Samvardhana Motherson Q1 Results: Cons PAT soars 4-fold YoY to Rs 601 crore

Samvardhana Motherson Q1 Results: Cons PAT soars 4-fold YoY to Rs 601 crore

MUMBAI – Samvardhana Motherson International on Thursday reported robust numbers for the June quarter, as consolidated net profit surged over four-fold year-on-year (YoY) to Rs 601 crore. Consolidated revenue from operations increased 27% YoY to Rs 22,462.20 crore. The operating profit, calculated as earnings before interest, taxes, depreciation and amortisation (EBITDA), soared 69% on year … Read more

Promoter Sumitomo Wiring likely to sell 3.4% stake in Samvardhana Motherson via block deal on Thursday

Promoter Sumitomo Wiring likely to sell 3.4% stake in Samvardhana Motherson via block deal on Thursday

Japanese promoter company Sumitomo Wiring Systems will likely sell 3.4% stake in Samvardhana Motherson International through a block deal on Thursday, according to reports. The floor price for the deal is fixed at Rs 69.9, which is almost 9% discount to the last price close. Sumitomo Wiring will sell about 230 million shares in the … Read more