Motherson Sumi

By Research Desk
about 12 years ago

The company has posted a set of flat numbers for Q4FY13 with consolidated net profit coming in at Rs.196 crore v/s Rs.195 crore (YoY). But sequentuially, the bototmline has shown a rise of 90%. Net sales came in at Rs.6600 crore, up 4% (YoY). Of this, 80% was through exports and balance was domestic sales. EBIDTA margin is at 8.7% compared to 6.9% in Q4FY12. In November 2011, on 23rd Nov to be more precise, the company had taken over Peguform Group, which is today renamed as Samvardhana Motherson Peguform (SMP) is now a part of the consolidated performance of Motherson and that acquisition seems to have helped boost the numbers substantially. SMP’s sales came in at Rs.3213 crore and though EBIDTA also showed an improvement to 3.1% from 1.6%, net loss has increased from Rs.4 crore to Rs.17 crore.  Its overseas subsidiary Samvardhana Motherson Reflectec (SMR) did better, with a 21% rise in total revenue and 38% increase in PAT.

The company’s interest outgo remains quite substantial; it was at Rs.58 crore but this has come down from Rs.62 crore in Q3FY13 and Rs.79 crore in Q4Fy12. But interest outgo for FY13 was up 51% at Rs.249 crore. Its net debt as at 31st Dec 2013 stood at Rs.4310 crore, up 4% (YoY). Cash at hand currently stands at Rs.594 crore. Way back in 2010, the company has given a guidance that by 2014-15 it will be a plus US$ 5 billion company.

165.15 (+3.30)