Higher EV share, FY22 auto rebound to support Motherson Sumi's revenues

Increased utilisation, improving margins and lower debt are profit triggers going ahead

Led by an improved performance across key segments, Motherson Sumi returned to growth trajectory in the December quarter. After five consecutive quarters of year on year fall in revenues, the company posted a 15 per cent growth in consolidated revenues.

The company’s revenues which were a shade under Rs 18,000 crore are its highest ever in a quarter led by operations recovering to pre-Covid levels and India business reporting a 27 per cent growth.
 

It was the operating performance that stood out as the company reported a 56 per cent jump in operating profit led by a sharp improvement in its