* Consolidated Total Sales up by 22%.
* Consolidated Domestic Sales up by 59%.
* Standalone Total Sales up by 63%
* Standalone Domestic Sales up by 68%.
* SMR Sales up by 22% (in Euro terms) and 9% (in Rupee terms)
* SMR PBT up by 1391% and PAT up by 1015%
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* Consolidated EPS of Rs 10.01 as compared to Rs. 6.07 in the previous year
* Dividend declared at Rs. 2.75 per share as compared to Rs. 1.75 per share during FY 2009-10
| MSSL FY11 Consolidated Results (all comparisons with FY10) Figures in Rs./Crore | |||
| 2010-11 | 2009-10 | % change | |
| Total Sales | 8,176 | 6,702 | 22% |
| Earnings Before Interest Depreciation & Tax* | 929 | 683 | 36% |
| Depreciation | 246 | 260 | -5.40% |
| EBIT * | 683 | 423 | 61% |
| Exceptional Expenses / (Income) | - | 43 | N.A |
| Exchange fluctuation on FCCB | -6 | -26 | -77% |
| Profit Before Tax | 631 | 343 | 84% |
| Profit After Tax (Concern Share) | 391 | 243 | 61% |
| EPS (Diluted) | 10.01 | 6.07 | 65% |
| *without restructuring cost | |||
* Share Exchange Ratio for Sumi Motherson Innovative Engineering Limited (SMIEL) at 10 shares of MSSL against 57 shares of SMIEL. Post merger, MSSL’s capital shall be Rs. 39.196 crore.
| FY11 Consolidated Results of Samvardhana Motherson Reflectec, a subsidiary of MSSL | ||
| FY11 | FY10 | |
| Total Sales (Euro in millions) | 755 | 620 |
| Figures in Rs./Crore | ||
| Total Sales | 4,547 | 4,159 |
| Earnings Before Interest Depreciation & Tax* | 314 | 236 |
| Depreciation | 130 | 150 |
| EBIT * | 184 | 86 |
| Exceptional Expenses/ (Income) | - | 43 |
| Profit Before Tax | 164 | 11 |
| Profit After Tax (MSSL’s Share) | 48 | 6 |
| *with restructuring cost | ||
Commenting on the results of Vivek Chaand Sehgal, Chairman, Samvardhana Motherson Group; Vice-Chairman, Motherson Sumi Systems said:
* The company has delivered superior results in the last year 2010-2011. The Company has grown more than the market. We would like to thank our customers, shareholders, employees and suppliers who have consistently reposed their trust in us.
* The Domestic Automotive industry has shown robust growth in FY 2010-11 which aided our growth
* SMR has shown good consistent performance in the second year of its operations.
* SMR is setting up its second plant in Hungary and is also setting up new plants in Brazil and Thailand, where production will commence in the coming year.
| MSSL Consolidated sales growth for Q4 (Figures in Rs/Crore) | |||
| Q4FY11 | Q4FY10 | % change | |
| Total Sales | 2,318 | 1,928 | 20% |
* During the year the Company has added new plants in Chennai, Bengaluru and Haldwani.
| MSSL Standalone sales growth for FY11 is about 63% (Figures in Rs/Crore) | |||
| 2010-11 | 2009-10 | % change | |
| Total Sales | 2,778 | 1,705 | 63% |