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1696

Motherson Sumi Systems Limited announces Q1 FY10-11 results

Q1 Results FY 10-11 (all comparisons with Q1 FY09-10)

1. Consolidated Total Sales up by 32%.

2. Consolidated Export Sales up by 24%.

3. Consolidated Domestic Sales up by 53%.

4. Consolidated PAT grew by 439%

5. Equity enhanced to Rs. 387.543 millions on full conversion, with public Shareholding of 34.81%

MSSL FY10 Consolidated Results (all comparisons with Q1 FY10)

Figures in Rs./Crore

Q1

2010-2011

Q1

2009-10

% change

Total Sales

1,858.63

1,404.04

32%

Earnings Before Interest Depreciation & Tax

189.21

89.09

112%

Depreciation

58.22

57.07

2%

Exceptional Expenses / (Income)

-

17.14

-100%

Exchange fluctuation on FCCB

(5.57)

1.20

-

Profit Before Tax

119.54

1.61

7327%

Profit After Tax (Concern Share)

59.55

11.05

439%

EPS (Basic)

1.56

0.31

403%

Q1 FY10-11 Consolidated Results of Samvardhana Motherson Reflectec, subsidiary of MSSL, which was acquired in March, 09:

(Figures in Rs./Crore)

SMR

Q1 2010- 2011

SMR

Q1 2009- 2010

Total Sales

1,080.74

882.4

Earnings Before Interest Depreciation & Tax

77.93

15.10

Depreciation

30.32

34.18

EBIT

47.62

(19.08)

Exceptional Expenses/ (Income)

-

17.14

Profit Before Tax

41.21

(44.4)

Profit After Tax (MSSL's Share)

12.67

(22.3)

MSSL Standalone sales growth for Q1 FY 2010-11 is approx 56 %:

(Figures in Rs./Crore)

Q1 2010-2011

Q1

2009-10

% change

Total Sales

542.49

347.22

56%

Notes to Editor

About Motherson Sumi Systems Limited

Motherson Sumi Systems Limited (MSSL) the flagship company of the Samvardhana Motherson Group, is a joint venture between Samvardhana Motherson Group and Sumitomo Wiring Systems (Japan). MSSL is one of the largest manufacturers of Automotive Rearview Mirrors for passenger cars in the world together with being the largest manufacturer of automotive wiring harnesses in India. It also supplies plastic components and modules to the automotive industry. Other product range of MSSL comprises of rubber components for automotive and industrial applications, high precision machined metal parts, injection molding tools and HVAC Systems. The integration of diverse products and technologies leading to comprehensive solutions is a unique advantage, which makes the company a 'globally preferred solutions provider'. MSSL has presence in 21 countries and has manufacturing bases in five continents across the globe- Asia, Europe, North America, Australia & Africa to support its customers.  
 
 

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