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Indian auto parts maker Samvardhana Motherson misses Q2 profit estimates as car sales slow Indian auto parts maker Samvardhana Motherson International reported a smaller-than-expected increase in second-quarter profit on Tuesday, hurt by slower demand. The company, which supplies Maruti Suzuki, Mercedes Benz, Audi and other automakers, said consolidated net profit rose over four-fold to 8.8 billion rupees ($104.27 million) for the three months ended Sept. 30. However, that missed analysts' average estimate of 9.15 billion rupees, according to data compiled by LSEG. Ind...
Indian auto parts maker Samvardhana Motherson misses Q2 profit estimates as car sales slow
Indian auto parts maker Samvardhana Motherson misses Q2 profit estimates as car sales slow
Source: Reuters
2024-11-13 10:02:16 am
Stock of the day : Samvardhana Motherson International Ltd For Target Rs. 226 - Religare Broking Samvardhana Motherson International Ltd * We are seeing a decent traction in auto and auto-related sectors and MOTHERSON is offering a fresh buying opportunity. * It has registered a breakout from basing pattern after spending over two months in consolidation phase. * The breakout has been accompanied with a strong bullish candle and noticeable volumes. * Hence, traders can consider longs in the mentioned range.   Buy Samvardhana Motherson International Ltd&nbs...
Stock of the day : Samvardhana Motherson International Ltd For Target Rs. 226 - Religare Broking
Stock of the day : Samvardhana Motherson International Ltd For Target Rs. 226 - Religare Broking
Source: Religare Broking
2024-09-27 11:15:17 am
Buy Samvardhana Motherson International Ltd Target Rs. 218 By Motilal Oswal Financial Services Ltd Strong performance in a tough quarter * Samvardhana Motherson (MOTHERSO) reported a strong 65.5% YoY growth in earnings (in line with estimates) despite muted automotive production growth in 1Q. It reported an 18% annualized RoCE in 1Q and management expects the same would continue to improve in FY25, aided by synergy benefits of acquisitions. * Our positive view on MOTHERSO remains intact based on the ramp up of new businesses in non-auto, execution of a strong order book for...
Buy Samvardhana Motherson International Ltd Target Rs. 218 By Motilal Oswal Financial Services Ltd
Buy Samvardhana Motherson International Ltd Target Rs. 218 By Motilal Oswal Financial Services Ltd
Source: Motilal Oswal Financial Services Ltd
2024-08-25 10:27:03 am
Buy Samvardhana Motherson Ltd For Target Rs.208 By Yes Securities Inorganic levers to cushion moderating volumes View – Structurally well placed yet global LV start to moderate Samvardhana Motherson (MOTHERSON) 1QFY25 exceeded our EBITDA estimates by ~7% (in-line to street), led by steady margins across verticals (adjusted for one-offs of Rs2.7b reported in 4QFY24). This led to reported consol margins at 9.6% (+100bp YoY/ -120bp QoQ, est 9.4%). Underlying revenue growth of ~28.5% YoY in 1QFY25 was led by combination of organic and inorganic (Rs...
Buy Samvardhana Motherson Ltd For Target Rs.208 By Yes Securities
Buy Samvardhana Motherson Ltd For Target Rs.208 By Yes Securities
Source: Yes Securities Ltd
2024-08-14 03:15:47 pm
Indian auto parts maker Samvardhana Motherson beats quarterly profit estimates Indian auto parts maker Samvardhana Motherson International reported a better-than-expected profit for the first quarter on Tuesday, helped by a shift in customer preference to premium vehicles and a revenue boost from recent acquisitions. The company, which supplies parts to automakers including Maruti Suzuki, Mercedes Benz and Audi, said consolidated net profit rose 65.5% to 9.94 billion rupees ($118.42 million) in the three months ended June 30. Analysts had expected a profit of 9.51...
Indian auto parts maker Samvardhana Motherson beats quarterly profit estimates
Indian auto parts maker Samvardhana Motherson beats quarterly profit estimates
Source: Reuters
2024-08-13 04:02:53 pm
Buy Samvardhana Motherson Ltd For Target Rs. 170 By Motilal Oswal Financial Services Healthy beat; promising growth prospect in non-auto Reduced gross debt of INR18b in 4QFY24 despite large M&A payouts * Samvardhana Motherson (MOTHERSO) reported robust performance in 4QFY24 as EBITDA/PAT exceeded our estimates at INR26.7b/INR9.2b (est. INR24.9b/INR6.6b). Additionally, the management indicated that the P&L impact of the Yachio, Lumen, and ADI acquisitions will start reflecting in 1QFY25. These acquisitions are expected to contribute an additional INR144b in net...
Buy Samvardhana Motherson Ltd For Target Rs. 170 By Motilal Oswal Financial Services
Buy Samvardhana Motherson Ltd For Target Rs. 170 By Motilal Oswal Financial Services
Source: Motilal Oswal Financial Services
2024-07-02 03:09:13 pm
Samvardhana Motherson gains on completing acquisition of 73.05% stake in Irillic Samvardhana Motherson International is currently trading at Rs. 131.70, up by 0.55 points or 0.42% from its previous closing of Rs. 131.15 on the BSE. The scrip opened at Rs. 132.30 and has touched a high and low of Rs. 132.95 and Rs. 131.30 respectively. So far 217943 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 1 has touched a 52 week high of Rs. 132.25 on 29-Apr-2024 and a 52 week low of Rs. 72.44 on 28-Apr-2023. Last one week high and low o...
Samvardhana Motherson gains on completing acquisition of 73.05% stake in Irillic
Samvardhana Motherson gains on completing acquisition of 73.05% stake in Irillic
Source: Accord Fintech
2024-04-29 10:05:40 am
Buy Samvardhana Motherson International Ltd. For Target Rs.141 By Elara Captil Inorganic acquisitions coming to fruition Stellar margin performance      Samvardhana Motherson International’s (MOTHERSO IN) Q3 EBITDA rose 47% YoY/26% QoQ to INR 23.7bn, with EBITDA margin at 9.2% (+125bp YoY/+120bp QoQ). EBITDA, adjusted for one-off expense from hyperinflationary environment in Argentina, was 9.5%. Consolidated revenue rose 27% YoY/10% QoQ to INR 256.9bn. Ex-hyperinflationary impact...
Buy Samvardhana Motherson International Ltd. For Target Rs.141 By Elara Captil
Buy Samvardhana Motherson International Ltd. For Target Rs.141 By Elara Captil
Source: Elara Capital
2024-04-02 01:41:35 pm
Argentina unit hit drags India`s Samvardhana Motherson to Q3 profit miss  Indian auto parts maker Samvardhana Motherson International's third-quarter profit missed estimates on Monday, as hyperinflation weighed heavily on its Argentinian business. Samvardhana's consolidated net profit rose 19.4% to 5.42 billion rupees (about $65 million) for the October-December quarter, missing analysts' estimate of 7.25 billion rupees, per LSEG data. Its shares fell as much as 9.7% after reporting results, before ending down 5.7%. The net profit number ...
Argentina unit hit drags India`s Samvardhana Motherson to Q3 profit miss
Argentina unit hit drags India`s Samvardhana Motherson to Q3 profit miss
Source: Reuters
2024-02-12 04:38:33 pm
Samvardhana Motherson gains on acquiring 100% stake in Samvardhana Motherson Adsys Tech Samvardhana Motherson is currently trading at Rs. 93.35, up by 1.25 points or 1.36% from its previous closing of Rs. 92.10 on the BSE. The scrip opened at Rs. 90.27 and has touched a high and low of Rs. 93.39 and Rs. 90.27 respectively. So far 177612 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 1 has touched a 52 week high of Rs. 103.50 on 05-Sep-2023 and a 52 week low of Rs. 61.84 on 28-Mar-2023. Last one week high and low of the scrip stood a...
Samvardhana Motherson gains on acquiring 100% stake in Samvardhana Motherson Adsys Tech
Samvardhana Motherson gains on acquiring 100% stake in Samvardhana Motherson Adsys Tech
Source: Accord Fintech
2023-12-21 11:15:54 am
Buy Samvardhana Motherson International Ltd For Target Rs.110 - Emkay Global Financial Services SAMIL’s Q2 performance was muted (margins down by 52bps QoQ to 8% vs. our est. of 8.8%), affected by seasonality and one-offs (labor strikes in North America, one-time costs for restructuring some Europe plants). We continue to believe that cyclical recovery in global automotive production (with markets well below their previous highs) and higher wallet share from premiumization and electrification (given SAMIL’s engine-agonistic offerings) will continue to drive healthy 15% reven...
Buy Samvardhana Motherson International Ltd For Target Rs.110 - Emkay Global Financial Services
Buy Samvardhana Motherson International Ltd For Target Rs.110 - Emkay Global Financial Services
Source: Emkay Global Financial Services
2023-11-26 10:02:45 am
Samvardhana Motherson International moves up as its arm incorporates subsidiary Samvardhana Motherson International is currently trading at Rs. 95.69, up by 1.39 points or 1.47% from its previous closing of Rs. 94.30 on the BSE.The scrip opened at Rs. 94.51 and has touched a high and low of Rs. 95.95 and Rs. 93.80 respectively. So far 122275 shares were traded on the counter.The BSE group 'A' stock of face value Rs. 1 has touched a 52 week high of Rs. 103.50 on 05-Sep-2023 and a 52 week low of Rs. 61.84 on 28-Mar-2023.Last one week high and low of the scrip stood at Rs. ...
Samvardhana Motherson International moves up as its arm incorporates subsidiary
Samvardhana Motherson International moves up as its arm incorporates subsidiary
Source: Accord Fintech
2023-10-16 12:29:14 pm
Samvardhana Motherson International rises on raising Rs 1500 crore through NCDs Samvardhana Motherson International is currently trading at Rs. 93.65, up by 0.90 points or 0.97% from its previous closing of Rs. 92.75 on the BSE.The scrip opened at Rs. 93.97 and has touched a high and low of Rs. 93.97 and Rs. 93.00 respectively. So far 46963 shares were traded on the counter.The BSE group 'A' stock of face value Rs. 1 has touched a 52 week high of Rs. 103.50 on 05-Sep-2023 and a 52 week low of Rs. 61.84 on 28-Mar-2023.Last one week high and low of the scrip stood at Rs. 9...
Samvardhana Motherson International rises on raising Rs 1500 crore through NCDs
Samvardhana Motherson International rises on raising Rs 1500 crore through NCDs
Source: Accord Fintech
2023-10-05 10:33:17 am
Samvardhana Motherson International gains on incorporating indirect wholly owned subsidiary Samvardhana Motherson International is currently trading at Rs. 99.07, up by 0.71 points or 0.72% from its previous closing of Rs. 98.36 on the BSE.The scrip opened at Rs. 98.37 and has touched a high and low of Rs. 99.20 and Rs. 97.20 respectively. So far 114986 shares were traded on the counter.The BSE group 'A' stock of face value Rs. 1 has touched a 52 week high of Rs. 103.50 on 05-Sep-2023 and a 52 week low of Rs. 61.84 on 28-Mar-2023.Last one week high and low of the scrip stood at Rs. ...
Samvardhana Motherson International gains on incorporating indirect wholly owned subsidiary
Samvardhana Motherson International gains on incorporating indirect wholly owned subsidiary
Source: Accord Fintech
2023-09-18 12:44:44pm