Analysts/Institutional Investor Meet/Con. Call Updates

November 4, 2026 National Stock Exchange of India Limited BSE Limited Exchange Plaza, 5th Floor Phiroze Jeejeebhoy Towers, Plot No. C/1, G-Block Dalal Street, Mumbai – Bandra-Kurla Complex 400001, Maharashtra, India Bandra (E) MUMBAI – 400051, India Scrip Code : MSUMI Scrip Code : 543498 Subject: Transcript of the Investor call Dear Sir/ Madam, This is with reference to our letter dated October 30, 2026 for Audio of Conference Call with the investors on the unaudited financial results for the second quarter and half year ended September 30, 2026. In this connection, please find enclosed herewith the transcript of the aforesaid conference call. The above information has also been made available on the website of the company www.mswil.motherson.com at https://www.mswil.motherson.com/performance/investors/ /analyst-call-transcripts Transcript-of-the-investor-call-on-Q2FY27-results.pdf The above is for your information and records. Thanking You, Yours truly For Motherson Sumi Wiring India Limited Pooja Mehra Company Secretary Regd. Office: Motherson Sumi Wiring India Limited Unit – 705, C Wing, ONE BKC, G Block Bandra Kurla Complex, Bandra East Mumbai – 400051, Maharashtra (India) Tel: 022-61354800, Fax: 022- 61354801 CIN No.: L29306MH2020PLC341326 E-mail: investorrelations@mswil. motherson.com Website:www.mswil.motherson.com Motherson Sumi Wiring India Limited Q2 FY'27 Results Conference Call October 30, 2026 Mr. Vivek Chaand Sehgal Chairman Motherson Sumi Wiring India Limited. (MSWIL) Mr. Laksh Vaaman Sehgal Director Motherson Sumi Wiring India Limited. (MSWIL) Mr. Anurag Gahlot Chief Operating Officer and Whole Time Director Motherson Sumi Wiring India Limited. (MSWIL) Mr. Gulshan Chief Financial Officer Motherson Sumi Wiring India Limited. (MSWIL) Mr. Pankaj Mital Whole-time Director and President Samvardhana Motherson International Limited (SAMIL) Page 1 of 11 Motherson Sumi Wiring India Limited Oct 30, 2026 Moderator: Ladies and gentlemen, good day and welcome to the Q2 FY'27 Results Conference Call hosted by Motherson Sumi Wiring India Limited. As a reminder, all participant lines will be in the listen-only mode and there'll be an opportunity for you to ask questions after the presentation concludes. Should you need assistance during this conference call, please signal an operator by pressing “*” then “0” on your touchtone phone. And I will hand the conference over to Mr. V. C. Sehgal, Chairman of the company. Thank you and over to you Mr. Sehgal. V.C. Sehgal: Thank you. Good evening, ladies and gentlemen and thank you for joining us today. I warmly welcome you to the Motherson Sumi Wiring India Limited Results Call for the 2nd Quarter of FY'27 and I am thankful for your continued confidence in MSWIL. I am pleased to announce that the company has delivered a strong performance during this quarter. The revenue growth is supported by higher customer volume; new program launches and contributions from our Greenfield plants. Our investments in new capacities are supporting the increased demand from our customers and while our teams remain focused on managing quality related headwinds and improving operations performance. We remain confident about the long-term prospects of the automotive industry in India and will continue to invest in capabilities and keep capacity in line with our customers' evolving requirements. With that I would request Vaaman to take over and take you through the performance of our company and also introduce the other members in the call. Laksh Vaaman Sehgal: Thank you, Papa. Good evening, everyone. We are pleased to report a strong performance this quarter with the revenue growing 47% year-on-year and 19% sequentially. EBITDA increased 34% year-on-year and 45% sequentially while profit after tax registered growth of 35% and 54% respectively. Let me take you through the key drivers of our performance: The passenger vehicle industry continued to witness healthy growth with volumes increasing 25% year-on-year and 14% sequentially. We grew ahead of the industry reflecting the continued trust of our customers and our ability to capture growth opportunities. Vehicle premiumization which is driving higher content per vehicle along with our participation in new model launches across both EV and ICE platforms supported our performance. EVs accounted for 10% of our revenue during the quarter and 9.3% for the first half of the year. Our three Greenfield plants also contributed meaningfully to Page 2 of 11 Motherson Sumi Wiring India Limited Oct 30, 2026 growth, enabling us to support higher customer volumes. The ramp-ups have progressed well with the plants now operating at an optimal utilization level. Moving to margins: EBITDA margins stood at 9.2% improving from 7.6% in Q1 through continued focus on operational efficiencies which led to a resilient performance while headwinds from higher copper prices, minimum wage revisions and other inflationary pressures remain. Copper prices increased by approximately 6% sequentially and 54% year-on-year. As we have highlighted previously, copper is a pass-through item with a typical time lag of about three months for recovery from majority of the customers. We are continuously engaging in constructive discussions with our customers to recover these increment costs. Now let's look at the outlook: Passenger vehicle demand remained strong during the quarter. However, the second half of the year will be compared against a higher base following the GST reduction implemented last year. Based on current visibility, we expect the industry to continue registering healthy growth. The combination of healthy industry growth, continued premiumization, driving higher content per new vehicle and new model launches provide a favorable backdrop for us. With that, I now have with me Pankaj sir, Anurag and Gulshan to address your questions. Moderator: Thank you very much. We will now begin the question-and-answer session. First question is from the line of Kapil Singh from Nomura. Please go ahead. Kapil Singh: Good evening, sir. Congratulations on a very strong performance for the quarter. My first question is just on the outlook for the second half. Vaaman, you mentioned that of course growth will be slower. But when we look at absolute terms, most of the OEMs have actually given a fairly strong second half growth guidance. So, in absolute terms, can we expect that the second half can be better than where we are in the 2nd Quarter? And are there some more new programs starting which could support growth in the second half ahead of the industry? Laksh Vaaman Sehgal: Thanks for that question. Look, third quarter is usually a strong quarter because of the period that has already kicked in. But it's also a precursor before that is the Shradh period. So, a little bit of a balancing out there. But of course, we are very hopeful. I think, of course, the GST cut provided a very strong boost. And we are hoping that the momentum continues. And like all the OEMs are saying, I think, at the same time, we were very focused to deliver the capacities when the growth had kind of slowed down. So, we kind of kept focused and made sure that we were ready for this kind of period. So, we are completely Page 3 of 11 Motherson Sumi Wiring India Limited Oct 30, 2026 ready. I think the ramp-ups, like we said, have gone really well. And we are really hopeful that this festive period again continues to deliver very strong revenue growth. Pankaj sir, Gulshan, can you add anything to that? Pankaj Mital: Vaaman sir, as you said, you are right that the momentum continues at the moment. So, the momentum continues. And yes, what he mentioned was that the kind of growth, which we saw with respect to the last year, because after the GST cut, the momentum has been continuing and continues. So, definitely, we do believe that there should be continuous growth as we move forward. But the range of growth in terms of percentages may not be as wide a [Showing first 8,000 characters — download PDF for full document]