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Auto components maker Samvardhana Motherson International on Thursday reported a 31.2 per cent decline in consolidated net profit at Rs 1,075.66 crore in the first quarter ended June 30, 2026, impacted by higher material costs. The company had posted a consolidated net profit of Rs 1,561.56 crore in the corresponding period of the last fiscal, Samvardhana Motherson International Ltd (SMIL) said in a regulatory filing. Consolidated total revenue from operations in the first quarter stood at Rs 35,243.77 crore as against Rs 34,309.31 crore in the year-ago period, it added. Total expenses in the quarter under review were higher at Rs 33,964.73 crore as compared to Rs 32,355.72 crore in the same period a year ago, the company said. Cost of materials consumed in the first quarter was higher at Rs 19,378.83 crore as against Rs 18,007.35 crore in the corresponding quarter last fiscal, it added. Commenting on the performance, Motherson Chairman Vivek Chaand Sehgal said the company has beg
Auto components major Samvardhana Motherson International Ltd on Monday said its arm Motherson Electronic Components Pvt Ltd has secured incentives under the government's production linked incentive scheme. Under the latest approvals, MECPL (Motherson Electronic Components Pvt Ltd) has been included among the beneficiaries of the Electronics Components Manufacturing Scheme (ECMS) announced by the Ministry of Electronics and Information Technology (MeitY), for the production of enclosures for the consumer electronics industry, Samvardhana Motherson International Ltd (SAMIL) said in a regulatory filing. These incentives are for six years -- from FY26 to FY31, with an expected cumulative investment of Rs 1,900 crore over the investment period, it added. "MECPL is looking to create over 5,000 employment opportunities at its plant in Kanchipuram, Tamil Nadu, during the course of these incentives," SAMIL said. Motherson's inclusion in the ECMS initiative reflects its strong capabilities