Q2 2026 Samvardhana Motherson International Ltd Earnings Call Transcript
Key Points
- Samvardhana Motherson International Ltd (BOM:517334) reported a strong performance with revenues of 30,173 crores, EBITDA of 2,719 crores, and a normalized PAT of 856 crores.
- The company achieved an 8.5% year-on-year revenue growth, outperforming the industry.
- The aerospace and consumer electronics businesses are showing strong momentum, with the aerospace segment delivering a 37% revenue growth in the first half of FY26.
- The company's order book stands at 87.2 billion, indicating strong future business prospects.
- The company is investing in growth, with two new greenfield projects operationalized and ten more in progress, expected to come on stream by FY27.
- The company faced $10 million in tariff-related costs impacting the P&L, which are expected to flow with a lead-lag effect.
- There were provisions of approximately 36 crores booked as an exceptional item during the quarter.
- The global light vehicles industry grew by only 3% year-on-year, with Europe remaining broadly stable and North America witnessing modest gains.
- The company's leverage remains stable at 1.1x net effective debt to EBITDA, with expectations to reduce it to 0.9 by year-end.
- The company's ROCE was impacted, standing at 14.2% at the end of September 2025, due to transitional impacts on profitability and inflated working capital.
Ladies and gentlemen, good day and welcome to the Q2 FY26 results conference call hosted by Samvahana Modarson International Limited.
As a reminder, all participant lines will be in the listen-only mode, and there will be an opportunity for you to ask questions after the presentation concludes. Should you need assistance during the conference call, please signal an operator by pressing and then 0 on your touchstone phone.
Please note that this conference is being recorded.
I now hand the conference over to Mr. VC Seal from Matherson.
Thank you and over to you, Mr. Seal.
Thank you. Good evening, ladies and gentlemen.
Thank you for joining the SA Results conference call. I'm pleased to announce that the board has approved the results of the second quarter of financial year 2026.
The company has delivered a strong performance, operating performance across all business divisions.
The teams have worked very hard to ensure
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