Samvardhana Motherson's Profit Skyrockets, Driven by Revenue Surge

Samvardhana Motherson International Ltd reported a significant increase in its consolidated net profit for the September quarter, reaching Rs 948.81 crore, buoyed by strong revenue growth. The company's financial success was achieved despite higher total expenses and previous restructuring costs in its European operations.

Samvardhana Motherson International Ltd, a prominent player in the auto components sector, has announced a remarkable surge in its consolidated net profit for the September quarter. The profit soared to Rs 948.81 crore, a multi-fold increase compared to Rs 294.15 crore in the same period last year.

The company attributed this financial success to robust revenue growth, with consolidated total revenue from operations rising to Rs 27,811.86 crore, up from Rs 23,527.46 crore a year ago. Even though total expenses also climbed to Rs 27,012.92 crore, the firm navigated the challenges effectively.

Motherson's Chairman, Vivek Chaand Sehgal, highlighted the company's strength and agility amidst a volatile business landscape. He emphasized the trust placed by customers, with their automotive booked business now at approximately USD 88 billion, and noted the consistent growth in non-automotive sectors, reflecting the company's diversification strategy.

(With inputs from agencies.)