Samvardhana Motherson Intl. will hold a meeting of the Board of Directors of the Company on 13 August 2024.Powered by Capital Market - Live News

SMRC Automotive Holdings Netherlands B.V., a company incorporated under the laws of Netherlands and a step down subsidiary of Samvardhana Motherson International is proposing an issue of US $ denominated senior, secured, guaranteed notes under Rule 144A of the U.S. Securities Act 1933. The Company is proposing to provide an unconditional and irrevocable corporate guarantee on behalf of the Issuer for guaranteeing the Notes.Powered by Capital Market - Live News

Moody`s Rating (Moody`s) has upgraded the credit rating of Samvardhana Motherson International (SAMIL) and Samvardhana Motherson Automotive Systems Group B.V (SMRP B.V), a wholly owned subsidiary of SAMIL. The long term rating for both companies has been upgraded from Ba1(Under review for upgrade) to Baa3(Outlook Stable). Powered by Capital Market - Live News

Samvardhana Motherson Intl. announced that the Board of Directors of the Company at its meeting held on 29 May 2024, has recommended a Final dividend of Rs.0.8 per share (i.e.80%), subject to the approval of the shareholders.Powered by Capital Market - Live News

Net profit of Samvardhana Motherson International rose 109.77% to Rs 1371.82 crore in the quarter ended March 2024 as against Rs 653.96 crore during the previous quarter ended March 2023. Sales rose 20.21% to Rs 26748.18 crore in the quarter ended March 2024 as against Rs 22251.91 crore during the previous quarter ended March 2023.For the full year,net profit rose 81.61% to Rs 2716.20 crore in the year ended March 2024 as against Rs 1495.59 crore during the previous year ended March 2023. Sales rose 25.57% to Rs 97779.41 crore in the year ended March 2024 as against Rs 77870.65 crore during the previous year ended March 2023. ParticularsQuarter EndedYear Ended�Mar. 2024Mar. 2023% Var.Mar. 2024Mar. 2023% Var. Sales26748.1822251.91 20 97779.4177870.65 26 OPM %10.979.15 -9.508.03 - PBDT2644.301093.65 142 7900.545640.09 40 PBT1556.47253.95 513 4090.042504.25 63 NP1371.82653.96 110 2716.201495.59 82 Powered by Capital Market - Live News