Healthy beat; promising growth prospect in non-auto

Company
30 May 2024
5 Min read 
  • Samvardhana Motherson reported robust performance in 4QFY24
  •  Healthy beat; promising growth prospect in non-auto
  •  Reduced gross debt of INR18b in 4QFY24 despite large M&A payouts
  •  Acquired businesses contributed 10% to revenues/EBITDA in FY24
  •  MOTHERSO has invested INR40b in FY24, majority in emerging markets
  •  The company is in the midst of setting up 18 greenfields in coming years
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