Good morning!
Motherson Sumi Systems Limited has announced growth of 17% in consolidated total sales for Q3FY11 as compared to corresponding quarter last fiscal at Rs 2083.09 crore; Consolidated PAT grew by 42% to Rs 106.37 crore. The detailed press release and results table is attached for kind reference of yours.
Motherson Sumi Systems Limited 
Press Release For immediate publication
Motherson Sumi Systems Limited announces Q3 FY10-11 results
Q3 Results FY 10-11 (all comparisons with Q3 FY09-10)
1. Consolidated Domestic Sales up by 62%
2. Exports from India on standalone grew by 38%
3. Consolidated PAT grew by 42%, EPS on fully diluted equity grows by 67%
4. SMR revenues in Euro terms grow by 13%
MSSL Q3 FY10-11 Consolidated Results (all comparisons with Q3 FY 09-10)
Figures in Rs./Crore
|
| Q3 | Q3 | YOY% |
| 2010-2011 | 2009-10 | ||
| Total Sales | 2083.09 | 1782.27 | 17% |
| Earnings Before Interest Depreciation & Tax | 252.47 | 183.48 | 38% |
| Depreciation | 60.05 | 64.24 | -7% |
| Exceptional Expenses / (Income) | - | 9.01 | NA |
| Exchange fluctuation Loss/ (Gain) on FCCB | - | (20.58) | NA |
| Profit Before Tax | 175.30 | 116.95 | 50% |
| Profit After Tax (Concern Share) | 106.37 | 74.88 | 42% |
| EPS (Diluted) | 2.75 | 1.65 | 67% |
MSSL Standalone sales growth for Q3 FY 2010-11 is approx 72%:
(Figures in Rs./Crore)
|
| Q3 | Q3 | % change |
| 2009-10 | |||
| Total Sales | 752.06 | 436.97 | 72% |
| Domestic | 679.64 | 384.45 | 77% |
| Exports | 72.42 | 52.52 | 38% |
Commenting on the results, Mr. Vivek Chaand Sehgal, Chairman, Samvardhana Motherson Group said:
- The Indian Automotive industry has shown robust growth in the 3rd quarter of
year 2010-11.
- MSSL for the 1st time achieved more than Rs. 2000 crores in a single quarter.
- Profit after Tax grows by 42% and EPS on fully diluted equity grows by 67%.
- The Bengaluru unit of MSSL Polymer Division has commenced the mass supplies.
- SMR operations are stable. Expansion underway with facilities coming up in Hungary and Brazil.
For more details on company's numbers, please contact:-
- Mr. Pankaj Mital
COO, Motherson Sumi Systems Limited,
Mobile - +919654592965
E-mail: pankaj@mssl.motherson.com
- Mr. G.N. Gauba
CFO, Motherson Sumi Systems Limited,
Mobile - +919654592500
E-mail: gngauba@mssl.motherson.com
About Motherson Sumi Systems Limited
Motherson Sumi Systems Limited (MSSL) the flagship company of the Samvardhana Motherson Group, is a joint venture between Samvardhana Motherson Group and Sumitomo Wiring Systems (Japan). MSSL is one of the largest manufacturers of Automotive Rearview Mirrors for passenger cars in the world together with being the largest manufacturer of automotive wiring harnesses in India. It also supplies plastic components and modules to the automotive industry. Other product range of MSSL comprises of rubber components for automotive and industrial applications, high precision machined metal parts, injection molding tools and HVAC Systems. The integration of diverse products and technologies leading to comprehensive solutions is a unique advantage, which makes the company a 'globally preferred solutions provider'. MSSL has presence in 22 countries and has manufacturing bases in six continents across the globe- Asia, Europe, North America, South America, Australia & Africa to support its customers.
For all details about Motherson Sumi Systems Limited / Samvardhana Motherson Group, please contact:-
| Mr. Dharmanshu Chaturvedi / Mr. Rahul Deep Corporate Communications Motherson Sumi Systems Ltd Phone: 9818739404 / 9910085201, 0120-6752299 | Mr.Saurabh Saxena Adfactors PR Pvt. Ltd. Mobile: 9810233370/ 9910049234 E-mail:saurabh.saxena@adfactorspr.com, |
Warm regards,
Kunal Takalkar
Adfactors PR Pvt Ltd
E-137, Okhla Industrial Area Phase – III,
New Delhi 110020.
Mobile: +91 98100 73217
Tel: +91 11 40565100
Fax: +91 11 2693 0131
Email: kunal.takalkar@adfactorspr.com
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