Near-term volume, margin headwinds for Motherson Sumi

Supply disruptions have led to downward revision of earnings estimates for FY22

A weak operating performance in the September quarter and muted near term outlook led to downward revisions of earnings of auto ancillary major, Motherson Sumi. The weak sentiment weighed on the stock prices that fell 4.2 per cent; it was the second highest loser among in the BSE 100 index on Monday.

Even as the domestic operations posted a 14 per cent growth in revenues in the quarter on a sequential basis, all the international businesses  which account for 90 per cent of revenues reported a decline.

Within the international business, SMRPBV, the largest overseas operation, registered a 13.6 per