Motherson Sumi

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MSWIL said margin was impacted due to initial one-time startup costs of new programs at Bengaluru, and a new facility at Chennai

Auto component maker Motherson Sumi Wiring India Ltd on Monday reported a 2 per cent rise in net profit at Rs 116.45 crore in the second quarter ended September 30, 2022. The company had posted a net profit of Rs 114 crore in the same period last fiscal, Motherson Sumi Wiring India Ltd (MSWIL) said in a regulatory filing. Total revenue from operations stood at Rs 1,835.21 crore as against Rs 1,399.95 crore in the year-ago period, it added. Total expenses were higher at Rs 1,689.77 crore as compared to Rs 1,229.76 crore in the same quarter a year ago. "The Indian automotive industry is showing signs of revival and our customers are also ramping up production. This has resulted in one-time costs, which should be mitigated in the coming quarters," MSWIL chairman Vivek Chaand Sehgal said. In the second quarter, the company said it had incurred costs due to initial one-time startup costs of new programmes at Bengaluru and new facility at Chennai. Besides, to meet increased volume, ...

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Demand, rising content per vehicle, return ratios key investment arguments for Motherson Sumi Wiring

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During the quarter under review, the company said it has realigned its operations at Bengaluru and Chennai to cater to increased customer requirements.

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The $10-billion Motherson Sumi group, which has acquired 27 companies in the last two decades, is gearing up to acquire several more in the coming months, indicated its chairman V C Sehgal

The wiring harness business benefits from the mega trends (of premiumization, increasing use of electronics, and electrification) playing out in the Auto industry, resulting in an increase in content.

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Growth in client volumes of Motherson Sumi and easing up of supply chain issues could be triggers.

Total revenue from operations stood at Rs 16,117.51 crore in the quarter under review against Rs 17,092.44 crore in the year-ago period

MSSL has fixed January 17, 2022 as record date for determining shareholders for allocation of additional shares of DWH business in the entitlement ratio of 1:1.

The company has recently received nod from the NCLT for the group's restructuring

Supply disruptions have led to downward revision of earnings estimates for FY22

The earnings season has almost come to an end, going forward individual stocks will react to corporate developments and broader market trend

Motherson Sumi reported a 76% decline in consolidated net profit from continuing operations at Rs 93.04 crore in the second quarter ended September, hit by global automotive supply chain disruptions

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Acquisitions such as the one in the aviation space is in line with goal of increasing non-auto revenues