Samvardhana Motherson reports 27% jump in revenue at Rs 25,698 crore in Q3 FY24
The company reported a net profit of Rs 733 crore, for the third quarter ended December, up 61% on year.
17495 Views
Auto components firm Samvardhana Motherson International Limited reported a 27% jump in revenues, at Rs 25,698 crore in the third quarter of FY24.
The company reported a net profit of Rs 733 crore, for the third quarter ended December, up 61% on year.
Net debt of the company reduced by around Rs 866 crore despite merger and acquisition (M&A) payouts of around Rs 750 crore during the quarter, said the company, adding that there is sufficient liquidity for meeting business requirements and funding of announced acquisitions.
Around 50 percent of the Rs 1,800-crore growth capex has already been invested to support growth in emerging markets, it added.
Vivek Chaand Sehgal, Chairman, Motherson said, "These results reflect the good performance of our business divisions. Reduction in Net Debt is important for us as we continue strengthening our financial position and pursuing strategic growth opportunities."
RELATED ARTICLES
Renault Brings Back Iconic Duster SUV with Strong Hybrid, Turbo Engine
Kiran Murali
26 Jan 2026
The price will be revealed in March, with deliveries of the turbo variant starting in April, followed by the strong hybr...
India Plans Sharp Cut in Car Import Tariffs to 40% Under Proposed EU Trade Pact: Reuters
Arunima Pal
25 Jan 2026
According to Reuters, the Indian government has agreed to immediately reduce duties on a limited number of EU-built cars...
Weekly News Wrap: Truck Makers go Aggressive; Toyota, Skoda Expand Portfolios
Autocar Professional Bureau
25 Jan 2026
Product launches dominated the week, with new trucks from Tata Motors and Ashok Leyland and fresh action in the SUV segm...
