Auto Parts & Equipment company Samvardhana Motherson International announced FY24 results: SAMIL reports revenues of Rs 98,692 crore, up by 25% for FY24 Leverage ratio maintained at 1.4x (same as FY23) despite large M&A; payouts and growth capex. Strong customer relationships reflected in USD 83.9 billion automotive booked business (excluding Yachiyo) Delivered ROCE of 17% for FY24, compared to 11% in FY23; continued focus on further improvements. Majority of Growth Capex is in emerging markets, 18 Greenfields are on track to come on stream in FY25 & FY26. Visible results of Inventory/working capital optimisation – continue to be a key focus area. All announced M&As; closed as of May 2024, with integration well on track. Commenting on the results, Vivek Chaand Sehgal, Chairman, Motherson said, “We are encouraged by the company's performance, which results from the efforts of business divisions and acquired entities. We have also maintained a healthy financial position by keeping leverage and debt under control. Our automotive booked business of over USD 83.9 billion provides strong revenue visibility. We also foresee good traction from our non-automotive businesses, such as aerospace, consumer electronics, and health and medical. To fully utilise our manufacturing capabilities, we are setting up new facilities across emerging markets. We are grateful to our customers for their trust and confidence in Motherson and want to express our sincere appreciation to our people globally for their dedication and hard work.” Result PDF