MOTHERSONNSEfinancial year 2024-25May 29, 2025

Samvardhana Motherson International Limited

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Key numbers — 40 extracted
rs,
(E) MUMBAI – 400051, India BSE Limited 1st Floor, New Trading Ring Rotunda Building P.J. Towers, Dalal Street Fort MUMBAI – 400001, India Symbol : MOTHERSON Scrip Code : 517334 Ref. : Audit
INR 0.35
or the quarter and financial year ended on March 31, 2025; b) recommended a final dividend of INR 0.35/- (Paisa Thirty Five only) per equity share (face value of Re. 1/- each) on entire equity share ca
INR 0.50
e., on or before September 26, 2025. The final dividend will be in addition to Interim Dividend of INR 0.50/- (Fifty Paise only) paid for financial year 2024-25. c) Pursuant to Regulation 42 of SEBI (List
Rs 113,663 crore
n environment. Financial Highlights 12MFY25 vs 12MFY24. Q4FY25 vs Q4FY24. Revenue1 Revenue1 Rs 113,663 crores Rs 29,317 crores EBITDA EBITDA Rs 10,877 crores Rs 2,675 crores PAT (Concern Share) Rs 3
Rs 29,317 crore
ncial Highlights 12MFY25 vs 12MFY24. Q4FY25 vs Q4FY24. Revenue1 Revenue1 Rs 113,663 crores Rs 29,317 crores EBITDA EBITDA Rs 10,877 crores Rs 2,675 crores PAT (Concern Share) Rs 3,803 crores Notes
Rs 10,877 crore
4. Q4FY25 vs Q4FY24. Revenue1 Revenue1 Rs 113,663 crores Rs 29,317 crores EBITDA EBITDA Rs 10,877 crores Rs 2,675 crores PAT (Concern Share) Rs 3,803 crores Notes : 1. Revenue from operations 2
Rs 2,675 crore
24. Revenue1 Revenue1 Rs 113,663 crores Rs 29,317 crores EBITDA EBITDA Rs 10,877 crores Rs 2,675 crores PAT (Concern Share) Rs 3,803 crores Notes : 1. Revenue from operations 2 PAT (Concern Share
Rs 3,803 crore
rores Rs 29,317 crores EBITDA EBITDA Rs 10,877 crores Rs 2,675 crores PAT (Concern Share) Rs 3,803 crores Notes : 1. Revenue from operations 2 PAT (Concern Share) Rs 1,051 crores Well diversified
Rs 1,051 crore
PAT (Concern Share) Rs 3,803 crores Notes : 1. Revenue from operations 2 PAT (Concern Share) Rs 1,051 crores Well diversified business model enables resilience and sustainable growth even in tough env
15%
t Key Highlights 02/03. Strong platform delivering all-around growth. Outpacing the industry by ~15%, supported by content growth and M&As 17.2% ROCE at a consolidated level Net Debt to EBITDA 0.
17.2%
vering all-around growth. Outpacing the industry by ~15%, supported by content growth and M&As 17.2% ROCE at a consolidated level Net Debt to EBITDA 0.9x, Capex for the year at Rs 4,433 crores I
0.9x
5%, supported by content growth and M&As 17.2% ROCE at a consolidated level Net Debt to EBITDA 0.9x, Capex for the year at Rs 4,433 crores Improvements in ROCE despite expansions, M&A payouts an
Guidance — 20 items
Regd Office
opening
The results will be uploaded on Company’s website www.motherson.com in compliance with Regulation 46(2)(I)(ii) of SEBI LODR and will be published in the newspapers in terms of Regulation 47(1)(b) of SEBI LODR.
Notes
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Data represents automotive production volumes on 12M basis FY25 vs FY24 Global.
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YoY represents comparison between FY25 vs.
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FY24 Source: Light Vehicles: S&P Global Mobility; Light Vehicle Engine Type Production Forecast May 2025 / Commercial Vehicles: GlobalData; Commercial Vehicle Production Forecast May 2025 Automotive mega providing favorable tailwinds supporting content growth.
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EV Hybrid Europe 26.3% 29.0% 10.3% 10.7% 12.4% 34.7% North America 15.9% 17.1% 13.3% 6.3% 7.2% 8.1% Power Train Mix Continues to Evolve with Hybrids growing at a faster rate FY23 FY24 FY25 FY23 FY24 FY25 India 7.5% 1.2% 8.9% 9.8% 2.1% 2.7% China 22.7% 13.8% 31.3% 22.8% 25.9% 16.3% FY23 FY24 FY25 FY23 FY24 FY25 8 Source: S&P Global Mobility; Light Vehicle Engine Type Production Forecast April 2025 Trends of Premiumization and SUV continue to hold fort SAMIL has delivered a robust performance.
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FY25 EBITDA includes a positive one-time fair valuation gain of INR 178 crores (included in other income) on account of acquisition of controlling interest in one of the joint venture entity of SAMIL i.e.
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FY25 PAT includes a positive impact of 179 Crs on account of a) 133 Crs of post tax impact of the one -time fair valuation gain for the acquisition of controlling interest in joint venture entity i.e MASL b) 45 Crs as the net impact of Deferred tax assets creation and reversal in different 10 businesses, amortization of upfront fee on prepayment of loan and accelerated depreciation on revaluation Controlled Capex spend aligned with evolving production environment.
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in Crores) Capex 49% 39% 34% 1,932 2,391 2,183 43% 4,010 41% 4,433 50% 45% 40% 35% 30% 25% 20% 15% 10% 5% 0% Capex spend well within the reduced guidance for the year Growth capex specially in Emerging markets (non-auto businesses), continues unabated FY21 FY22 FY23 FY24 FY25 Capex Capex / EBITDA Ratio 7,000 6,000 5,000 4,000 3,000 2,000 1,000 - 11 1111 Whilst making strategic Investments in Emerging markets across industries.
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Greenfield in India for manufacturing and assembly of components for semiconductor manufacturing machines Capex guidance for FY 26 is Rs 6,000Cr (+/-10%) Capacity enhancement for existing supplies New geographies with existing products & solutions New capacities in emerging markets (India, China, Poland, Mexico) to meet customer demand across segments Strategic Greenfields in UAE for businesses to enhance geographic diversification and leverage expertise.
Notes
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CCD related debt has not been considered as it is a mandatorily convertible instrument without any actual payout of this debt, except for the contracted coupon rate For less than 1 year old acquired assets, LTM EBITDA is considered for a like for like comparison for FY24 and FY25 With continuous improvement in ROCE.
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Risks & concerns — 15 flagged
Revenue1 Revenue1 Rs 113,663 crores Rs 29,317 crores EBITDA EBITDA Rs 10,877 crores Rs 2,675 crores PAT (Concern Share) Rs 3,803 crores
Regd Office
Revenue from operations 2 PAT (Concern Share) Rs 1,051 crores Well diversified business model enables resilience and sustainable growth even in tough environment Key Highlights 02/03.
Notes
Against all macro challenges and a volatile automotive production environment.
Notes
FY24 EBITDA includes a positive impact of 197 Cr of contributed by customers towards forex losses in Q4FY24 3.
Notes
249 crores in respect of phased operational realignment of certain automotive capacities located in Europe c) positive impact of reversal of impairment and restructuring cost in respect to one subsidiary in Brazil amounting to Rs.
Notes
130 crores d) positive impact of Rs 231 cr on account of deferred tax assets in various geographies and e) positive impact of Rs 197 Cr contributed by customers for forex losses 4.
Notes
FY25 PAT includes a positive impact of 179 Crs on account of a) 133 Crs of post tax impact of the one -time fair valuation gain for the acquisition of controlling interest in joint venture entity i.e MASL b) 45 Crs as the net impact of Deferred tax assets creation and reversal in different 10 businesses, amortization of upfront fee on prepayment of loan and accelerated depreciation on revaluation Controlled Capex spend aligned with evolving production environment.
Notes
Capital employed is adjusted for impact of fair valuation and intangible assets created due to group wide reorganization completed in March 31, 2022, and capital work in progress and intangible assets under development.
Notes
It acts as an agent as per IndAS15 under these contracts and as required under the standard, it recognizes revenue only for the net amount it retains for the assembly services USD 25.7 Bn includes proforma impact of Atsumitec which was closed on 26 March 2025.
Note
in Crores) 10,877 178 5 10,699 Q4 FY25 12MFY24 12MFY25 PBT (before exceptional items and share of associates) PAT (Concern Share) 3,852 178 5 333 3,819 4,734 4,556 4,500 4,000 3,500 3,000 2,500 2,000 1,500 1,000 500 16 4 2,716 2,700 179 6 3,803 3,624 0.
Note
FY24 EBITDA includes a positive impact of 197 Cr of contributed by customers towards forex losses in Q4FY24 3.
Notes
33 Cr on account of a) Rs 293 crores of loss in net monetary position in subsidiaries located in the hyperinflationary economy of Argentina b) positive impact of reversal of impairment and restructuring cost in respect to one subsidiary in Brazil amounting to Rs.
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12M FY25 12M FY24 12M FY24 - 0 130 crores and c) positive impact of Rs 197 Cr contributed by customers towards forex losses.
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249 crores in respect of phased operational realignment of certain automotive capacities located in Europe c) positive impact of reversal of impairment and restructuring cost in respect to one subsidiary in Brazil amounting to Rs.
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130 crores d) positive impact of Rs 231 cr on account of deferred tax assets in various geographies and e) positive impact of Rs 197 Cr contributed by customers for forex losses 28 5.
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Regd Office
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Power of diversification and customer support
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Expected SOP
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Financial Performance
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Opening remarks
Regd Office
Unit – 705, C Wing, ONE BKC, G Block Bandra Kurla Complex, Bandra East Mumbai – 400051, Maharashtra (India) Tel: 022-61354800, Fax: 022-61354801 CIN No.: L35106MH1986PLC284510 Email: investorrelations@motherson.com 2. Auditors’ Reports on the Standalone and Consolidated Financial Results for the quarter and financial year ended on March 31, 2025; 3. Presentation on performance of the Company for the quarter and financial year ended on March 31, 2025; and 4. Copy of the Press Release issued by the Company. Pursuant to Regulation 33(3)(d) of SEBI LODR, as amended from time to time, we hereby declare that the Statutory Auditors of the Company have submitted their Report with unmodified opinion on Audited Financial Results of the Company (both Standalone and Consolidated) for the financial year ended March 31, 2025, as approved by the Board in its Meeting held today i.e. May 29, 2025. The results will be uploaded on Company’s website www.motherson.com in compliance with Regulation 46(2)(I)
Notes
1. Revenue from operations 2 PAT (Concern Share) Rs 1,051 crores Well diversified business model enables resilience and sustainable growth even in tough environment Key Highlights 02/03. Strong platform delivering all-around growth. Outpacing the industry by ~15%, supported by content growth and M&As 17.2% ROCE at a consolidated level Net Debt to EBITDA 0.9x, Capex for the year at Rs 4,433 crores Improvements in ROCE despite expansions, M&A payouts and industry headwinds Comfortable leverage position, working capital still at inflated levels, normalisation to aid further deleveraging 14 Greenfields under various stages of completion 09 Greenfields to come onstream during FY26 USD 88+ billion SAMIL’s booked business continues to be strong . Significant traction in non- automotive businesses Diversification and globally local strategy auguring well Growth across auto and non- auto 3 Spent calibrated as per market dynamics without compromising on growth related capex Fruitful discussions
Notes
1. Revenue from operations Industry headwinds, intensified by trade dynamics. Resulting in a challenging production outlook. 5 Most macro indicators remained largely stable, although uncertainty due to trade dynamics. EU, USA & India Inflation1 (in %) EU USA IND EU, USA & India Interest rates1 (in %) Energy prices for Germany (in Euro /MWh2) 8.0 6.2 5.8 5.0 2.6 3.3 6.3% 4.4% 2.2% 3.7 2.7 2.3 6.5% 5.4% 4.5% 6.3% 4.5% 2.7% 400 350 300 250 200 150 32 100 50 - 98 102 59 April 2025 90 145 125 105 85 65 45 25 5 Q4FY23 Q4FY24 Q4FY25 Q4FY23 Q4FY24 Q4FY25 Q4FY25 Q4FY25 Q4FY25 Copper & Aluminium USD / Metric Tonne2 World Container Index (USD1) Tariff Barriers Copper Alum inium April 2025 8,927 8,438 9,340 9,192 6,043 1,807 2,401 2,200 2,626 2,600 1313 1,717 2,929 April 2025 2,205 2,168 Uncertainty caused by evolving trade dynamics Q4FY25 Q4FY25 Q4FY25 Q4FY23 Q4FY24 Q4FY25 6 Sources : Bloomberg Indicates pre-covid level 1. All the data points are average for the closing numbers for each month in
Notes
1. Revenue from operations 2. FY24 EBITDA includes a positive impact of 197 Cr of contributed by customers towards forex losses in Q4FY24 3. FY24 PAT includes a positive impact Rs. 16 Cr on account of a) Rs 293 crores of loss in net monetary position in subsidiaries located in the hyperinflationary economy of Argentina b) exceptional loss provision of Rs. 249 crores in respect of phased operational realignment of certain automotive capacities located in Europe c) positive impact of reversal of impairment and restructuring cost in respect to one subsidiary in Brazil amounting to Rs. 130 crores d) positive impact of Rs 231 cr on account of deferred tax assets in various geographies and e) positive impact of Rs 197 Cr contributed by customers for forex losses 4. FY25 EBITDA includes a positive one-time fair valuation gain of INR 178 crores (included in other income) on account of acquisition of controlling interest in one of the joint venture entity of SAMIL i.e. Motherson Auto Solutions
Notes
Change in SOP date compared to what was announced earlier due to change in customer production schedules New Greenfield …utilising core engineering strengths to drive future growth. New solutions for the automotive industry New solutions for Non-automotive industries Greenfield in India for the Printed Circuit Board Assembly (PCBA) to support customers & strengthen vertical integration. Greenfield in India for manufacturing and assembly of components for semiconductor manufacturing machines Capex guidance for FY 26 is Rs 6,000Cr (+/-10%) Capacity enhancement for existing supplies New geographies with existing products & solutions New capacities in emerging markets (India, China, Poland, Mexico) to meet customer demand across segments Strategic Greenfields in UAE for businesses to enhance geographic diversification and leverage expertise. ~50% Growth Capex ~50% Regular Capex ~70% on Non-Auto businesses 13 13 (all figures are Rs. in Crores) Year end working capital inflated by ~2,000 Crs
Notes
1. Trade receivables include current and non current receivables. 14 Continued focus on deleveraging and maintaining financial discipline. (all figures are Rs. in Crores) Leverage Ratio1,2 1.9 1.2 35,00 0 30,00 0 25,00 0 20,00 0 15,00 0 10,00 0 5,000 0 1.4 1.4 0.9 Financial Policy 2.5x 2. 5 2. 0 1. 5 1. 0 0. 5 0. 0 Sustaining financial discipline and robust balance sheet strength 6,087 9,137 9,101 12,943 9,791 Mar-21 Mar-22 Mar-23 Mar-24 Mar-25 Effective Net Debt Leverage Ratio
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