While revenues in India and profit after tax both grew by 20 percent, overseas numbers are up by 14 percent.
19 May 2017 | 5693 Views | By Nilesh Wadhwa
Motherson Sumi Systems Ltd (MSSL), the largest automotive component supplier in India, has reported its highest ever quarterly revenue of Rs 11,100 crore (+15%) and its highest-ever net quarterly profit of Rs 475 crore (+12%), for Q4 2017.
MSSL registered revenues of Rs 41,985 crore with (EBITDA of Rs ...
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Motherson Sumi Systems Ltd (MSSL), the largest automotive component supplier in India, has reported its highest ever quarterly revenue of Rs 11,100 crore (+15%) and its highest-ever net quarterly profit of Rs 475 crore (+12%), for Q4 2017.
MSSL registered revenues of Rs 41,985 crore with (EBITDA of Rs 4,285 crore) for FY2017, an increase of 15% from Rs 36,580 crore with (EBITDA of Rs 3,548) crore in FY16. The company’s PBT grew by 39% to Rs 2,997 crore in 2017 from Rs 2,155 crore in 2016.
Other highlights for FY2017 are that the company’s revenues in India grew by 20% and PAT up by 20% (up 28% without writing off the exceptional cost of the recent PKC Acquisition) with EBITDA up by 21%. Overseas revenues grew at 14%. The company received new orders worth Rs 29,425 crore (Euro 4.0 billion) during FY2017 and execution of orders worth Rs 33,765 crore (Euro 4.6 billion) started during the fiscal.