Samvardhana Motherson International Limited (SAMIL)’s Q1FY23 results

Noida, Uttar Pradesh – 20th Aug 2022 – Samvardhana Motherson International Limited (SAMIL) [formerly Motherson Sumi Systems Ltd.] today     announced its financial results for the fiscal 2022-23 first quarter, which ended on 30th June 2022.

Commenting on the results, Mr. Vivek Chaand Sehgal, Chairman, Motherson said,

“The market demand remains strong, however, due to various supply chain constraints including chip shortages, production volumes of OEMs continued to fluctuate. The passenger car sales have shown improving trend from April to June. This quarter’s results are to be seen in the backdrop of continued high inflation, elevated freight, energy costs etc. Our teams are engaged with customers to align with them on the unusual inflationary pressures faced by the industry and the new macro environment, it’s work in progress.

In order to create a better world for future generations and in line with our customers’ expectations, we are setting the ambitious goal of becoming Carbon Net Zero across our current global operations by 2040.”

Consolidated Financial Highlights (   Q1FY23)

·         Quarterly revenues of Rs. 17,615 crores

·         Quarterly EBITDA of Rs 1,151 crores, margin of 6.5%

·         Quarterly PAT of Rs 141 crores

Sr noBusiness DivisionRevenues*(INR Crores)% of SAMIL Revenue*EBITDA(INR Crores)
1Wiring Harness6,096~29%483
2Modules & Polymer Products9,413~46%481
3Vision Systems3,482~17%293

The table above shows Revenue from operations. The Revenue and EBITDA numbers are based on the gross numbers for Q1 FY23 i.e. before elimination of inter segment revenues and joint ventures and associates accounted for as per equity method.

**Others includes – Elastomer, Lighting & Electronics, Precision Metals & Modules along with the new non-automotive divisions of Aerospace, Healthcare, Logistics and Technology & Industrial Solutions and Services.

Samvardhana Motherson International Limited (SAMIL) [Formerly Motherson Sumi Systems Ltd.]

Samvardhana Motherson International Limited (SAMIL) is one of the world’s leading specialised automotive component manufacturing companies for OEMs. The company, formerly known as Motherson Sumi Systems Limited was established in 1986 as a joint venture with Sumitomo Wiring Systems and was listed in 1993 on BSE and NSE in India. SAMIL is a focused, dynamic, and progressive company providing customers with innovative and value-added products, services, and solutions. With a diverse global customer base of nearly all leading automobile manufacturers globally, the company has a presence in 41 countries across five continents. SAMIL is currently the largest auto ancillary in India. For more details, please visit (CIN – L34300MH1986PLC284510). For other details on results of Samvardhana Motherson International Limited (SAMIL), please contact:

Leave a Reply

Your email address will not be published. Required fields are marked *

Previous post L&T commissions Green Hydrogen Plant at its manufacturing complex in Hazira