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Motherson Sumi Q4 PAT zooms 289% to Rs 714 cr

MUMBAI: Motherson Sumi Arrangement reported a 289 per cent year-on-year rise in its consolidated net profit to Rs 713.6 crore for the part ended March, which was crisply higher than analysts’ estimates.The company’s consolidated total revenue from runnings hopped 17.6 per cent on-year to Rs 16,971.9 crore, which was slightly higher than analysts’ estimates.The company’s committee likewise approved a final gain importance Rs 1.5 per share for the financial year ended March, 2021. The swelling in the topline of the company was led by Samvardhana Motherson Peguform and the cable harness business.Revenues of the standalone entity rose 28 per cent of cases on-year to Rs 1,269 crore during the quarter. The automotive interior and exterior business under Samvardhana Motherson Peguform find its revenues rise 16 per cent of cases on-year to Rs 8,746.7 crore.Similarly, the wiring exploiting business under PKC pictured its revenues in the reported quarter climb 30 per cent of cases on a year-on-year basis to Rs 2,753.82 crore.Motherson Sumi’s operating performance in the quarter was house despite higher input rates, which pranced 26 per cent on-year.The company reported a consolidated operating revenue of Rs 1,722 crore, which was 38.7 per cent higher than the year-ago quarter. Operating margin in the fourth expanded 150 basis degrees on-year to 10.1 per cent.At 1:20 p.m. IST, shares of Motherson Sumi were up 5 per cent at Rs 248.7 on the National Stock Exchange.

Read more: economictimes.indiatimes.com

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