*Motherson Sumi Systems Ltd.* | *CMP* Rs. 99 | *M Cap* Rs. 31119 Cr | *52 W H/L* 151/49
(Nirmal Bang Retail Research)
*Result is above expectations*
Revenue from Operations came at Rs. 15159.1 Cr (-3.2% QoQ, -11.7% YoY) vs expectation of Rs. 14893.1 Cr, QoQ Rs. 15661.1 Cr, YoY Rs. 17169.5 Cr
EBIDTA came at Rs. 1292.6 Cr (4.6% QoQ, 10.6% YoY) vs expectation of Rs. 1001.4 Cr, QoQ Rs. 1235.8 Cr, YoY Rs. 1169 Cr
EBITDA Margin came at 8.5% vs expectation of 6.7%, QoQ 7.9%, YoY 6.8%
Adj. PAT came at Rs. 183.4 Cr vs expectation of Rs. 172.7 Cr, QoQ Rs. 270.5 Cr, YoY Rs. 410 Cr
Quarter EPS is Rs. 0.6
Share is trading at P/E of 19.3x FY21E EPS