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Samvardhana Motherson clocks 436% y-o-y growth in Q4 PAT

26 May 2023 , 03:45 PM

Samvardhana Motherson reported an extraordinary surge in its consolidated net profit, with a staggering 436% y-o-y increase for the quarter ending in March. During this period, the company recorded a profit of Rs 654 crore, a significant rise from Rs 122 crore earned in the corresponding period of the previous year.

In the reporting quarter, the company witnessed a remarkable 30% surge in revenue from operations, reaching an impressive Rs 22,477 crore compared to Rs 17,241 crore in the corresponding quarter of the previous year. These reported revenues mark the highest ever achieved by the company in a single quarter.

According to the company, they currently have a robust backlog of business amounting to approximately Rs 5.70 lakh crore from the automotive sector.

Additionally, the Board has announced a dividend of Rs 0.65 per equity share for the fiscal year ended March 2023.

Samvardhan Motherson stated that it has successfully concluded seven strategic acquisitions since April 2022, which collectively generate a proforma revenue of $4.9 billion before deductions and $1.1 billion after deductions.

Samvardhana’s stock closed at Rs 80.85 in Friday’s trade.

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