MOTHERSON Consolidated June 2023 Net Sales at Rs 22,462.18 crore, up 27.52% Y-o-Y
10-08-2023
Q1FY24 Quarterly Result Announced for Samvardhana Motherson International Ltd.
Auto Parts & Equipment company Samvardhana Motherson International announced Q1FY24 results: Revenues of Rs 22,462 crore in Q1FY24 EBITDA of Rs 1,940 crore in Q1FY24 EBITDA Margin of 8.6% in Q1FY24 PAT of Rs 601 crore in Q1FY24 Outgrowing industry by far on a YoY basis with strong growth across all business divisions Strong growth in EBITDA is driven by operating efficiency, softening in material and energy prices, and continued customer support Leverage ratio of 1.4x maintained, normalisation of working capital underway EV’s revenue has increased over Rs 1,600 crore in Q1FY24 (FY23 EV revenue was ~Rs 4,900 crore) Macro-economic factors stabilising at elevated levels while wage bill and interest rates continue to mount pressure on profitability Sharing of inflationary pressure continues with customers. Continued focus on improving performance/restructuring of sub-optimal units alongside customers Commenting on the results, Vivek Chaand Sehgal, Chairman, Motherson said, “We have delivered another quarter of strong performance. The automotive industry is stabilising with new cost structures and Motherson continues to adapt to the evolving landscape. We are working in close collaboration with our customers, and to better serve them in these challenging times we have closed 7 acquisitions with their support. We aim to bring innovative solutions, to streamline and solve operational issues. These acquisitions will further increase our value-added content and will provide new growth opportunities for Motherson. We are grateful to our customers for their trust and support. Motherson extends a warm welcome to over 8,500 employees of the new companies into our family. We believe that these are very exciting times for Motherson.” Result PDF10-08-2023
Samvardhana Motherson International Ltd - 517334 - Update
Samvardhana Motherson International Limited has submitted with the exchange disclosures required under Regulation 30 of SEBI Listing Regulations.10-08-2023
Samvardhana Motherson International Ltd - 517334 - Announcement under Regulation 30 (LODR)-Press Release / Media Release
Samvardhana Motherson International Limited has informed the exchange regarding Press Release.10-08-2023
Samvardhana Motherson International Ltd - 517334 - Announcement under Regulation 30 (LODR)-Investor Presentation
Samvardhana Motherson International Limited has informed the exchange regarding Investor Presentation.10-08-2023
Samvardhana Motherson International Ltd - 517334 - Quarter Ended June 30, 2023
Samvardhana Motherson International Limited has informed the Exchange regarding Financial Results for financial year ended June 30, 2023.10-08-2023
Samvardhana Motherson International Ltd - 517334 - Announcement under Regulation 30 (LODR)-Newspaper Publication
Samvardhana Motherson International Limited has informed the Exchange about copy of Newspaper Advertisement.05-08-2023
Samvardhana Motherson International Ltd - 517334 - Reg. 34 (1) Annual Report.
Samvardhana Motherson International Limited has submitted with the Exchange copy of Annual Report and AGM Notice03-08-2023
Buy Motherson Wiring; target of Rs 70 : Motilal Oswal
Motilal Oswal is bullish on Motherson Wiring recommended buy rating on the stock with a target price of Rs 70 in its research report dated July 28, 2023.01-08-2023
Samvardhana Motherson International Ltd - 517334 - Announcement under Regulation 30 (LODR)-Updates on Acquisition
Samvardhana Motherson International Limited has informed the Exchanges regarding closing of acquisition by SMR Automotive Mirrors UK Limited, United Kingdom, a 100% step down subsidiary of Samvardhana Motherson Automotive Systems Group B.V., Netherlands, as announced to the Stock Exchanges vide its letter dated September 26, 2022 read with letter dated May 1, 2023, for acquisition of 100% equity share capital held by Ichikoh Industries, Ltd., Japan in Misato Industries Co. Ltd., Japan and Ichikoh (Wuxi) Automotive Parts Co. Ltd., China.01-08-2023