Samvardhana Motherson Q3 Results | Consolidated net profit rises 27% to ₹633 crore, revenue up 27%

At the operating level, EBITDA jumped 46.6% to ₹2,369.7 crore in the third quarter of this fiscal over ₹1,616.2 crore in the corresponding period in the previous fiscal.

EBITDA margin stood at 9.2% in the reporting quarter as compared to 8% in the corresponding period in the previous fiscal. EBITDA is earnings before interest, tax, depreciation, and amortisation.

The leverage ratio improved to 1.7x from 1.9x and the overall leverage is at a comfortable level. The net debt was reduced by ₹866 crore despite M&A payouts (net of cash/debt) of ₹750 crores during Q3. Approximately 50% of the Rs 1,800 crore growth capex has already been invested to support growth in emerging markets, the company added.

Vivek Chaand Sehgal, chairman of Motherson said, "These results reflect the good performance of our business divisions. Our team's unwavering commitment to our core values of customer satisfaction and operational excellence has helped us deliver good results consistently. Reduction in Net Debt is important for us as we continue strengthening our financial position and pursuing strategic growth opportunities."

Shares of Samvardhana Motherson International Ltd ended at ₹115.10, down by ₹6.15, or 5.07%, on the BSE.