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NSE Aug 18, 2022 15:31 PM
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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.”

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