/ Motherson Sumi Systems Ltd's Q3FY17 Consolidated Net Profit Rises 28.3% Yoy To Rs.547 Crore ~ Ways2Capital|Stock Tips|Stock Market Tips|Intraday Stock Tips|Stock Trading Tips|NSE BSE Tips

Monday, 13 February 2017


Motherson Sumi Systems Ltd's Q3FY17 consolidated results for the quarter registered a beat on consensus estimates. Net profit for the quarter came in 46.6 % higher than the estimated figure of Rs. 373 crores.  EBITDA for the quarter came in 5.1 % higher than the estimated figure of Rs. 1056 crores. However, revenue for the quarter came in-line with the estimated figure of Rs. 10865 crores.

Company’s consolidated revenue for the quarter came in at Rs. 10797 crores, registering 12.5% yoy increase. This was primarily driven by 16.7% yoy increase in revenue from SMR segment. EBITDA for the quarter rose by 22.8% yoy to Rs. 1109 crores with a corresponding margin expansion of 87 bps. EBITDA margin for the quarter stood at 10.3%.

The PAT for the quarter came in at Rs. 547 crores, a yoy increase of 28.3%. Company’s other income for the quarter increased to Rs.  43.3 crore compared to other income of Rs. 3.7 crore in Q3FY16.
 
Motherson Sumi Systems Ltd is currently trading at Rs. 345.8, down by 9.7 points or 2.73% from its previous closing of Rs. 355.5 on the BSE. The scrip opened at Rs. 358 and has touched a high and low of Rs. 358.9 and Rs. 340.85 respectively. So far 5240633(NSE+BSE) shares were traded on the counter. The stock is currently trading below its 50 DMA.

For Quick Trial – 8962000225 ✔
or mail us here: info@ways2capital.com
✆ - 0731-6626222 | Toll Free - 1800-3010-2007
Give a Missed Call for Free Trial - 09699997717

0 comments: