55.59
-1.17%
ICICI Securities Limited
Motherson Sumi Wiring India’s (MSWIL) Q3FY23 EBITDAM at 10.6% was 100bps lower than expected and 70bps higher QoQ as, despite ~200bps QoQ gain in GM, 8% QoQ lower revenues exerted a negative impact. In the reported numbers, ~60bps impact on EBITDAM was due to one-offs in the form of forex loss and cost of software upgrades.
Motherson Sumi Wiring India Ltd. is trading below its 150 day SMA of 58.6
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