Auto Parts & Equipment firm Motherson Sumi Wiring India Announced Q1FY23 Result : Strong Quarterly numbers by Motherson Sumi Wiring India Limited (MSWIL), Revenues of Rs. 1671 crores, up by 50%, PAT is Rs. 126 crores, up by 107% for Q1FY23 Quarterly revenues of Rs. 1,671 crores, up by 50% Quarterly EBITDA of Rs 208 crores, up by 81% Quarterly PAT of Rs 126 crores, up by 107% Commenting on the results, Mr. Vivek Chaand Sehgal, Chairman, Motherson Sumi Wiring India Ltd. said, “The Indian automotive industry continued to face semi-conductor shortages and supply chain constrains during the quarter, thereby impacting ability to achieve full production volumes to meet the strong market demand. We do see gradual improvement going forward as supply chain issues ease though inflationary environment persists. Under these given circumstances, the company has performed well. We would like to thank our customers for their continued trust and our teams for their relentless efforts.” Result PDF
Auto Parts & Equipment firm Motherson Sumi Wiring India declares Q4FY22 result: Motherson Sumi Wiring India Limited (MSWIL) posts impressive Q4 results, with Revenues of Rs. 1662 crores, up by 14%. Quarterly revenues of Rs. 1,662 crores, up by 14% on QoQ Quarterly EBITDA of Rs 252 crores, up by 21% on QoQ The board has recommended dividend of Rs. 0.85 per share for the FY21-22 Commenting on the results, Mr. Vivek Chaand Sehgal, Chairman, Motherson Sumi Wiring India Ltd. said, “We have kept our promise of bifurcating MSSL into two separate listed companies, one being domestic wiring harness business in India, to meet the demand / expectations of our shareholders/other stakeholders; completed in a period of 18 months . This has entailed significant management time and costs which are fully accounted for in the results. It’s a very proud moment for us as we bring MSWIL’s quarterly results for the very first time as a separate public listed company. These results are reflection of strength of our wiring harness business in India. MSWIL has carved its position as one of the most trusted partners for its customers. It has and will continue to invest in people, technology, and facilities ahead of time to remain aligned with future needs and continue its efforts to remain the preferred partner of our customers.” Result PDF