Motherson Sumi Wiring Q1FY24 Results: Consolidated PAT of Rs. 123.13 Cr

Motherson Sumi Wiring Q1FY24 Results: Consolidated PAT of Rs. 123.13 Cr

Motherson Sumi Wiring Q1 results show revenue fell from 1877.14 crores to 1872.34 crores, a -0.26% decrease in growth. EPS down from ₹0.31 to ₹0.28, down by -9.68%.

First, Let’s Begin with Quarter-on-Quarter Basis:

Motherson Sumi Wiring shared its Q1 results on Friday. They earned 1872.34 crores in revenue this quarter, but that’s less than the 1877.14 crores they made last quarter. Unfortunately, the company’s growth decreased by -0.26 percent when comparing the two quarters.

In terms of profits, the company’s PAT (Profit After Tax) for this quarter was 123.13 crores, down from 138.47 crores in the previous quarter. Their quarter-to-quarter growth decreased by -11.08 percent.

The company’s EPS (Earnings Per Share) this quarter is ₹0.28, which is a decrease of -9.68% from the ₹0.31 EPS in the previous quarter.

Now, Let’s Analyze the Results on a Year-over-Year Basis:

The company made a total revenue of 1872.34 crores this year (2023), which is 11.54 percent higher than last year’s total revenue of 1678.63 crores.

This year’s PAT (Profit After Tax) is 123.13 crores, which is also -2.25% lower than last year’s PAT of 125.96 crores.

The EPS (Earnings Per Share) for this year is ₹0.28, which is 00% equal to the EPS of ₹0.28 earned last year.

Also Read: Route Mobile Q1FY24 Results: Consolidated PAT Down to Rs. 92.44 Cr

Motherson Sumi Wiring Share Dividend Announcement / Record Date:

The record date for the dividend has not arrived yet.

About Motherson Sumi Wiring:

Motherson Sumi Wiring India Limited is a manufacturer of auto parts and components. The company specializes in producing wiring harnesses and electrical components for heavy, medium, and light-duty commercial vehicles.

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