Motherson Sumi Share price today: Prabhudas Lilladher maintains BUY rating with revised price target of Rs247 (vs Rs 203 earlier)
Motherson Sumi Share price today: The company's Q3 FY21 results were better with a sharp beat at EBITDA/PBT by 14%/42% led by sustained improvement in SMP’s greenfield plants and continued cost reduction in all global business. EBITDA grew 61% YoY to Rs 17.9 b with 14 quarter high margins at 10.5% (+310bp YoY). Execution of a strong order book and limited capex at SMPBV as well as India business augurs well for Motherson Sumi.
Prabhudas Lilladher expects Motherson Sumi’s margins to sustain at an elevated level of 10% led by turnaround in green fields and cost efficiencies: Reuters