Net profit of Samvardhana Motherson International rose 62.12% to Rs 878.63 crore in the quarter ended December 2024 as against Rs 541.96 crore during the previous quarter ended December 2023. Sales rose 6.97% to Rs 27231.61 crore in the quarter ended December 2024 as against Rs 25456.62 crore during the previous quarter ended December 2023. ParticularsQuarter EndedDec. 2024Dec. 2023% Var. Sales27231.6125456.62 7 OPM %9.869.31 - PBDT2434.031868.14 30 PBT1321.67851.76 55 NP878.63541.96 62 Powered by Capital Market - Live

Samvardhana Motherson International announced a strategic partnership with Sanko Japan, a leader in material handling solutions such as sustainable packaging solutions. This collaboration is another step in line with Motherson's vision of becoming a globally preferred sustainable solutions provider. By focusing on developing reusable and sustainable packaging solutions, this partnership integrates well with Motherson's efforts towards decarbonisation. Sanko, founded in 1951, is Japan's No.1 manufacturer of plastic material handling products and a leading company in sustainable packaging solution business. It serves its customers across a diverse range of industries. Sanko has strong engineering capabilities and an in-house technical centre to develop products that are structurally and technically engineered for durability, reusability and full recyclability. The joint venture will contribute to greater efficiencies in material handling with cost reduction in overall logistics spending. By combining Sanko's engineering expertise and decades of innovation with Motherson's extensive presence across India & Europe, we aim to provide innovative, sustainable solutions for both automotive and non-automotive industries, said the company. Powered by Capital Market - Live

Samvardhana Motherson International announced the incorporation of the joint venture company between SMRC Automotive Holdings Netherlands B.V., a wholly owned subsidiary of the Company (51%) and Hamakyorex Co., Japan (49%) in the name of SMGCL Co., Japan on 03 February 2025. The new joint venture company will carry on the business of comprehensive logistic operations and provide a range of related services including third-party logistics (3PL), warehousing, packaging and import/export (EXIM) solutions to various industries in Japan and or other locations.Powered by Capital Market - Live

Samvardhana Motherson Intl. will hold a meeting of the Board of Directors of the Company on 14 February 2025.Powered by Capital Market - Live

Samvardhana Motherson International Ltd dropped for a fifth straight session today. The stock is quoting at Rs 146.61, down 1.42% on the day as on 13:19 IST on the NSE. The benchmark NIFTY is down around 0.02% on the day, quoting at 23521.8. The Sensex is at 77676.23, up 0.07%.Samvardhana Motherson International Ltd has eased around 12.11% in last one month.Meanwhile, Nifty Auto index of which Samvardhana Motherson International Ltd is a constituent, has eased around 2.82% in last one month and is currently quoting at 23305.2, down 0.54% on the day. The volume in the stock stood at 86.33 lakh shares today, compared to the daily average of 126.22 lakh shares in last one month. The benchmark January futures contract for the stock is quoting at Rs 146.66, down 1.91% on the day. Samvardhana Motherson International Ltd jumped 33.4% in last one year as compared to a 8.66% rally in NIFTY and a 23.59% spurt in the Nifty Auto index.The PE of the stock is 79.1 based on TTM earnings ending September 24.Powered by Capital Market - Live

The brokerage has set a target price of Rs 170. The downgrade follows SAMIL's acquisition of a 95% stake in Japan's Atsumitec. The remaining 5% voting rights stake will continue to be owned by Honda Motor. Currently Honda Motor owns 48.01% in Atsumitec while the founders and other shareholders hold the rest. Equity value for 100% stake in Atsumitec is 8.5 billion yen or $57 million, said the company in an exchange notification. The $412 million turnover Atsumitec makes high precision machined components including gear shifters, chassis and transmission parts for four and two- wheelers and has nine plants in Japan, China, United States, Mexico, Thailand, Indonesia and Vietnam. The broker notes that this acquisition expands SAMIL's product portfolio to include chassis components like gear shifters and powertrain parts such as pulleys, connecting rods, and stator shafts. Additionally, it extends SAMIL's geographic reach to Vietnam, providing access to global metal and machining capabilities. The company anticipates increased penetration with Japanese OEMs on a global scale. However, the brokerage has adjusted its FY2026-27 EPS estimates for SAMIL downward by 4-7% due to lower margin expectations, reflecting a general trend of declining margin outlooks among global OEMs. While the Atsumitec acquisition was completed at attractive valuations, its estimated EPS accretion is relatively modest at 1-2% based on FY2024 PAT. Given the ongoing weakness in the global automotive market, near-term growth and margins for SAMIL are expected to remain under pressure. The broker believes that the company's current valuations appear fair, considering these factors. SAMIL is one of the world's leading specialised automotive component manufacturing companies for OEMs. It is currently the largest auto ancillary in India and is ranked among the top 15 automotive suppliers worldwide. On a consolidated bsis, net profit of SAMIL surged 336.49% to Rs 879.74 crore while net sales rose 18.78% to Rs 27668.35 crore in Q2 September 2024 over Q2 September 2023. Powered by Capital Market - Live

The Board of Directors of Samvardhana Motherson International (SAMIL) at its meeting held on 06 December 2024, inter-alia, approved the acquisition of 95% shares with voting rights in Japanese company Atsumitec Co. through its wholly owned subsidiary of Samvardhana Motherson Automotive Systems Group B.V (SMRP B.V.). Honda Motor shall continue to own remaining 5% voting rights shares in Atsumitec Co. Atsumitec Co. is  engaged in the production of high precision machined components including gear shifters, chassis and transmission parts for 4- Wheeler and 2-Wheeler vehicles.Powered by Capital Market - Live

Samvardhana Motherson International Ltd is down for a fifth straight session today. The stock is quoting at Rs 159.37, down 4.02% on the day as on 12:59 IST on the NSE. The benchmark NIFTY is down around 0.94% on the day, quoting at 23659.1. The Sensex is at 78018.99, down 0.83%.Samvardhana Motherson International Ltd has lost around 25.61% in last one month.Meanwhile, Nifty Auto index of which Samvardhana Motherson International Ltd is a constituent, has eased around 14.07% in last one month and is currently quoting at 23269.1, down 2.27% on the day. The volume in the stock stood at 312.71 lakh shares today, compared to the daily average of 132.96 lakh shares in last one month. The benchmark November futures contract for the stock is quoting at Rs 159.73, down 4.16% on the day. Samvardhana Motherson International Ltd jumped 75.81% in last one year as compared to a 20.25% rally in NIFTY and a 36.59% spurt in the Nifty Auto index.The PE of the stock is 125.91 based on TTM earnings ending June 24.Powered by Capital Market - Live

Net profit of Samvardhana Motherson International rose 336.49% to Rs 879.74 crore in the quarter ended September 2024 as against Rs 201.55 crore during the previous quarter ended September 2023. Sales rose 18.78% to Rs 27668.35 crore in the quarter ended September 2024 as against Rs 23294.33 crore during the previous quarter ended September 2023. ParticularsQuarter EndedSep. 2024Sep. 2023% Var. Sales27668.3523294.33 19 OPM %8.858.11 - PBDT2345.251640.11 43 PBT1242.41772.72 61 NP879.74201.55 336 Powered by Capital Market - Live

Samvardhana Motherson Intl. will hold a meeting of the Board of Directors of the Company on 12 November 2024.Powered by Capital Market - Live