company Pvt. Ltd.

- Motherson Sumi Wiring India Limited received an ESG Rating of "72" from NSE Sustainability Ratings & Analytics Limited on September 3, 2026. This rating reflects the company's performance on Environmental, Social, and Governance parameters.

- Investor Meetings Scheduled - Sep 8, 2026 (1500-1600 IST) with Ventura Securities (Virtual) - Sep 9, 2026 (1500-1600 IST) with Karma Capital (Noida) - Sep 9, 2026 (1700-1800 IST) with Franklin Templeton Offshore (Virtual)

- Investor Meeting Schedule: - Sep 8, 2026 (1500-1600 IST): Virtual meeting with Ventura Securities. - Sep 9, 2026 (1500-1600 IST): Noida meeting with Karma Capital. - Sep 9, 2026 (1700-1800 IST): Virtual meeting with Franklin Templeton Offshore. - No unpublished price sensitive information will be shared.

- Investor Meeting Schedule: - Sep 8, 2026, 15:00-16:00 IST: Virtual meeting with Ventura Securities. - Sep 9, 2026, 15:00-16:00 IST: Noida meeting with Karma Capital. - Sep 9, 2026, 17:00-18:00 IST: Virtual meeting with Franklin Templeton Offshore. No unpublished price sensitive information will be shared.

- Concall Schedule - Concall Date: September 2, 2026 - Concall Time: 10:00 AM (IST) to 4:50 PM (IST)

- CRISIL ESG Ratings & Analytics Ltd. has assigned an independent CRISIL ESG rating of '67' as 'Strong' and CRISIL Core ESG rating '70' to Motherson Sumi Wiring India Limited (MSWIL). - The report is dated August 20, 2026, and reflects the company's performance on Environmental, Social, and Governance parameters for FY 2025-26.

- Resilient performance in Q1 FY27 despite cost headwinds from elevated copper prices and increased manpower costs (30-40% minimum wage hike in NCR). - Greenfield projects maintained break-even and previous quarter's revenue levels; expected to contribute to the bottom line in 1-2 quarters. - EV contribution strong at 8.5% of Q1 FY27 revenues. - Copper price increases have a 3-6 month pass-through lag; discussions ongoing with customers for minimum wage hike recovery. - Expectation for gross margins to return to 34-36% in the next 6 months, assuming raw material cost stabilization. - New automotive architectures are seen as value-enhancing, increasing content per vehicle; no de-contenting observed in India. - Current year's Capex will be funded through internal accruals.

- Motherson Sumi Wiring India Limited will engage in investor/analyst meetings at the Nuvama India Conference 2026 in Singapore on August 11, 2026, from 0900 to 1800 Hours.

- Investor Meeting Schedule - Meeting Date: August 12, 2026 (Wednesday) - Meeting Time: 10:00 Hours (IST) to 18:00 Hours (IST) - Organized by: Emkay Global Financial Services Limited for Emkay Confluence 2026

- Audio of the earnings call for the first quarter ended June 30, 2026, un-audited financial results has been uploaded to the company's website. - The audio is available under the 'Investor Section/Analyst Call Transcripts'.

- Revenue ₹3,407Cr vs ₹2,494Cr (▲37% YoY) - EBITDA ₹258Cr vs ₹244Cr (▲6% YoY) - PAT ₹145Cr vs ₹143Cr (▲1% YoY) - EBITDA Margin 7.6% vs 9.8% (▼220bps)

- Consolidated Revenue ₹3,407Cr vs ₹2,494Cr (▲37% YoY) - EBITDA ₹264Cr vs ₹245Cr (▲8% YoY) - PAT ₹145Cr vs ₹143Cr (▲2% YoY) - EBITDA Margin 7.7% vs 9.8% (▼210bps)

- The 6th Annual General Meeting was held on July 28, 2026. - For FY 2025-26, revenue grew 23.2% to ₹11,478 crore and EBITDA increased 6.4% to ₹1,061 crore. - A final dividend of 0.58 paise per share was declared. The company remains debt-free. - FY 2026-27 Capex is expected to be in line with previous year.