Samvardhana Motherson released its financial results for the quarter ended June 2025 (Q1 FY26), posting a 48.5% year-on-year drop in net profit to ₹511.84 crore from ₹994.17 crore in the same quarter last year. Revenue, however, rose 4.7% to ₹30,212 crore from ₹28,867.96 crore a year earlier, indicating modest growth in overall sales.
Total income stood at ₹30,292.48 crore, compared with ₹28,938.84 crore a year earlier, while total expenses increased to ₹29,408.42 crore from ₹27,601.70 crore.
Profit before exceptional items and share of profit from associates and joint ventures was ₹884.06 crore, down from ₹1,337.14 crore a year ago. The company booked exceptional expenses of ₹136.49 crore during the quarter.
Share of profit from associates and joint ventures rose to ₹124.27 crore from ₹108.06 crore in Q1 FY25. Operating margin for the quarter stood at 3.9%, compared with 5.9% in the year-ago period, while net profit margin fell to 2% from 3.8%.
However, on a standalone basis, its net profit more than doubled, rising 111% to ₹355.24 crore in Q1FY26 from ₹167.95 crore in Q1FY25. Revenue from operations rose 10.4% to ₹2,742.33 crore in the FY26 June quarter from ₹2,482.95 crore in the June quarter year-ago.
Segment-wise, the wiring harness business generated ₹8,640.15 crore in revenue, modules and polymer products ₹15,008.26 crore, vision systems ₹5,137 crore, integrated assemblies ₹2,818.95 crore, and emerging businesses ₹3,701.69 crore.
Vivek Chaand Sehgal, Chairman, Motherson, said, “ We are well-positioned to navigate evolving tariffs with the majority of our sales in the US being USMCA compliant. For non USMCA compliant parts, agreements with customers to pass on related costs are in progress, albeit with a lag. Further, recently levied tariffs on India do not have any material impact on our operations. While uncertainties in the business environment persist, it also offers inorganic opportunities for growth. The trust and confidence of our customers continue to be a key driver of our success. Our teams across the globe are committed to delivering on our vision and creating long-term value for our stakeholders.”