Shares of Samvardhana Motherson rose over 4% to Rs 158.60 on the BSE on Friday after the company reported a 20% year-on-year (YoY) increase in net profit for Q4FY25, and announced a 1:2 bonus issue. The auto component major posted a net profit of Rs 1,050.5 crore for the March quarter, up from Rs 878.63 … Read more
It was a negative start to the week for the Indian markets as Nifty formed a strong bearish engulfing candlestick on the daily charts. This correction is on the expected lines as Nifty was at significantly higher levels than its 50-day mean price. In addition, the uncertainty around the corporate earrings may also play a … Read more
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