Below is the Quote on 1QFY21 results of Motherson Sumi Systems Ltd - By Rajit Rajoriya, Equity Research Associate, Angel Broking Ltd.
“Consolidated revenue from Operations of Motherson Sumi declined by 49.5 percent YoY to Rs 8,431Cr for Q1FY21. Company posted a consolidated net loss of Rs 1192cr. for the June quarter as against street expectations of Rs540 crore loss and a profit of Rs 360.6 crore in Q1FY20. Business activity was badly hit as operations were severely impacted at major plants due to lockdowns. Overall the company reported numbers which were well below street estimates.”
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