Guidance ledger · Q4 FY26

Samvardhana Motherson International Ltd MOTHERSON

4 revisions on record · 1 lowered · 2 raised — the strikethrough is what management used to say

gives specific guidance · held across quarters

Holding view → · latest concall · The pulse

↑ raised Consumer electronics scale (units / capacity) Q1 FY26 → Q4 FY26

~~15 to 17 million units by end of FY26 on INR 2,600 Cr capex~~ → 14 to 16 million units achieved Q4FY26 + GF3 (33 football fields) operational Q3FY27 - 'multiple' of current

“of 33 football fields that is going to come into commission.”

↑ raised Aerospace order book Q2 FY26 → Q4 FY26

~~USD 1.2 Bn (per Q2FY26 reference)~~ → USD 1.6 Bn (Q4FY26), 'aiming to grow even further from here'

“The order book increased by over 20% to USD1.6 Billion”

→ narrowed Leverage net debt / EBITDA Q2 FY26 → Q4 FY26

~~1.1x (Q2FY26 stable), target 0.9x exit FY26~~ → 0.8x all-time low (Q4FY26 actual)

“an all -time low of 0.8x. This remains well within our long -standing financial policy of”

↓ lowered Modules & Polymer transformative provision Q1 FY26 → Q4 FY26

~~EUR 50 million cost block optimization (Q4FY25 announce)~~ → INR 328 Crores post-tax FY26 actual booked exceptional

“transformative measures in Europe, amounting to INR 328 Crores post tax”

Method. Revisions come from management's own stated numbers, compared quarter over quarter across the covered concalls; each carries the verbatim quote. “No revisions” can also mean guidance too vague to pin down — see the posture chip above. Not investment advice.