Shares of this auto parts manufacturing company can rocket!
Auto parts manufacturing company Samvardhana Motherson has brought a gift of hope for investors. This company has made huge profits. In the quarter till the end of december, there is a 62 percent jump in profits compared to last year. In the quarter from october to december, the company has made a net profit of 879 crores. Which was 542 crores during the same period last year.
In the October-December quarter, the company's earnings have also increased from 25,644 crores last year to 27,666 crores. This information has been given in the regulatory filing made by Samvardhana Motherson Limited to the stock market. vivek Chand Sehgal, Chairman of Motherson, has said that the performance of our company is due to the success of the diversified business model. He said that the company has been successful in strengthening the balance sheet by maintaining capex and leverage ratio.
Makes parts for cars from Mercedes to Maruti
The Motherson company also makes equipment for cars from maruti to Mercedes. The shares of this company have given investors a return of up to 10 percent in the last one year. Samvardhan Motherson international Company has informed that there has been a one percent decline in global car sales in the december quarter this time. Due to which there has been a decline in the margin of the company's top module and polymer business. The margin has fallen from 8.8 percent to eight percent this time. On the last trading day of last Friday, the share of Samvardhan Motherson international Company closed at the level of Rs 126 with a slight decline of 2.78 percent.
Motherson's business is above 88 thousand crores
Motherson international Company is at the top among the auto equipment manufacturing companies of India. The market capitalization of the company is Rs 88,805 crore. Which is the highest among other auto equipment manufacturing companies in the market. The company's portfolio also includes the names of car companies like maruti Suzuki and Mercedes Benz, for which the company manufactures equipment.
click and follow Indiaherald WhatsApp channel