Top Mutual Funds
Date : 16-02-2021
Motherson Sumis (MSSL) Q3FY21 results were strong across the board. Net consolidated sales (including domestic wiring harness, DWH) rose 17.7% YoY to | 18,440 crore (SMR up 1.9%, SMP up 4.6%). Margins came in at 10.8%, up 135 bps QoQ on operating leverage benefits amid flat gross margin performance. Sharp uptick in profitability at key subsidiary SMP (margins up 230 bps QoQ to 9.5%) was the key highlight. EBITDA for the quarter were at | 1994 crore with ensuing PAT at | 799 crore, up 195% YoY.
