Up by 14%, EBITDA is up by 13%
Noida, February 12, 2019: Motherson Sumi Systems Limited (MSSL) today announced financial results for its fiscal 2018-2019 third quarter, which ended on 31st December 2018.
EBITDA up by 13%,
Revenues Outside India up by 16%,
PBT up by 2%
PAT up by 7%
SMP Tuscaloosa plant has begun operations during the quarter
Revenues Outside India up by 13%,
PBT up by 7%
PAT up by 11%
Globally, 33 facilities established within 9 countries since the launch of Vision 2020, major CapEx on new greenfield plants is over
Commenting on the results, V C Sehgal, Chairman, MSSL said, “All of our operating businesses have performed well under current market conditions. With the start of production at Tuscaloosa in this quarter, all the key greenfield projects are now completed. We wish all the very best to our team, as they continue to handle the ramp-up challenges in the biggest greenfield plants set up by us. We are proud of our teams and their hard work for successfully setting up 33 new plants in the last 4 years to create capacities for the orders given to us by the customers.”
The company posted quarterly consolidated revenues of INR 16,234 Cr. and consolidated EBITDA of INR 1,415 Cr. These results compare to revenues of INR 14,271 Cr. and EBITDA of INR 1,249 Cr in the same quarter in the previous year.
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