Motherson Sumi Systems Ltd. posts “Highest Ever Revenue in a Financial Year”

BW Online Bureau May 27, 2019

Motherson Sumi Systems Limited (MSSL) has announced financial results for its fiscal 2018-2019 fourth quarter, which ended on 31st March 2019.

Highlights Q4 FY18-19

Highlights 12M FY18-19

·Overall Revenues up by 11%,

·Revenues Outside India up by 14 %,

·SMRP BV revenues up by 13%,

·SMR revenues up by 4%,

·SMP revenues up by 18%

·PKC Group revenues up by 14%

·Overall Revenues up by 12 %,

·Revenues Outside India up by 13 %,

·Higher Net Free Cash despite volatile market conditions

·Net Debt at lowest level during the current financial year

·New orders worth Rs. 45,312 crores (Euro 5.6 billion) approx. won during FY 18-19

·Execution of orders worth Rs. 55,021 crores (Euro 6.8 billion) approx. started during FY 18-19

·Strong order book of over Rs. 1.47 lac crores (Euro 18.2 billion) approx. at SMRP BV level

Commenting on results, Mr Vivek Chaand Sehgal, Chairman, MSSL said “We are very grateful to our customers for their continued trust which helped us in closing the year on an all-time high revenue for MSSL. We have achieved strong order book of over Rs. 1.47 lac crores, which brings us great opportunities to further serve our customers globally. It’s heartening to see that we have generated higher net free cash in an uncertain market condition despite ramp up of new large plants at Tuscaloosa and Kecskemet. We are committed to create long term value for our all stakeholders”