Samvardhana Motherson International reported results for fourth quarter (Q4) and year ended March 31, 2023.
The company has reported 73.31% fall in its net profit at Rs 106.04 crore for the quarter under review as compared to Rs 397.27 crore for the same quarter in the previous year. However, total income of the company increased by 4.84% at Rs 2,111.93 crore for Q4FY23 as compared to Rs 2,014.49 crore for the corresponding quarter previous year.
On consolidated basis, the company has reported over 5-fold jump in its net profit at Rs 699.10 crore for fourth quarter ended March 31, 2023 as compared to Rs 130.04 crore for the same quarter in the previous year. Total income of the company increased by 30.16% at Rs 22,551.94 crore for Q4FY23 as compared to Rs 17,326.07 crore for the corresponding quarter previous year.
For the year ended March 31, 2023, the company has reported 3.26% fall in its net profit at Rs 773.55 crore as compared to Rs 799.62 crore for the previous year. However, total income of the company increased by 29.13% at Rs 7,820.59 crore for year under review as compared to Rs 6,056.16 crore for year ended March 31, 2022.
For the year ended March 31, 2023, on the consolidated basis, the company has reported over 2-fold jump in its net profit at Rs 1,669.63 crore as compared to Rs 817.33 crore for the previous year. Total income of the company increased by 23.31% at Rs 78,957.71 crore for year under review as compared to Rs 64,031.66 crore for year ended March 31, 2022.
