samvardhana motherson international share price bse nse q1 results acquisition integrated

Shares of Samvardhan Motherson gained up to 4 per cent in Wednesday’s (August 14) session on the back of strong quarterly results. The company’s consolidated net profit for the June quarter rose 65 per cent year-on-year to Rs 994 crore. The company had posted a profit of Rs 601 crore in the same quarter last year.

As noted in the company’s press release, all announced acquisitions have been successfully integrated and have started to yield positive results; their full potential will be realized in the coming months.

Zee Business research has identified the following positive aspects of the automotive services company that could boost its stock price:

Moreover, the company saw growth across all segments. The company’s largest segments, modules and polymer products, saw revenue grow by 27 per cent year-on-year. The company also announced a capital investment of over Rs 5,000 crore to expand its manufacturing capacity by fiscal 2025 (over 70 per cent in non-automotive business).