Samvardhana Motherson International Limited Q4 Result 2024

Synopsis

Samvardhana Motherson International Limited announced its quarterly results for March 2024 on 29th May. It reported a consolidated PAT of ₹1444.00 cr for Q4 FY2024. Its consolidated total revenue for Q4 FY2024 increased by 20.35% on a YOY basis reaching ₹ 27141.82 cr. The company had a ROCE of 17% for FY2024.

Quarter result performance

The company’s consolidated total revenue for Q4 FY2024 was up by 20.35% on a YOY basis, reaching ₹27141.81 cr from ₹ 25752.26 cr in Q4 FY2023. The quarterly consolidated revenue was also up by 5.40%. Samvardhana Motherson International Limited reported a consolidated PAT of ₹ 1444.00 cr for Q4 FY2024 against ₹ 699.10 cr in Q4 FY2023, which is an increase of 106.55%. On a quarterly basis, the consolidated PAT increased by 128.01%. 

For the full financial year ending in March 2024, the consolidated PAT stood at ₹ 3,019.57 cr compared to ₹ 1,669.63 cr in FY 2023, up by 80.85%. For FY 2024, its consolidated total revenue stood at ₹ 98,879.30 cr compared to ₹ 78,957.71 cr in FY 2023, up by 25.23%. EBITDA was ₹ 9325 cr up by 46% on a YOY basis.

The company announced a dividend of ₹0.80 per share at 80%.

On the results, Mr. Vivek Chaand Sehgal, Chairman, Motherson said, “We are encouraged by the company's performance, which results from the efforts of business divisions and acquired entities. We have also maintained a healthy financial position by keeping leverage and debt under control. Our automotive booked business of over USD 83.9 bn provides strong revenue visibility. We also foresee good traction from our non-automotive businesses, such as aerospace, consumer electronics, and health and medical. To fully utilise our manufacturing capabilities, we are setting up new facilities across emerging markets. We are grateful to our customers for their trust and confidence in Motherson and want to express our sincere appreciation to our people globally for their dedication and hard work.” 

About Samvardhana Motherson International Limited

Samvardhana Motherson International Limited (SMIL), formerly known as Motherson Sumi Systems Limited, is a global manufacturer and supplier of automotive components. It was incorporated in 1986 and is a key supplier to automotive manufacturers both in India and globally.