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Hot Pursuit News

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(29 May 2024, 16:52)

Samvardhana Motherson hits 52-week high as Q4 PAT doubles YoY; board to raise Rs 5,000 cr

Samvardhana Motherson International (SAMIL) rallied 3.98% to Rs 147.60 after the company reported consolidated net profit of Rs 1,371.82 crore in Q4 FY24, higher than Rs 653.96 crore posted in Q4 FY23.


Total revenue from operations increased 20.17% to Rs 27,058.22 crore during the March 2024 quarter as compared with Rs 22,516.99 crore posted in the corresponding quarter last year.

Profit before tax stood at Rs 1,556.88 crore in the quarter ended 31 March 2024, registering a growth of 63.37% YoY.

Total expenses increased 18.95% YoY to Rs 25,661.86 crore in fourth quarter of FY24. Cost of material consumed stood at Rs 13,540.83 crore (up 8.01% YoY), employee benefit expenses was at Rs 6,686.88 crore (up 34.76%) and finance cost was at Rs 450.38 crore (up 61.75% YoY) during the period under review.

EBITDA stood at Rs 2,999 crore in the March 2024 quarter, up 45.15% from Rs 2,066 crore reported in Q4 FY23. EBITDA margin improved to 10.1% in Q4 FY24 as compared to 9% recorded ...

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