Motherson Sumi Wiring India Reports Positive Financial Results for Q4 2023

Jan 31 2024 06:15 PM IST
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Motherson Sumi Wiring India has reported a positive financial performance for the quarter ending December 2023, with a score of 13, an improvement from the previous score of 9. The company's net sales, operating profit, and profitability have all seen significant increases, indicating a positive trend in the near term. MarketsMojo has given a 'Buy' call for the company's stock based on these factors.
Motherson Sumi Wiring India, a leading auto ancillary company, has recently announced its financial results for the quarter ending December 2023. The company has shown a positive performance with a score of 13, which is an improvement from the previous score of 9 in the last three months.

One of the key factors contributing to this positive performance is the company's net sales, which have reached a record high of Rs 2,117.28 crore in the last five quarters. This indicates a positive trend in the company's sales in the near term. Additionally, the operating profit (PBDIT) has also seen a significant increase, reaching its highest at Rs 262.00 crore in the last five quarters. This shows a positive trend in the company's operating profit in the near term.

Moreover, Motherson Wiring has also shown an improvement in its operating profit margin, which has reached its highest at 12.37% in the last five quarters. This indicates an increase in the company's efficiency. The profit before tax less other income (PBT) has also seen a positive trend, reaching its highest at Rs 217.92 crore in the last five quarters. This is a growth of 31.3% over the average PBT of the previous four quarters, which shows a positive trend in the near term.

The company's profit after tax (PAT) has also seen a significant increase, reaching its highest at Rs 167.86 crore in the last five quarters. This indicates a positive trend in the company's profitability in the near term. Furthermore, the earnings per share (EPS) have also shown an increase, reaching its highest at Rs 0.38 in the last five quarters. This indicates that the company has created higher earnings for its shareholders.

Overall, Motherson Sumi Wiring India has shown a positive financial performance in the quarter ending December 2023. With increasing sales, operating profit, and profitability, the company is on a positive growth trajectory. Based on these factors, MarketsMOJO has given a 'Buy' call for the company's stock.
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