SAMIL Records Revenue Up By 11% QoQ
Samvardhana Motherson International (SAMIL) today announced its financial results for the fiscal 2022-23 third quarter, which ended on 31 December 2022.
Commenting on the results, Vivek Chaand Sehgal, Chairman, Motherson said, “These results demonstrate strong fundamentals of the company and continued focus on operational efficiencies. Our teams across the world have worked very hard during the challenging quarters and would like to congratulate them for their efforts. With further improvement expected in the business environment, we are poised to deliver greater value to our stakeholders. We also want to thank our customers for their continued trust in Motherson.
The company has generated quarterly revenues of Rs 20,226 crores, up by 11 per cent QoQ and by 25 per cent YoY, quarterly EBITDA of Rs 1,684 crores, up by 13 per cent QoQ and by 44 per cent YoY, quarterly PAT of Rs 454 crores, up by 85 per cent QoQ and by 388 per cent YoY.
Growth in absolute EBITDA on account of production volume recovery and improved realisations, the debt levels remain under control, and net debt to EBITDA improved from 2.0 to 1.8. Controlled capex spends (Rs 619 Crores, 37 per cent of EBITDA), QoQ increase on account of customer-led new programs. Traction has continued on EV sales by more than 6 per cent of revenue.
