Motherson Sumi Systems spurted 7.57% to Rs 288.35 at 13:06 IST on BSE after consolidated net profit rose 22% to Rs 414 crore on 8% growth in revenue to Rs 10068 crore in Q4 March 2016 over Q4 March 2015.
The result was announced during market hours today, 17 May 2016.Meanwhile, the S&P BSE Sensex was up 238.96 points or 0.93% at 25,892.19.
On BSE, so far 14.30 lakh shares were traded in the counter as against average daily volume of 2.11 lakh shares in the past one quarter. The stock hit a high of Rs 290.50 and a low of Rs 262.10 so far during the day. The stock had hit a record high of Rs 395.85 on 6 August 2015. The stock had hit a 52-week low of Rs 206.20 on 25 February 2016. The stock had outperformed the market over the past one month till 16 May 2016, gaining 4.04% compared with the Sensex's 0.1% rise. The scrip had also outperformed the market in past one quarter, advancing 18.4% as against Sensex's 10.61% rise.
The large-cap company has equity capital of Rs 132.29 crore. Face value per share is Rs 1.
Motherson Sumi Systems' (MSSL) earnings before interest, taxation, depreciation and amortization (EBITDA) rose 14% to Rs 1061 crore in Q4 March 2016 over Q4 March 2015.
Motherson Sumi Systems is one of the world's fastest growing specialised automotive component manufacturing company for original equipment manufacturers (OEMs). It is the flagship company of the Samvardhana Motherson Group.
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