Leading specialised automotive component manufacturer reports over 400 per cent jump in Q4 consolidated net profit!

Board recommends a dividend of Rs 0.65 per equity share.

On Friday, Samvardhana Motherson International Ltd reports robust Q4 results. On a consolidated basis,  the company reported a 412.40 per cent rise in net profit to Rs 723.46 crore as compared to Rs 141.19 crore in the same quarter last year and reported a rise of 40.53 per cent sequentially. The net sales of the company increased by 31.58 per cent to Rs 22,251.91 crore as compared to Rs 16,911.12 crore in the same quarter last year and on a sequential basis rose by 11.22 per cent.   

In a meeting held on Friday, Motherson's board of directors recommended a dividend of Rs 0.65 per equity share having a face value of Rs 1 each for fiscal FY23. 

DSIJ offers a service 'Upstream' with recommendations for contrarian stocks based on research and analysis to help subscribers make informed investment decisions. If this interests you, then do download the service details pdf here 

Samvardhana Motherson International Ltd is currently trading at Rs 80.03, down by 0.75 points or 0.03 per cent from its previous closing of Rs 80.78 on the BSE. The scrip opened at Rs 81.63 and has touched a high and low of Rs 81.95 and Rs 79.82 respectively. So far 71,312 shares were traded on the counter. 

The BSE group 'A' stock of face value of Rs 1 has touched a 52-week high of Rs 91.68 and a 52-week low of Rs 61.84. The promoters holding in the company stood at 64.77 per cent, while Institutions and Non-Institutions held 25.61 per cent and 24.35 per cent respectively.