MARKETS
Samvardhan Motherson shares in Wednesday's session (August 14) gained up to 4 per cent on good quarterly results. The company's consolidated net profit for the June quarter climbed 65 per cent on-year to Rs 994 crore. The company in the same quarter last year reported a profit of Rs 601 crore. All announced acquisitions have been successfully integrated and have started to contribute positively; their full potential will be realised in the coming months, noted the company's press release. Business research has highlighted the following positives of the auto ancillary company which may be pushing the stock higher: Furthermore, the company clocked growth in all of the segments. The company's largest segment modules and polymer products registered an annual increase of 27 per cent in income. The company has also announced capital investment of over Rs 5,000 crore for production capacity ramp-up in FY25 (over 70% on non-auto business). Get Latest Business News , Stock Market Updates and Videos ; Check your tax outgo through Income Tax Calculator and save money through our Personal Finance coverage. Check Business Breaking News Live on Business Twitter and Facebook . Subscribe on YouTube . None
What’s New
Spotlight
Advertisement
Featured News
Latest From This Week
Popular News
