Transcript of the call

August 7, 2026 National Stock Exchange of India Limited BSE Limited Exchange Plaza, 5th Floor 1st Floor, New Trading Ring Plot No. C/1, G-Block Rotunda Building Bandra-Kurla Complex P.J. Towers, Dalal Street Fort Bandra (E) MUMBAI – 400001, India 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 August 4, 2026 for Audio of Conference Call with the investors on the un-audited financial results for the first quarter ended June 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/storage/Analyst-Call- Transcripts/2026-27/Q1/Transcript-of-the-investor-call-on-Q1FY27-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 Q1 FY27 Results Conference Call August 04, 2026 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 August 04, 2026 Moderator: Ladies and gentlemen, good day, and welcome to Q1 FY27 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 will 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 star then zero on your touchtone phone. Please note that this conference is being recorded. I now hand the conference over to Mr. Laksh Vaaman Sehgal from Motherson Sumi Wiring India Limited. Thank you, and over to you, Mr. Sehgal. Laksh Vaaman 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 first quarter of FY27. And I'm thankful for your continuous support and trust in your company. I'm pleased to announce that the company has delivered resilient performance during Q1, reflecting the enduring strength of our customer relationships. Our expansion into greenfield projects and successful ramp-up of new customer programs supported revenue growth, outpacing the industry, despite ongoing cost headwinds. Elevated copper prices and increased manpower costs, including exceptional minimum wage increases, have impacted our profitability in this quarter. However, we continue to have constructive discussions with our customers to recover cost increases and maintain business momentum. Contribution from EVs continues to be strong, with 8.5% of our revenues coming from EVs in Q1. I want to reiterate the fact that we are an engine-agnostic company and a key supplier to leading ICE and EV platforms in India. Built on decades of trust with our customers and powered by the passion and commitment of our people, we are well positioned for the future. With these strengths at our core, we firmly believe that our future is bright. With that, I now hand over to Pankaj, Anurag, Gulshan, who will be happy to address any questions you may have. Moderator, please open for the questions. Moderator: Thank you very much. We will now begin with the question-and-answer session. The first question is from the line of Raghunandhan NL from Nuvama Research. Please go ahead. Raghunandhan NL: Good evening team. Thank you very much for the opportunity. Firstly, on the greenfields, can you broadly indicate how has been the performance in Q1? If possible, please do share revenue and EBITDA, or qualitatively please do indicate whether the revenue has further grown and break-even has been achieved. Laksh Vaaman Sehgal: Thanks for that. Anurag, Gulshan? Page 2 of 11 Motherson Sumi Wiring India Limited August 04, 2026 Gulshan Pahuja: Yes, so, with respect to the greenfields, we already had our break-even in the previous quarter. Have a run rate of around INR450 crores in the previous quarter. We maintain the same level of revenue and the break-even point at this quarter as well. So, in terms of the growth, we are at where we were in the previous quarter. Obviously, some plants are in the process of ramping-up stage. So, in terms of contribution towards our, you know, bottom line, that we need to wait for one or two quarters, which they will start contributing in that way also. Raghunandhan NL: Thank you, Gulshan sir. Sir, in terms of greenfields, at optimal utilization for these greenfields, margin may be lower than existing plants owing to high import content, but would ROIC be similar or lower because there will be a better asset turnover for these plants? Gulshan Pahuja: See, look, that's not how we look at it because, see, these greenfields over there in a as a part of the separate disclosures because the three plants have come in simultaneously. So, there was significant impact, right, because we never talked about plant-level profitability in the past also. So now, they have reached a stage where, you know, the break-even has already reached. So, talking about, you know, the plant-level profitability is not the right way to look at it because there are certain level of productivity which were already there in the plants, which were there in operation for many, many years. So, it is better to look at it at an overall level. And this notion is not 100% correct that the material consumed or the material cost is relatively higher in these plants. I think this is all about the scalability and the productivity, which has not reached to a level which the other plants have already reached. Raghunandhan NL: Noted, sir. Thanks for that clarification. In opening remarks, you alluded to Q1 FY27 EV share of revenue at 8.5%. Within this EV revenue, broadly or approximately how much would be the share of high voltage and low voltage business? Would this entirely be high voltage? Pankaj Mital: No, this is not the high voltage business alone. This is the business which we do for EV vehicles, so that's what it is. Raghunandhan NL: Understood, sir. But would you have it handy, any broad breakup? Pankaj Mital: No. It's a breakdown between what we do for EV vehicles and what we do for ICE vehicles. So that's just that breakdown which we are mentioning here. Raghunandhan NL: Noted, sir. Sir, on the cost side, on the copper prices, there is an automatic pass-through which is likely to be received with a lag of 3 to 6 months. That we completely understand. But in addition to copper prices, there is an increase also in other commodities like plastic. Would that also be an automatic pass-through? And another point relating to cost is the minimum wage hike impact. You indicated that there is a constructive discussion with Page 3 of 11 Motherson Sumi Wiring India Limited August 04, 2026 customers. By when do you expect customers to compensate? And would you be able to pass on, say, 80%-90% of the impact? Thank you. Pankaj Mital: So, you have asked multiple questions, I'll try to answer them. Anurag, please correct me where I go wrong. As far as other material costs are concerned, we use lot of components which are specified by the customers. And if there are increases by the c [Showing first 8,000 characters — download PDF for full document]