Follow us
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.
By Autocar Professional Bureau
17721 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
Classic Legends to Double Network to 700+ Outlets By FY28, Focus on Customer Experience
Darshan Nakhwa
23 Apr 2026
The Mahindra-backed manufacturer plans to scale from 360 to over 700 touchpoints by FY28.
Himadri Posts Record FY26 Profit; Announces Commencement of First Anode Material Production Facility at Mahistikry
Dev Vadchhedia
23 Apr 2026
The Kolkata based manufacturer posted a 36 percent increase in full year profit after tax alongside major capacity expan...
ABB E-mobility Unveils M-Series Split System Charging Infrastructure
Dev Vadchhedia
23 Apr 2026
The new modular setup separates power generation from dispensing and dynamically allocates up to 1.2 MW of capacity acro...
