The company announced Q4 results during trading hours today, 17 May 2013.
Meanwhile, the S&P BSE Sensex was down 72.60 points or 0.36% at 20,174.73.
On BSE, 1.66 lakh shares were traded in the counter as against average daily volume of 42,993 shares in the past one quarter.
The stock hit a high of Rs 217.40 and a low of Rs 208 so far during the day. The stock had hit a record high of Rs 221.50 on Thursday, 16 May 2013. The stock had hit a 52-week low of Rs 104 on 3 August 2012.
The stock had outperformed the market over the past one month till 16 May 2013, surging 18.95% compared with the Sensex's 8.01% rally. The scrip had also outperformed the market in past one quarter, jumping 6.84% as against Sensex's 4% rise.
The large-cap company has equity capital of Rs 58.79 crore. Face value per share is Re 1.
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Shares of Motherson Sumi Systems had witnessed a pre-result rally. The stock had surged 7.38% in three trading sessions to settle at Rs 213.15 on Thursday, 16 May 2013, from a recent low of Rs 198.50 on 13 May 2013.
Motherson Sumi Systems' consolidated net profit jumped 71.21% to Rs 444.54 crore on 71.79% growth in total income to Rs 25633.91 crore in FY 2013 over FY 2012.
Mr. V C Sehgal, Chairman of Motherson Sumi Systems said that the company could deliver consistent and superior performance across all business segments in FY 2013 despite gloomy market conditions.
Motherson Sumi Systems said the consolidated results include results of Samvardhana Motherson B.V. (SMBV) which acquired stake in Peguform GmbH and Peguform Iberica, SL on 23 November 2011 and hence the figures of FY 2013 are not strictly comparable with FY 2012. The company and Samvardhana Motherson International (SMIL) hold directly or indirectly 51% and 49% respectively in SMBV. Further, the company through its subsidiaries has acquired 3.72% stake in Peguform Group (SMP Deutschland GmbH and SMP Automotive Technology Iberica S.L) thereby increasing its stake in the Peguform Group from 80% to 83.72% and in lieu transferred the 50% stake held in Wethje Group to Cross Industries at the cost of acquisition, Motherson Sumi said.
Motherson Sumi Systems' board of directors at a meeting held today, 17 May 2013, recommended dividend of Rs 2 per share for FY 2013.
Motherson Sumi Systems supplies components, modules and systems to the automotive sector. Its business portfolio encompasses electrical distribution system (EDS), polymer products and complete module solutions. It is the largest supplier of EDS to the Indian automotive industry.
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