Samvardhana Motherson shares fall 3% after firm's Q3 results

Samvardhana Motherson

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The shares of Samvardhana Motherson International dropped over 3 percent on February 14 after the company reported a net profit of Rs 879 crore in the quarter which ended on December 31, 2024. This marks a rise of nearly 62 percent from the Rs 542 crore net profit reported in the corresponding quarter of the previous financial year.

The company's revenue from operations meanwhile rose nearly 8 percent year-on-year to Rs 27,666 crore in Q3 FY25. Its revenue from operations stood at Rs 25,644 crore in Q3 of FY24.

Samvardhana Motherson's EBITDA improved to Rs 2,776 crore during the reported quarter. Its expenses also rose nearly 7 percent to Rs 26,559 crore. Net profit margin for the automotive components-maker meanwhile improved to 3.6 percent in Q3 FY25 from 2.5 percent in Q3 FY24.

Also read: India's m-cap falls below $4 trillion, hits over 14-month low

The company's also saw an improvement in its debt equity ratio, which improved to 0.49 in Q3 FY25 from 0.82 in Q3 FY24.

Commenting on the results, Mr. Vivek Chaand Sehgal, Chairman, Motherson said, "Our performance demonstrates the resilience and adaptability of our diversified business model. Our engineering, manufacturing and assembly capabilities will help us navigate challenges while delivering future growth. I am pleased to announce that our first plant for the consumer electronics business has been operationalised during the quarter, which will further strengthen our non-automotive businesses. We remain focused on maintaining a strong balance sheet with control on capex and leverage ratio."

Samvardhana Motherson shares closed at Rs 126.15 apiece on February 14 after the Q3 results were released. The stock is currently 18 percent higher than its 52-week-low level of Rs 107.05 apiece. It is over 42 percent lower than the 52-week-high level of Rs 217 apiece.