Samvardhana Motherson International Reports 5-fold Surge in Q4 Profit

On a consolidated basis, the company has reported over 5-fold jump in its net profit at Rs 699.10 crore for fourth quarter ended March 31, 2023 as compared to Rs 130.04 crore for the same quarter in the previous year. Total income of the company increased by 30.16% at Rs 22,551.94 crore for Q4FY23, as compared to Rs 17,326.07 crore for the corresponding quarter previous year.    

For the year ended March 31, 2023, on a consolidated basis, the company has reported over 2-fold jump in its net profit at Rs 1,669.63 crore as compared to Rs 817.33 crore for the previous year. Total income of the company increased by 23.31% at Rs 78,957.71 crore for year under review as compared to Rs 64,031.66 crore for year ended March 31, 2022.    

However, on a standalone basis, the company has reported 73.31% fall in its net profit at Rs 106.04 crore for the quarter under review as compared to Rs 397.27 crore for the same quarter in the previous year. However, the total income of the company increased by 4.84% at Rs 2,111.93 crore for Q4FY23 as compared to Rs 2,014.49 crore for the corresponding quarter previous year.    

Samvardhana Motherson International Limited is the flagship company of Samvardhana Motherson Group (SMG), a leading global automotive component supplier with market leadership across multiple segments. The company has three primary business divisions: wiring harness, vision systems, and modules and polymers.    

Today, the stock opened at Rs 82.45, with a high and low of Rs 82.45 and Rs 80.01. The stock closed trading at Rs 80.70, down by 1.24%. The stock has a 52-week high of Rs 91.68 and a 52-week low of Rs 61.84.