BQ Blue’s special research section collates quality and in-depth equity and economy research reports from across India’s top brokerages, asset managers and research agencies. These reports offer BloombergQuint’s subscribers an opportunity to expand their understanding of companies, sectors and the economy.
Yes Securities Report
Motherson Sumi Systems Ltd.'s Q3 FY22 profitability was operationally in-line despite higher revenue led by lower gross margins at 41.6% (down 100 basis point QoQ) and high energy costs in Europe.
There was also an impact of lower volumes specially in North America due to chip shortages which was offset by higher volumes across other geographies.
While we don’t expect supply challenges to get completely eliminated in the near term, but with pick up in production level at original equipment manufacturers as supply improves gradually and few commodity prices stabilising, we expect sequential pickup in Motherson Sumi's margins.
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