Motherson

Motherson Sumi Wiring India on Friday said its net profit declined 3 per cent to Rs 152 crore in the second quarter ended September 30, 2024. The company had posted a net profit of Rs 156 crore for the July-September period of last fiscal. Total revenue from operations increased to Rs 2,326 crore from Rs 2,109 crore in the year-ago period, the company said in a statement. "We are committed to our expansion plans that prioritise our customers' needs, while actively exploring new opportunities within the evolving automotive landscape across all powertrains," Chairman Vivek Chaand Sehgal said. "As we move forward, we will continue to enhance our operational efficiencies and further develop our manufacturing expertise, ensuring sustainable growth and innovation," he added. Shares of the company ended 0.79 per cent down at Rs 63.9 apiece on BSE.

The initiative is part of Motherson's strategy to leverage its manufacturing expertise and branch out into new sectors

Auto components maker Motherson Sumi Wiring India Ltd on Monday reported 21 per cent increase in net profit at Rs 148.87 crore for June quarter FY25 riding on strong revenue growth. The company had logged a net profit of Rs 123.13 crore in the same quarter last fiscal, Motherson Sumi Wiring India Ltd (MSWIL) said in a regulatory filing. Total revenue from operations in the period under review stood at Rs 2,184.84 crore as against Rs 1,871.84 crore in the year-ago period. Total expenses were higher at Rs 1,991.46 crore as compared to Rs 1,706.25 crore. MSWIL said its strong revenue growth year-on-year is mainly supported by increased volumes and content on account of automotive megatrends. Performance remained resilient despite the transitory impact of higher raw material prices and startup costs mitigated with operational efficiencies, it added. MSWIL Chairman Vivek Chaand Sehgal said,"The company remains committed to understanding and staying aligned with industry trends and ..

Auto components maker Samvardhana Motherson International Ltd on Friday said it has raised USD 350 million (around Rs 2,920 crore) through the issuance of notes. The notes were issued by the step-down subsidiary, SMRC Automotive Holdings Netherlands BV (SAHN BV) backed by a corporate guarantee from Samvardhana Motherson International Ltd (SAMIL), the company said in a statement. The issue was oversubscribed six times with a peak order book in excess of USD 2.2 billion, it added. "The fund raised by way of issuance of notes marks return of the Motherson Group after 8 years to USD bond market and first-ever with a dual investment grade rating from two reputed international credit rating agencies -- Moody's and Fitch," SAMIL said. The issuance is debt neutral as proceeds from the same will be utilised to repay existing debt. The notes shall be listed on the Frankfurt Stock Exchange, it added. "The success of this transaction is a testament to the Motherson Group's adherence to its ..

Dr Schneider Group filed for insolvency in September due to failed operational and financial restructuring

Auto component maker Samvardhana Motherson International on Friday said it has inked a pact to fully acquire Bengaluru-based Rollon Hydraulics for an undisclosed amount. Rollon is engaged in manufacturing, assembly and supply of high-precision turned parts, spools, and other machined components with critical engineering applications for the agriculture and off- Highway segment from its two facilities based out of Bengaluru. "Our focus on being a solutions provider to our customers has been a driving force for this acquisition. We are getting access to a new industry segment of construction and material handling for our precision metal business," Motherson Chairman Vivek Chaand Sehgal said in a statement. The company believes this business is highly synergistic with Motherson's existing business and offers ample opportunities to grow this business in India, Mexico & other geographies, he added. "This is our fifth acquisition in India in the past 12 months, reaffirming India's ...

BENGALURU (Reuters) - Indian auto components maker Samvardhana Motherson International Ltd said its third-quarter profit jumped 85%, meeting estimates.

Motherson has partnered with US investment fund KKR to negotiate with Marelli on the terms and conditions of support ahead of the second round of bidding

Motherson said it is scaling its capabilities to provide integrated solutions to the aerospace industry

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Strong operating performance, falling debt keep Street positive

Margins for the business, too, were down on account of weak operating leverage and the gradual ramp-up of plants

The automotive component maker has averaged one acquisition per year since 2002, and has managed to turn all except one profitable

Impact will be lower on Bosch and Bharat Forge in the medium term

Last month, Motherson announced its 18th acquisition and the biggest till date

Company has mandated Barclays, HSBC and Standard Chartered as joint managers to the issue