Motherson Sumi Q4 Review - Healthy Profitability Sustains, Electric Vehicle Order Book Exciting: ICICI Direct

A part used for injection molding is cooled down with water at the Motherson Sumi Systems Ltd. injection molding plant in Noida, India. (Photographer: Brent Lewin/Bloomberg)

Motherson Sumi Q4 Review - Healthy Profitability Sustains, Electric Vehicle Order Book Exciting: ICICI Direct

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BQ Blue’s special research section collates quality and in-depth equity and economy research reports from across India’s top brokerages, asset managers and research agencies. These reports offer BloombergQuint’s subscribers an opportunity to expand their understanding of companies, sectors and the economy.

Motherson Sumi Systems Ltd. reported a healthy operational performance in Q4 FY21.

The key highlight was sustained profitability at its overseas operations: Samvardhana Motherson Reflectec (Ebitda margins at 12.9%) and Samvardhana Motherson Peguform (Ebitda margins at 8.7%).

Consolidated revenues (including domestic wiring harness) in Q4 FY21 were at Rs 18,482 crore, up 22% YoY.

Ebitda on a consolidated basis were at Rs 1,959 crore with Ebitda margins at 10.6%, down 20 basis points QoQ.

Consolidated profit after tax for Q4 FY21 was at Rs 714 crore versus Rs 183 crore in Q4 FY20.

Click on the attachment to read the full report:

ICICI Direct Motherson Sumi Q4FY21 Result Update.pdf

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