Motilal Oswal: Motherson Sumi Q2 Review - Global Operations Surprise Positively; India Misses Estimate  
A worker loads finished wire harnesses onto a trolley at the Motherson Sumi Systems Ltd. wiring harness plant in Faridabad. (Photographer: Brent Lewin/Bloomberg)

Motilal Oswal: Motherson Sumi Q2 Review - Global Operations Surprise Positively; India Misses Estimate  

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.

Motilal Oswal Report

Motherson Sumi Systems Ltd.’s Q2 FY21 operating performance was driven by strong demand recovery and improved efficiencies.

Samvardhana Motherson Peguform’s greenfield plants achieved Ebitda breakeven.

The company is well-positioned to benefit from demand recovery as well as efficiency improvement at the greenfield plants.

We upgrade our FY22E earning per share by 7%, factoring in stronger recovery in Samvardhana Motherson Automotive Systems Group BV and PKC Group Plc.

Click on the attachment to read the full report:

Motilal Oswal Motherson Sumi Q2FY21 Result Update.pdf

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