Motherson Sumi Systems Ltd posts consolidated PAT of Rs. 183.38 crores in Q4 FY20

MOTHERSON SUMI SYSTEMS LTD. has reported financial results for the period ended March 31, 2020.

Financial Results (Q4 FY19-20) - QoQ Comparison

The company has reported total income of Rs.15174.18 crores during the period ended March 31, 2020 as compared to Rs.15739.38 crores during the period ended December 31, 2019.

The company has posted net profit / (loss) of Rs.183.38 crores for the period ended March 31, 2020 as against net profit / (loss) of Rs.270.51 crores for the period ended December 31, 2019.

The company has reported EPS of Rs.0.58 for the period ended March 31, 2020 as compared to Rs.0.86 for the period ended December 31, 2019.

Financials	Q4 FY19-20	Q3 FY19-20	% Change
Total Income	₹ 15174.18 crs	₹ 15739.38 crs	-3.59%
Net Profit	₹ 183.38 crs	₹ 270.51 crs	-32.21%
EPS	₹ 0.58	₹ 0.86	-32.56%

Financial Results (Q4 FY19-20) - YoY Comparison

The company has reported total income of Rs.15174.18 crores during the period ended March 31, 2020 as compared to Rs.17237.64 crores during the period ended March 31, 2019.

The company has posted net profit / (loss) of Rs.183.38 crores for the period ended March 31, 2020 as against net profit / (loss) of Rs.409.96 crores for the period ended March 31, 2019.

The company has reported EPS of Rs.0.58 for the period ended March 31, 2020 as compared to Rs.1.30 for the period ended March 31, 2019.

Financials	Q4 FY19-20	Q4 FY18-19	% Change
Total Income	₹ 15174.18 crs	₹ 17237.64 crs	-11.97%
Net Profit	₹ 183.38 crs	₹ 409.96 crs	-55.27%
EPS	₹ 0.58	₹ 1.30	-55.38%

Financial Results (12 months ended FY 19-20) - YoY Comparison

The company has reported total income of Rs.63767.54 crores during the 12 months period ended March 31, 2020 as compared to Rs.63743.06 crores during the 12 months period ended March 31, 2019.

The company has posted net profit / (loss) of Rs.1170.04 crores for the 12 months period ended March 31, 2020 as against net profit / (loss) of Rs.1613.16 crores for the 12 months period ended March 31, 2019.

The company has reported EPS of Rs.3.71 for the 12 months period ended March 31, 2020 as compared to Rs.5.11 for the 12 months period ended March 31, 2019.

Financials	Year Ended FY19-20	Year Ended FY18-19	% Change
Total Income	₹ 63767.54 crs	₹ 63743.06 crs	0.04%
Net Profit	₹ 1170.04 crs	₹ 1613.16 crs	-27.47%
EPS	₹ 3.71	₹5.11	-27.4%

Commenting on results, Mr Vivek Chaand Sehgal, Chairman, MSSL said, "Our consolidated revenues for this fiscal year have remained stable. Considering that global automotive sales have declined in the same period and that the coronavirus pandemic was already impacting China and parts of Europe in the Fourth Quarter, this is a strong performance under the circumstances. We are encouraged by the fact that our large Greenfield projects have started to contribute positively to our revenues. We are currently focused on finding solutions to the challenges we face in our Tuscaloosa operations in close coordination with our customer. Most importantly, we have a robust order book, which reflects a continued trust and commitment from our customers. While there has been a lot of uncertainty in the market, it's expected that the worst of the pandemic will fall in the next few quarters. The company has taken measures to manage cost and liquidity and we believe the strong trust our customers place in us, evident from our order book growth, will help to absorb the shock (if any) better and will also amplify our recovery."

Shares of MOTHERSON SUMI SYSTEMS LTD. was last trading in BSE at Rs.96.5 as compared to the previous close of Rs. 95.6. The total number of shares traded during the day was 750641 in over 5073 trades.

The stock hit an intraday high of Rs. 98.7 and intraday low of 95.7. The net turnover during the day was Rs. 73223133.

Source : Equity Bulls

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