Business NewsResearch ReportsMotherson Wiring Q3 Review: Startup Costs Of Greenfield Plants Dent Profitability— Motilal Oswal Retains 'Buy'
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Motherson Wiring Q3 Review: Startup Costs Of Greenfield Plants Dent Profitability— Motilal Oswal Retains 'Buy'

Motilal Oswal believes Motherson Wiring deserves rich valuations, given its strong competitive positioning, top-decile capital efficiency, benefits of electric vehicles and other megatrends in autos.

07 Feb 2025, 09:04 AM IST i
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<div class="paragraphs"><p>Motherson Sumi Wiring India Ltd.’s Q3 FY25 profitability missed our estimate, as start-up costs of new plants affected Ebitda/PAT by Rs 400 million/Rs 320 million.</p><p>(Source: Company)</p></div>
Motherson Sumi Wiring India Ltd.’s Q3 FY25 profitability missed our estimate, as start-up costs of new plants affected Ebitda/PAT by Rs 400 million/Rs 320 million.

(Source: Company)

Motherson Wiring is in various stages of completion for the three new greenfield plants as below: Pune plant – SOP for EV + ICE plant has begun in Q2, while the same for EV only plant will begin in Q4 FY25; Navagam (Gujarat) plant – SOP for EV only plant by Q1 FY26 and the same for EV + ICE plant by Q2 FY26; SOP for Karkhoda plant by Q2 FY26.
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