• Revenue growth drivers: The company delivered 37% year-on-year revenue growth (30% excluding copper inflation of 7%), driven by 17% industry volume growth, premiumization, and increased content per vehicle.
• Cost headwinds: Profitability was pressured by a 7% quarter-on-quarter rise in copper prices alongside an unanticipated 30% to 40% increase in minimum wages, especially across the NCR region.
• ROCE targets: Management declined to provide specific quarterly margin guidance amid cost volatility, focusing instead on delivering over 40% return on capital employed by the end of the fiscal year.
• EV segment performance: Electric vehicles represent 8.5% of total sales and offer 1.6 times the content per vehicle compared to internal combustion engines, though management noted margins are model-dependent rather than powertrain-specific.