Samvardhana Motherson Worldwide (SAMIL) (previously Motherson Sumi Techniques) has introduced its monetary outcomes for the quarter ended September 2024 (Q2FY25).
The corporate’s web revenue soared multifold 222.5 % to ₹948.81 crore in Q2FY25 as towards ₹294.15 crore in the identical interval final 12 months. In the meantime, sequentially, it declined 13.5 % from ₹1,097.18 crore within the June quarter.
Its complete income from operations additionally elevated over 18 % to ₹27,811.86 crore within the quarter underneath assessment versus ₹23,527.46 crore in year-ago interval. Sequentially, it marginally declined, 3.6 % from ₹28,867.96 crore within the June quarter.
Within the first half of economic 12 months 2024-25 (H1FY25), Its web revenue additionally climbed multifold, over 117 % to ₹2,045.99 crore as in comparison with ₹942.27 crore in the identical interval final 12 months. In the meantime, its complete earnings surged to ₹57,009.9 crore in H1FY25, up 23.6 % from ₹46,108.95 crore in H1FY24.
Commenting on the outcomes, Mr. Vivek Chaand Sehgal, Chairman, Motherson stated, “These outcomes spotlight our energy and adaptableness in an unsure enterprise setting. Our prudent administration of the leverage ratio has positioned us properly for sustainable development. This strategic strategy ensures that we preserve a wholesome stability sheet whereas persevering with to take a position sooner or later. Our automotive booked enterprise is USD 88 billion approx. and has been rising constantly, reflecting the belief our prospects have in us. Our non-automotive companies have been rising constantly, contributing to general development with stability and diversification. With the help of our prospects and the exhausting work and dedication of our world groups, we’ve constructed a resilient organisation that’s prepared for continued success.”
