Motherson Sumi, Thyrocare down post Q3FY19 results

Motherson Sumi and Thyrocare are trading lower post Q3FY19 results.

Feb 11, 2019 08:02 IST India Infoline News Service

Shares of Motherson Sumi slipped 1%, while those of Thyrocare Technologies plunged 9% post their respective earnings numbers for the third quarter of FY19.

Auto ancillary maker Motherson Sumi Systems Ltd (MSSL) reported marginally lower-than-expected set of numbers in Q3FY19. The company reported consolidated PAT of Rs389cr against an expectation of Rs430cr. Its consolidated revenue was up 14.5% yoy (9% qoq) at Rs16,472.98cr, against the expectations of Rs17,074cr.

Motherson Sumi Systems Ltd's share price is currently at Rs134.25, up by Rs0.25 or 0.19%, from its previous closing of Rs134 on the BSE.

The scrip opened at Rs134.40 and has touched a high and low of Rs140.80 and Rs130.45, respectively.

So far 1,45,90,645 (NSE+BSE) shares have been traded on the counter. The current market cap of the company is Rs42,647.90cr.
Thyrocare’s PAT declined by 6.9% yoy to Rs20cr in Q3FY19 vs. Rs21.5cr in Q3FY18. The decline in margins can be attributed to higher other expenses, which grew by 33.3% yoy to Rs24.4cr in Q3FY19.

Thyrocare Technologies Ltd's share price is currently at Rs501.20, down by Rs48.3 or 8.79%, from its previous close of Rs549.50 on the BSE. The scrip opened at Rs538.50 and has touched a high and low of Rs542.35 and Rs496.15, respectively. So far, 56,942 (NSE+BSE) shares have been traded on the counter. The current market cap of the company is Rs2,901.28cr.

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