[ad_1] Brokerage firm CLSA expects shares of Samvardhana Motherson Ltd. to potentially double over the next three years. It made these remarks in a note on Thursday, March 27. The brokerage has an “outperform” rating on the manufacturer of automobile components and equipment with a price target of ₹167. This implies a potential upside of […]
Samvardhana Motherson Q3 profit surges 62% YoY, margin beats estimates – CNBC TV18
[ad_1] Samvardhana Motherson International Ltd reported a strong set of Q3FY25 results, with profit soaring 62% year-on-year (YoY) to ₹879 crore, driven by steady revenue growth and improved operational efficiency. Company Value Change %Change The company’s revenue rose 8% YoY to ₹27,666 crore, though slightly below estimates of ₹29,371 crore. EBITDA grew 13% YoY to […]
Samvardhana Motherson get upgrade from CLSA after Q2 results despite margin miss – CNBC TV18
[ad_1] Samvardhana Motherson shares fell another 3.5% in early trade on November 13 after the stock ended nearly 5% lower in the previous session following the company’s September quarter results. Even as the auto component maker missed CNBC-TV18 analysts’ poll expectations across parameters, most brokerages remain bullish on the stock. In a post-earnings chat with […]
Samvardhana Motherson Q2 Results: A miss on all fronts despite profit nearly doubling from last year – CNBC TV18
[ad_1] Samvardhana Motherson Ltd., the auto component manufacturer reported its September quarter results on Tuesday, November 12, where most of the parameters were a miss on expectations. Net profit for the quarter nearly doubled from the year-ago quarter, increasing by 95% to ₹880 crore. The company had reported a net profit of ₹451 crore last […]
Samvardhana Motherson to invest $15 million for 11% stake in REE Automotive – CNBC TV18
[ad_1] Samvardhana Motherson Ltd. has announced the acquisition of an 11% stake on a fully diluted basis and a 19% stake on a non-diluted basis in Israel-headquartered REE Automotive Ltd. The company will invest a total of $15 million for this acquisition. The automotive component manufacturer in an exchange filing on Sunday said that it […]
Samvardhana Motherson working towards a $1 billion QIP: Exclusive – CNBC TV18
[ad_1] Auto components manufacturer Samvardhana Motherson Ltd. is planning to sell shares to eligible institutional investors and raise up to $1 billion through the same, sources privy to the matter told CNBC-TV18. The QIP, according to the sources, is likely to be launched soon. Samvardhana Motherson is likely to utilise the QIP proceeds either for […]