Samvardhana Motherson Q3 results: PAT rises 20% to ₹879 crore, revenue up 8% to ₹27,666 crore

The company’s total revenue from operations stood at ₹27,666 crore for the quarter, up 7.88% YoY from ₹25,644 crore in the year-ago period, SAMIL said in a regulatory filing.

Despite a decline in global automotive production, the company's revenue and profitability increased, partly due to a diversified business model, it said.

On the operational front, the company’s Earnings Before Interest, Taxes, Depreciation, and Amortisation (EBITDA) rose 13.12% YoY to ₹2,776 crore, compared to ₹2,454 crore in Q3FY24.

“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,” the company's Chairman Vivek Chaand Sehgal commented.

“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,” Sehgal said.

Acquisitions and joint ventures

During the quarter, SAMIL acquired Japan-based Atsumitec and Brazilian auto component maker Baldi Auto to enable diversification and vertical integration.

Further, it formed joint ventures with Sanko and Matsui in Japan to strengthen the packaging segment under the logistics solutions business division and process and industrial automation.

Shares of Samvardhana Motherson closed at ₹125.33 apiece, down 3.45% on the National Stock Exchange (NSE) on Friday, after the company announced its Q3 results.

It has a total market capitalisation of ₹88,185.89 crore as of February 15, 2025, on the NSE.