Motherson Sumi to hold its Board Meeting on August 5th

Motherson Sumi Wiring India Limited has scheduled a Board of Directors meeting on August 5, 2024, to deliberate and approve the unaudited financial results for the first quarter ending June 30, 2024.

Shareholders and stakeholders anticipate insights into Motherson Sumi's financial performance, particularly after the previous quarter's robust figures, which included a net profit of ₹191.44 crore and earnings per share of ₹0.43.

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The company's performance in the last quarter, with a strong profit margin and positive earnings per share, sets optimistic expectations. Shareholders are likely to scrutinize the board's decisions regarding operational expenditures, profitability, and dividend payouts.

The meeting's outcomes will influence investor sentiment and perceptions of Motherson Sumi's ability to sustain growth in a competitive environment. 

Last Quarter March 2024 financial metrics:

• Revenue: ₹2,232.67 crore
• Other Income: ₹4.33 crore
• Total Income: ₹2,237.00 crore
• Expenditure: ₹1,947.17 crore
• Interest: ₹5.83 crore
• Profit Before Depreciation and Tax (PBDT): ₹289.83 crore
• Depreciation: ₹39.37 crore
• Profit Before Tax (PBT): ₹250.46 crore
• Tax: ₹59.02 crore
• Net Profit: ₹191.44 crore
• Equity: ₹442.11 crore
• Earnings Per Share (EPS): ₹0.43
• Cash Earnings Per Share (CEPS): ₹0.52
• Operating Profit Margin (OPM): 13.24%
• Net Profit Margin (NPM): 8.57%

These figures reflect Motherson Sumi's financial performance for the quarter ending March 2024.

Motherson Sumi Wiring India Limited 

Motherson Sumi Wiring India Limited is a prominent player in India's wiring harness segment, established as a result of a strategic demerger from Samvardhana Motherson International Ltd.

The company, a joint venture with Sumitomo Wiring Systems, specializes in providing comprehensive system solutions for OEMs in the automotive sector. With a robust presence across India through 26 facilities, Motherson Sumi Wiring India excels in every aspect of the supply chain, from product design to manufacturing and assembly.

Focused on customer satisfaction and technological innovation, the company is well-positioned to capitalize on the growing trend of automotive electrification and aims to sustain its leadership by prioritizing safety, quality, and continuous improvement.