Motherson Sumi

Motherson Sumi Q2 results: Profit rises 8.55% to ₹165 cr, revenue up 18.75%

Motherson Sumi Wiring India on Wednesday reported an 8.55 per cent increase in its consolidated profit after tax at Rs 165 crore for the second quarter ended September 30. The company posted a profit after tax of Rs 152 crore in the July-September quarter of the last fiscal. Its revenue increased to Rs 2,762 crore for the September quarter against Rs 2,326 crore in the year-ago period, Motherson Sumi Wiring India said in a statement. "Our ability to consistently outperform the industry is a testament to the trust our customers place in us and the dedication of our teams. The ramp-up of our Greenfield projects is underway and is aligned with the ICE and EV program ramp-up plans of our customers," Motherson Sumi Wiring India Chairman Vivek Chaand Sehgal stated. The company remains focused on delivering sustainable value to all stakeholders while maintaining our strong financial discipline and debt-free status, he added.

Nomura backs auto rally post-GST cut; M&M, TVS Motor, Hyundai in fast lane

Nomura expects the GST cut to spark a volume surge of 5-10 per cent across categories, with passenger vehicles (PVs) and two-wheelers leading the growth.

Motherson Sumi Wiring shares soar 10%; here's what is fueling the rally

The counter surged 9.98 per cent to reach ₹43.40 during intraday deals on the NSE and continued to trade higher through the session

Motherson Sumi Wiring India Q4 profit declines 13.85 pc to Rs 164.93 cr

Auto components maker Motherson Sumi Wiring India Ltd on Friday reported a 13.85 per cent decline in net profit at Rs 164.93 crore in the March quarter impacted by higher expenses and raw material cost. The company posted a net profit of Rs 191.44 crore in the same quarter previous fiscal, Motherson Sumi Wiring India Ltd (MSWIL) said in a regulatory filing. Total revenue from operations in the fourth quarter stood at Rs 2,509.52 crore as against Rs 2,232.67 crore in the year-ago period, it added. MSWIL further said total expenses during the quarter were higher at Rs 2,291.44 crore as compared to Rs 1,986.54 crore in the corresponding period a year ago. Cost of materials consumed was higher at Rs 1,592.7 crore as compared to Rs 1,419.1 crore in the year-ago period. For 2024-25, profit was at Rs 605.86 crore, down from Rs 638.3 crore in 2023-24, the company said. In FY25, total revenue from operations stood at Rs 9,320.28 crore as against Rs 8,328.25 crore in FY24, it added.

Tata Motors, Motherson Sumi, others slip upto 7.5% on Trump 25% auto tariff

The fall in auto stocks came after the US President Donald Trump, on Wednesday, announced that he would impose a 25% tariff on all cars imported into the US that are not manufactured domestically

Uno Minda, Motherson Sumi, M&M: Top bets by Nuvama ahead of March'25 sales

According to analysts at Nuvama, the tractor industry volumes are expected to grow in double digits, with an approximately 16 per cent Y-o-Y increase in the domestic market

Motherson partners with Japan's Sanko for sustainable packaging solutions

Auto components major Motherson on Friday said it has entered into a joint venture with Japan's Sanko, a player in material handling sector to provide sustainable packaging solutions in India and Europe. The joint venture (JV) will contribute to greater efficiencies in material handling with cost reduction in overall logistics spending, Motherson said in a statement. This partnership with Sanko is a strategic, synergistic diversification for the group, Motherson Chairman Vivek Chaand Sehgal said. "We believe that reimagining packaging as an engineered solution versus a simple commodity can bring immense logistics, cost, and value efficiencies to supply chains," he said. More importantly, Sehgal said, "We see this collaboration as another way to support our customers in achieving their sustainability goals." Sanko President Toshihiko Goto said, "We believe we can contribute more to Motherson's and our valuable customers by combining Motherson's strong global presence and our long .

Motherson Sumi Wiring Q3: PAT declines 17% to Rs 140 cr as expansion weighs

The company, whose clients include Maruti Suzuki and Tata Motors, said its profit fell to 1.40 billion rupees (about $16 million) in the quarter from 1.68 billion rupees a year earlier

Motherson Sumi Wiring Q1 FY25 results: Net profit up 21% at Rs 149 cr

Auto components maker Motherson Sumi Wiring India Ltd on Monday reported 21 per cent increase in net profit at Rs 148.87 crore for June quarter FY25 riding on strong revenue growth. The company had logged a net profit of Rs 123.13 crore in the same quarter last fiscal, Motherson Sumi Wiring India Ltd (MSWIL) said in a regulatory filing. Total revenue from operations in the period under review stood at Rs 2,184.84 crore as against Rs 1,871.84 crore in the year-ago period. Total expenses were higher at Rs 1,991.46 crore as compared to Rs 1,706.25 crore. MSWIL said its strong revenue growth year-on-year is mainly supported by increased volumes and content on account of automotive megatrends. Performance remained resilient despite the transitory impact of higher raw material prices and startup costs mitigated with operational efficiencies, it added. MSWIL Chairman Vivek Chaand Sehgal said,"The company remains committed to understanding and staying aligned with industry trends and ..

Motherson Sumi Wiring Q4 results: Net profit rises 38% to Rs 191.44 cr

Auto components maker Motherson Sumi Wiring India Ltd on Thursday reported a 38.3 per cent rise in net profit to Rs 191.44 crore in the fourth quarter ended March 2024. The company had posted a net profit of Rs 138.47 crore in the same quarter a year ago, Motherson Sumi Wiring India said in a regulatory filing. Consolidated total revenue from operations in the quarter under review was Rs 2,232.67 crore as against Rs 1,871.96 crore in the corresponding period previous fiscal, it added. Total expenses in the fourth quarter were higher at Rs 1,986.54 crore as compared to Rs 1,698.5 crore in the same period a year ago. The board has recommended a dividend of 80 paise per equity share of face value Re 1 for the financial year ended March 31, 2024, subject to approval of the shareholders at the ensuing annual general meeting, it added. For the fiscal ended March 31, 2024, net profit was Rs 638.3 crore over Rs 487.04 crore in the preceding year, the company said. In FY24, consolidated t

JK Lakshmi, Motherson Sumi can rally up to 19%, recommends HDFC Securities

On the broader market outlook, Vinay Rajani technical & derivative analyst of HDFC Securities says the Nifty is seen consolidating in the 22,075 - 22,297 trading band.

Motherson Sumi Wiring India Q3 results: PAT grows 58% to Rs 167.86 cr

Auto components maker Motherson Sumi Wiring India Ltd on Wednesday reported a 58.12 per cent jump in profit after tax at Rs 167.86 crore in the third quarter ended December 31, 2023, riding on robust sales. The company had posted a profit after tax of Rs 106.16 crore in the October-December quarter last fiscal, Motherson Sumi Wiring India said in a regulatory filing. Total revenue from operations during the period under review stood at Rs 2,117.28 crore as against Rs 1,686.8 crore in the year-ago period, it added. "These strong quarterly numbers are the result of customer trust and our operational efficiencies," Motherson Sumi Wiring India Chairman Vivek Chaand Sehgal said. Further, he said, "We remain focused on delivering high-quality products and solutions to our customers and supporting them in their plans. We will continue to invest in capacities to meet the future demand." Motherson Sumi Wiring India said its new-age innovative capabilities are in place, serving all powertra

Auto index hits speed bump, loses 1.8% after Nitin Gadkari's flip-flop

Tata Motors, Mahindra & Mahindra and Ashok Leyland fell 2.19 per cent, 1.55 per cent and 2.68 per cent, respectively

Samvardhana Motherson misses Q1 profit view as higher costs weigh

The company also benefited from a recovery in vehicle production volumes in its key markets of China, Europe and North America

Motherson Sumi Wiring India Q1 net profit dips 2% to Rs 123 crore

Motherson Sumi Wiring India on Friday said its net profit declined by 2 per cent to Rs 123 crore in the first quarter ended June 30. The company had reported a net profit of Rs 126 crore for the April-June quarter of last fiscal. The total income, however, increased to Rs 1,859 crore compared to Rs 1,671 crore in the year-ago period, Motherson Sumi Wiring India said in a regulatory filing. "The company continues to deliver good and consistent performance. The additional capacities, which were created over the past few quarters, have started to contribute towards revenue growth," Motherson Sumi Wiring India Chairman Vivek Chaand Sehgal said. Operational improvements continue to support the performance despite inflationary headwinds and supply chain issues at the customer's end, he added. "With cost reduction initiatives in place coupled with the continued support of the customers, we believe that we will continue to deliver value to our stakeholders in the upcoming quarters as well

Motherson to acquire assets, shares of Dr Schneider Group entities

Auto components maker Samvardhana Motherson International Ltd on Monday said it will acquire assets and shares of Germany's Dr Schneider Group entities at an overall enterprise value of about 118.3 million euros (over Rs 1,070 crore). The company through its wholly-owned arm Samvardhana Motherson Automotive Systems Group BV (SMRPBV) has entered into an agreement to acquire assets and shares of the Dr Schneider Group entities from the insolvency administrator, Dr Joachim Exner, the company said in a regulatory filing. Dr Schneider Group is a manufacturer of high-end, innovative, and integrated electronic interior polymer components and systems such as smart surfaces and lighting modules. It is a technology leader in air-vents, decorative interior polymer components with illumination and has a strong presence in premium vehicles. It employs around 4,500 people in seven facilities across five countries (Germany, Spain, Poland, USA, China), it added. On the cost of acquisition, the ...

Stocks to watch: HUL, United Breweries, Motherson, Sun Pharma, Paytm, Cipla

Stocks to watch: Samvardhana Motherson announced it is buying SAS Autosystemtechnik (SAS), which manufactures auto cockpit modules, from French company Faurecia for Rs 4,790 crore

Motherson Sumi Wiring slips 6% on margin disappointment in Q2

MSWIL said margin was impacted due to initial one-time startup costs of new programs at Bengaluru, and a new facility at Chennai

Motherson Sumi Wiring India Q2 net profit rises 2% to Rs 116 crore

Auto component maker Motherson Sumi Wiring India Ltd on Monday reported a 2 per cent rise in net profit at Rs 116.45 crore in the second quarter ended September 30, 2022. The company had posted a net profit of Rs 114 crore in the same period last fiscal, Motherson Sumi Wiring India Ltd (MSWIL) said in a regulatory filing. Total revenue from operations stood at Rs 1,835.21 crore as against Rs 1,399.95 crore in the year-ago period, it added. Total expenses were higher at Rs 1,689.77 crore as compared to Rs 1,229.76 crore in the same quarter a year ago. "The Indian automotive industry is showing signs of revival and our customers are also ramping up production. This has resulted in one-time costs, which should be mitigated in the coming quarters," MSWIL chairman Vivek Chaand Sehgal said. In the second quarter, the company said it had incurred costs due to initial one-time startup costs of new programmes at Bengaluru and new facility at Chennai. Besides, to meet increased volume, ...

Sensex rises for 3rd day, up 787 pts; Nifty tops 18K amid broad-based rally

CLOSING BELL: The Financial Services, IT, Pharma, Auto, and Consumer Durable indices gained over 1 per cent each, while others added up to 1 per cent