Samvardhana Motherson International Ltd Q2 2024 Earnings Call Transcript

The following is excerpted from the question-and-answer section of the transcript.

Question: Pramod Amthe - Incred Research Services Private Limited - Analyst : Is there a scope to get this increased CapEx split across divisions? Or your overall INR 45 billion, if you have to across your 4 verticals so that we can get some...

Question: Pramod Amthe - Incred Research Services Private Limited - Analyst : Yes, I'm on handset. No, what I was asking was the INR 45 billion CapEx, which you guys have called out. Is there a scope to give it by division wise, so that we can -- that can help us to build the revenue profile or growth profile going forward?

Question: Pramod Amthe - Incred Research Services Private Limited - Analyst : Sure. And the second question is with regard to the broader industry related trend for wage costs. The type of negative surprises, some of the auto OEMs faced in U.S. Do you see that falling through for the -- some of the Tier 1 and Tier 2 suppliers also as increased wage cost when you renegotiate? Or second, considering your global operations and inflation being pretty high in many of the countries, you expect some repercussions of the same in many other clients. Vaaman Sehgal So look, as far as we are concerned, we have already closed this year's increases. And we are doing it year-on-year. So we don't have a pile up of 3 years and then putting together as 1 contract, which might be there in more generalized environments. So for us, I think it's a regular -- we've already been talking about the inflationary pressures in the last year and this year as well. So more or less, we are already to date on such increases. Now how does that affect all other companies, really, we can't comment.