Motherson Sumi Wiring India Ltd.'s profit rose in the fiscal fourth quarter, and was in line with the street's expectations.
Consolidated net profit of the Pune-based auto components maker rose 38.3% year-on-year to Rs 191 crore in the quarter-ended March, on the back of revenue that increased 19.3% to Rs 2,233 crore, according to an exchange filing on Thursday.
Analysts polled by Bloomberg had estimated the top line at Rs 2,236 crore and bottom line at Rs 188 crore.
Motherson Sumi Q4 FY24 Highlights (Consolidated, YoY)
Revenue up 19.3% to Rs 2,233 crore (Bloomberg Estimate: Rs 2,236.24 crore).
Ebitda up 34.4% to Rs 291 crore (Estimate: Rs 288.58 crore).
Ebitda margin expanded to 13% from 11.6% (Estimate: 12.90%).
Net profit up 38.3% to Rs 191 crore (Estimate: Rs 187.70 crore).
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