Motherson Sumi Wiring India Q1FY23 Results: PAT rose huge by 171.3% to ₹126 Cr QOQ and 59.8% YoY

Quarterly EBITDA of ₹208 crores, up by 81% Realigned its operations at Bengaluru and Chennai to cater to increased customer requirements New facility in Chennai to support the growth in the region Dedicated line at Chennai for high voltage harnesses to meet the supplies for customers EV vehicle demand (PV, CV & Two-Wheeler), augmenting the high voltage facilities already existing in Pune

Motherson Sumi Wiring India
article continues after this advertisement

Motherson Sumi Wiring India is the market leader in passenger car wiring harnesses in India and for heavy, medium and light-duty commercial vehicles in China, North America and Europe.

The company has posted its Q1FY23 financial results today, the details are as below :

(I) Unaudited Consolidated Financial Results for Quarter Ended (QOQ comparison):

Motherson Sumi Wiring Q1 results 2022 reported, a consolidated Total Income of ₹1,678.63 crore in the quarter ended on June 30, 2022 as against ₹1,670.81 crore in the last quarter ended on Mar 31, 2022, increased by 0.47%.

The company has posted a consolidated Net Profit of ₹125.96 crore in the quarter ended on March 31, 2022 as against ₹46.42 crore in the previous quarter ended on June 30, 2022. The PAT surges up by 171.35%.

The status of the EPS of the company stood at ₹0.40 as on March 31, 2022 compared to the previous quarter ended on June, 2022 which was ₹0.15, up by 166.67%.

₹*June 30, 2022 (Q1FY23)Mar 31, 2022 (Q4FY22)
Total Income1,678.631,670.81
Total Expenses1502.701529.13
PBT /(Loss)175.9376.27
Total Tax /(credit)49.9729.85
PAT /(Loss) [to the owners]125.9646.42
*figures are in Crores

(II) Unaudited Consolidated Financial Results for Quarter Ended (YoY comparison):

The company has reported, a consolidated Total Income of ₹1,678.63 crore in the financial year ended on June 30, 2022 as against ₹1,118.43 crore for the same quarter ended on last year June 30, 2021 that increased by 50.09%.

Q1 results 2022 of Motherson Sumi shows a consolidated Net Profit of ₹125.96 crore in the financial year ended on June 30, 2022 as against ₹78.83 crore for the same quarter ended on last year June 30, 2021. The PAT surges up by 59.79%.

The status of the EPS of the company stood at ₹0.40 as on June 30, 2022 compared to the quarter ended on last year June 30, 2021 which was ₹0.25, up by 60.00%.

₹*June 30, 2022 (Q1FY23)June 30, 2021 (Q1FY22)
Total Income1,678.631,118.43
Total Expenses1502.701012.57
PBT /(Loss)175.93105.86
Total Tax /(credit)49.9727.03
PAT /(Loss) [to the owners]125.9678.83
*figures are in Crores
Motherson Sumi Wiring India Factory – Market Times

(III) Key Highlights about the Performance :

  • Quarterly EBITDA of ₹208 crores, up by 81%
  • Realigned its operations at Bengaluru and Chennai to cater to increased customer requirements
  • New facility in Chennai to support the growth in the region
  • Dedicated line at Chennai for high voltage harnesses to meet the supplies for customers EV vehicle demand (PV, CV & Two-Wheeler), augmenting the high voltage facilities already existing in Pune

Motherson Sumi Wirind India Q1FY23 results

Shares of Motherson Sumi Wiring India Ltd was last trading in BSE at ₹79.50 as compared to the previous close of ₹77.50. The total number of shares traded during the day was 495240 in over 6272 trades.

The stock last hit in BSE,

  • Intraday High of ₹ 84.30
  • Intraday low of ₹ 78.80