Amazon Great Indian Festival 2020 - Electronics
Mutual Funds Commodities Research Tax Planning IPO Our Team Contact Us    
Google
Web www.equitybulls.com
Amazon Great Indian Festival 2020 - Electronics
Research

| More

Motherson Sumi Systems - Q1FY21 First Cut - ICICI Securities

Posted On: 2020-08-12 02:54:49


(CMP: Rs. 104; MCap: Rs. 32,843 crore)

Motherson Sumi Systems (MSSL) reported soft Q1FY21 performance, with domestic as well as global operations impacted by the pandemic.

Q1FY21 Earnings Summary

- Consolidated revenues declined by 49% YoY to Rs. 8,504 crore, with all business divisions reporting significant drop in top line. Standalone business was the biggest dragger (down 77% YoY), followed by SMR (down 51%), SMP (down 45%) and PKC (down 43%). Management commentary on the present state of affairs, however, was relatively positive - stating that 84% of plants globally are now running at >50% capacity and that it sees strong demand revival in Q2FY21E

- The company posted loss at consolidated EBITDA level of Rs. 630 crore amid sequential increase in all cost heads. All business segments reported EBIT loss for the quarter, however largest division i.e. SMP encouragingly was able to contain the sequential slide relatively well. EBITDA losses at SMP greenfield plants were at the lowest level in the past five quarters

- Consequent consolidated loss at PAT level came in at Rs. 810 crore vs. profit of Rs. 332 crore in the base quarter

MSSL, courtesy its high global exposure (outside India constituting ~88% of its consolidated sales) remains susceptible to geographical demand risks as well as foreign exchange risk. Pace of ramp up in SMP greenfield plants as well as continuation of business de-risking approach (in clients, components and countries) are key monitorables.

Shares of MOTHERSON SUMI SYSTEMS LTD. was last trading in BSE at Rs.107.45 as compared to the previous close of Rs. 104.9. The total number of shares traded during the day was 2111264 in over 9240 trades.

The stock hit an intraday high of Rs. 109.3 and intraday low of 101.2. The net turnover during the day was Rs. 221787518.


Source: Equity Bulls

Click here to send ur comments or to feedback@equitybulls.com

Amazon Great Indian Festival 2020 - Mobiles


Disclaimer:The article above is a gist / extract of the original report prepared by the research firm / brokerage firm. This article is not to be considered as an offer to sell or a solicitation to buy any securities. This article is meant for general information only. www.equitybulls.com, its employees or owners or the research firms, its employees or owners won't be responsible for any liability that may arise from information, errors or omissions in these articles. www.equitybulls.com or its employees or owners / the research firms or its employees or clients or owners may from time to time hold positions in securities referred in this article. For detailed research reports, please contact the concerned research firm directly.





Other Headlines:

Sterlite Technologies - Q2FY21 First Cut - ICICI Securities

Tata Metaliks - Q2FY21 Company Update - ICICI Securities

Bajaj Auto - Q2FY21 First Cut - ICICI Securities

Bajaj Finserv - Q2FY21 Result Update - ICICI Securities

Asian Paints - Q2FY21 First Cut - ICICI Securities

Bharti Infratel - Q2FY21 - Angel Broking

Asian Paints - Q2FY21 - Angel Broking

Bajaj Auto - Q2FY21 numbers - Angel Broking

Maintain ADD on Bajaj Finance - Prudent provisioning hits profits - HDFC Securities

FDA warning letter to Aurobindo Pharma - Angel Broking

Chennai Petroleum - Q2FY221 Results - Angel Broking

Maintain ADD on Colgate Palmolive - Healthy domestic recovery; robust margin show - HDFC Securities

Maintain BUY on UltraTech Cement - Well-rounded performance - HDFC Securities

DB Corp - Q2FY21 Result Update - ICICI Securities

Bajaj Finance - Q2FY21 Result Update - ICICI Securities

Colgate-Palmolive (India) - Q2FY21 Result Update - ICICI Securities

UltraTech Cement - Q2FY21 Result Update - ICICI Securities

Larsen & Toubro Infotech - Q2FY21 Result Update - ICICI Securities

Sagar Cements - Q2FY21 First Cut - ICICI Securities

JK Tyre & Industries - Q2FY21 First Cut - ICICI Securities

Bajaj Finserv - Q2FY21 First Cut - ICICI Securities

UltraTech Q2FY21 - Retain ADD with TP of Rs 5,104 - YES Securities

Bajaj Finance - Q2FY21 - Result Update - YES Securities

Sagar Cements Q2FY21 - EBITDA at lifetime high; maintain TP of Rs 745 - YES Securities

JK Tyre - Q2FY2021 numbers - Angel Broking

Sagar Cements - Q2FY21 Results - Angel Broking

Bajaj Finance - Q2FY21 Results - Angel Broking

Bajaj Finance Q2FY21 - Retain ADD - 12m PT of Rs. 3,600 - YES SECURITIES

PNC Infratech - JV emerges L1 bidder - Angel Broking

GMM Pfaudler - Q2FY21 Results - Angel Broking

Rane Madras - Q2FY21 numbers - Angel Broking

Colgate-Palmolive - Q2FY21 Result - Angel Broking

Quant Pick - Tata Steel - ICICI Securities

Hindustan Zinc - Q2FY21 Result Update - ICICI Securities

Colgate Palmolive (India) - Q2FY21 First Cut - ICICI Securities

UltraTech Cement - Q2FY21 First Cut - ICICI Securities

Bajaj Finance - Q2FY21 First Cut - ICICI Securities

Granules India - Q2FY21 Result Update - ICICI Securities

UltraTech Cement - Q2FY21 result - Angel Broking

Newgen Software - Q2FY21 Result - Angel Broking

Bajaj Finance - Q2FY21 results - First Take - YES SECURITIES

Prestige Estates LLP - Angel Broking

Maintain REDUCE on Britannia - Growth moderates; margin expansion continues - HDFC Securities

Brigade Enterprises Ltd - Angel Broking

L&T Infotech - Q2FY21 Results - Angel Broking

Maintain REDUCE on Hindustan Unilever - In-line result; core categories remain slow - HDFC Securities

Mahindra CIE Automotive - Q3CY20 Results - Angel Broking

Strides Pharma Science Ltd - Angel Broking

Maintain ADD on L&T Infotech - Growth progression continues - HDFC Securities

Cipla Ltd - Launch of generic Nintedanib - Angel Broking







Website Created & Maintained by : Chennai Scripts
West Mambalam, Chennai - 600 033,
Tamil Nadu, India

disclaimer copyright © 2005 - 2019