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Motherson Sumi Wiring India Ltd - 543498 - Update

Cessation of Smt. Renu Alka Sehgal as member of promoter group of the Company.
17-05-2024
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Q4FY24 Quarterly & FY24 Annual Result Announced for Motherson Sumi Wiring India Ltd.

Auto Parts & Equipment company Motherson Sumi Wiring India announced Q4FY24 & FY24 results: Motherson Sumi Wiring India Limited (MSWIL) ended FY24 on a strong note, reporting revenues of Rs 2,233 crore. PAT was Rs 191 crore for Q4FY24. Consistent financial prudence has enabled to maintain a debt-free status. Strengthening presence across India with 26 existing and 2 upcoming facilities to support demand from our customers. ROCE of 48%, delivering >40% ROCE continuously. Vivek Chaand Sehgal, Chairman, Motherson Sumi Wiring India Ltd., said, "This robust performance demonstrates our resilience, agility, and strategic focus on delivering value to our customers. It also reflects our teams' hard work and efforts towards supporting our customers. We are well-positioned to leverage our strengths and capitalise on new opportunities in the evolving market landscape. Through our relentless focus on the development of human resources, new products, localisation and enhancing manufacturing excellence through digitisation, we continue to enhance our product offerings and competitiveness and drive long-term value creation for our stakeholders." Result PDF
16-05-2024
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