Samvardhana Motherson International Q4 PAT surges 110% to ₹1,372 crore, stock trades in red

The firm’s earnings before interest, tax, depreciation, and amortisation (EBITDA) saw a growth of 45% YoY to ₹2,999 crore. The EBITDA margin expanded to 10.1% compared to 9% in the same period of the previous fiscal.

For the financial year 2024, the company saw its net profit grow by 82% YoY to ₹2,716 crore. The consolidated revenue for the quarter saw a 25% YoY growth to ₹98,692 crore.

Samvardhana Motherson’s EBITDA in FY24 grew by 46% YoY to ₹9,325 crore with its EBITDA margin expanding to 9.2% compared to 8% in the previous financial year.

The company’s consolidated net debt saw a 38.77% YoY increase to ₹10,372 crore as of March 31, 2024.

In FY24, the company’s Modules and Polymer Products division was the leading contributor to the company’s revenue as it grew 18% YoY to ₹49,912 crore. The Wiring Harness and Vision Systems divisions were the next largest contributors to revenue at ₹31,514 crore and ₹19,149 crore, respectively.

Vivek Chand Sehgal, chairman of Motherson said that the company has achieved a healthy financial performance by keeping leverage and debt under control. “Our automotive booked business of over USD 83.9 bn provides strong revenue visibility. We also foresee good traction from our non-automotive businesses, such as aerospace, consumer electronics, and health and medical. To fully utilise our manufacturing capabilities, we are setting up new facilities across emerging markets,” he said.

The board of directors of Samvardhana Motherson recommended a dividend of ₹0.80 per share.

Shares of the company have risen by nearly 39% since the beginning of the year. The stock has gained over 85% in the last one year.