Motherson Sumi hits 52-week high on highest-ever quarterly revenue in Q3

With the rollout of Covid-19 vaccine in different parts of the world, the management is optimistic that the demand and positive sentiments will improve in the upcoming quarters

Shares of Motherson Sumi Systems hit 52-week high of Rs 194.55, ralling 9 per cent on the BSE in the intra-day trade on Friday, after the company reported highest-ever quarterly revenues of Rs 17,923 crore, up by 15 per cent over the previous year quarter, in Q3FY21.

The company's consolidated profit after tax (PAT) more-than-doubled to Rs 798 crore from Rs 271 crore in the corresponding quarter of previous fiscal. Earnings before interest, taxes, depreciation, and amortization (Ebitda), meanwhile, grew 56 per cent year on year (YoY) at Rs 2,041, while margins improved 300 basis points (bps) to 11.4 per cent