Business Standard

Higher EV share, FY22 auto rebound to support Motherson's revenues

Increased utilisation, improving margins and lower debt are profit triggers going ahead

motherson sumi

The company indicated that it is a supplier to four out of the top five electric vehicle models sold globally.

Ram Prasad Sahu Mumbai
Led by improved performance across key segments, Motherson Sumi returned to growth trajectory in the December quarter. After five consecutive quarters of year-on-year fall in revenues, the company posted 15 per cent growth in consolidated revenues.

The company’s revenues, which were a shade under Rs 18,000 crore, are its highest-ever in a quarter, led by operations recovering to pre-Covid levels and India business reporting 27 per cent growth.

It was the operating performance that stood out as the company reported a 56 per cent jump in operating profit, led by a sharp improvement in its international subsidiaries, especially SMP. Margins at SMP,

Don't miss the most important news and views of the day. Get them on our Telegram channel

First Published: Feb 15 2021 | 6:09 PM IST

Explore News

To read the full story, subscribe to BS Premium now, at just Rs 249/ month.

Key stories on are available only to BS Premium subscribers.

Register to