• Full-year guidance: Management reaffirmed its annual outlook of double-digit revenue growth and operating margins within the 12% to 13.5% range, citing strong underlying operational momentum.
• GCM division performance: Post-restructuring cost efficiencies drove Global Cables and Mechatronics EBITDA margins to 12.5% in Q1, surpassing internal targets of 10% to 12%.
• Domestic margin recovery: Input cost pressures and pricing pass-through delays impacted the India Cables and Mechatronics segment by roughly 200 basis points, with full margin normalization expected across Q2 and Q3.
• China expansion: The company won nearly 25 new contracts with a leading global EV player, targeting roughly 20% growth in China as these projects scale over the next 12 months.
• Braking portfolio pipeline: Traction across hydraulic braking systems, CBS, and ABS contracts is expanding the order book, prompting plans to potentially report braking as a standalone division by next year.