Motherson Sumi hits record high on good Q4 results and bonus announcement

The stock hit a record high of Rs 441, up 4%, extending its Friday's 3.5% gain on BSE.

Motherson Sumi Systems (MSSL) hit a record high of Rs 441, up 4% on the BSE, extending its Friday’s 3.5% gain, after the company reported 12% year-on-year (YoY) growth in its consolidated net profit at Rs 475 crore for the quarter ended March 2017 quarter (Q4FY17).

The company’s consolidated revenue grew 15% at Rs 11,100 crore on YoY basis. Its earnings before interest, tax, depreciation and amortization (Ebitda) margin expanded 98 basis points (bps) YoY to 11.1%, benefitted by strong operational performance at Samvardhana Motherson Reflectec (SMR) and Samvardhana Motherson Peguform (SMP) coupled with healthy standalone performance.

“This