SAMIL posts its Highest Ever yearly and quarterly revenues of Rs. 78,701 crores and Rs. 22,477 crores, up by 23% and 30%, respectively. PAT of Rs. 1,496 crores and Rs. 654 crores for the full year and quarter, up by 193% and 438%, respectively. Strong booked business of nearly Rs 5.70 lac crores from the automotive business.
Noida, Uttar Pradesh – 26th May 2023 – Samvardhana Motherson International Limited (SAMIL) [formerly Motherson Sumi Systems Ltd.] today announced its financial results for the fourth quarter of the fiscal year 2022-23, which ended on 31st March 2023.
Commenting on the results, Mr. Vivek Chaand Sehgal, Chairman, Motherson said,
“With the support of our customers and the hard work of our teams, the company has ended the year with strong performance. The robust booked business of nearly USD 70 billion is a reflection of customer trust in Motherson. SAMIL is well-positioned to gain from emerging trends in the automotive industry. The additional 7 strategic acquisitions and the M&A pipeline will further strengthen our business portfolio, and we look forward to exciting times ahead.”
Continued deleveraging, Net Debt to EBITDA ratio improved to 4x from 1.8x QoQ, Net Debt at Rs 7,474 crores, lower by 1,000 crores QoQ
· 7 Strategic acquisitions since April 2022 with a combined proforma revenue of USD 4.9 billion on a gross basis and USD 1.1 billion on a net basis approx.
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