MOTHERSON SUMI WRNG IND L

During the earnings call for Q1 FY27, management reported a resilient performance, highlighting revenue growth driven by strong customer relationships and expansion into greenfield projects. Despite facing cost headwinds from elevated copper prices and increased manpower costs, management noted ongoing discussions with customers to recover these costs. The contribution from electric vehicles (EVs) was significant, accounting for 8.5% of revenues. Management confirmed that greenfield projects achieved break-even in the previous quarter, maintaining revenue levels in Q1. They also discussed the impact of minimum wage hikes, particularly in the NCR region, and the ongoing negotiations with customers regarding cost pass-throughs. Overall, management expressed confidence in the company's future, emphasizing their commitment to long-term relationships with customers and the potential for growth in the EV sector.

Management highlighted both challenges and positive developments during the earnings call.