Motherson Sumi Systems’ main business is the production and sale of parts to original equipment manufacturers in the automobile industry. Indian company Samvardhana Motherson produces electrical harnesses, plastic parts, and rearview mirrors for automobiles.
Financial Results:
Samvardhana Motherson International Ltd’s revenue in Q3FY23 rose 96% to ₹ 1,62,946 lakhs. Consolidated Profit After Tax came at ₹ 70,257 lakhs in Q3FY23 showcasing a 50% rise on an YoY basis. In this quarter’s results, the reports suggested that the firm has continued to deliver consistent performance in all key operational and financial indicators in Q3Y23.