ALSO READMotherson Sumi gains after buying Finland's PKC Group Motherson Sumi March-quarter profit rises 20 percent, beats estimates Board of Motherson Sumi Systems to consider Q3 results Motherson Sumi Systems Q4 net profit up 20 pc at Rs 705.86 cr Motherson Sumi Q3 net profit up 28.24% at Rs 547.32 cr
Motherson Sumi Systems rose 1.78% to Rs 415.20 at 13:48 IST on BSE after consolidated net profit rose 12% to Rs 475 crore on 15% increase in revenue to Rs 11100 crore in Q4 March 2017 over Q4 March 2016.The result was announced during trading hours today, 19 May 2017.
Meanwhile, the S&P BSE Sensex was down 37.99 points, or 0.12% to 30,396.80.
On the BSE, 2.48 lakh shares were traded in the counter so far, compared with average daily volumes of 2.20 lakh shares in the past one quarter. The stock had hit a high of Rs 419.70 and a low of Rs 402 so far during the day. The stock hit a record high of Rs 421 on 16 May 2017. The stock hit a 52-week low of Rs 255.40 on 24 May 2016.
The stock had outperformed the market over the past one month till 18 May 2017, rising 9.28% compared with 3.74% rise in the Sensex. The scrip had also outperformed the market in past one quarter, rising 16.72% as against Sensex's 6.91% rise.
The large-cap company has equity capital of Rs 140.35 crore. Face value per share is Re 1.
Motherson Sumi Systems' consolidated EBITDA (earnings before interest, taxes, depreciation and amortization) rose 25% to Rs 1,241 crore in Q4 March 2017 over Q4 March 2016.
On a consolidated basis, Motherson Sumi Systems' net profit rose 20% to Rs 1554 crore on 15% increase in revenue to Rs 41985 crore in the year ended March 2017 over the year ended March 2016. Consolidated EBITDA rose 21% to Rs 4285 in the year ended March 2017 over the year ended March 2016.
The company said its total order book stood at Rs 94900 crore as on 31 March 2017.
Meanwhile, the company said that its board has recommended issuing 1 bonus shares against the 2 existing shares, subject to the approval of the shareholders.
Motherson Sumi Systems (MSSL) is one of the world's fastest growing specialised automotive component manufacturing company for OEMs (original equipment manufactures).
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