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Motherson Sumi Wiring India reports 4% drop in net profit, missing analyst forecasts amid rising costs.
Motherson Sumi Wiring India's net profit fell 4% to 1.43 billion rupees in the first quarter of 2025-26, below analysts' expectations, due to higher costs from new projects.
Despite a 14% revenue increase to 24.95 billion rupees, expenses rose nearly 16%, outpacing revenue growth.
The company's electric vehicle (EV) segment now accounts for 5.4% of total revenue.
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Motherson Sumi Wiring India informa una caída del 4% en las ganancias netas, perdiendo las previsiones de los analistas en medio del aumento de los costos.