Samvardhana Motherson International Ltd. reported its standalone financial results for the quarter ended September 30, 2024, showcasing significant growth in both revenue and profitability compared to the same period last year.
Key Highlights for Q2 FY25 (YoY Comparison):
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- Revenue from Operations: The company reported revenue of Rs 2,574 crore, marking an 11% increase from Rs 2,313 crore in Q2 FY24.
- Profit for the Period: Profit jumped to Rs 642 crore, representing a substantial 157% growth over Rs 249 crore reported in the same quarter last year.
- Other Income: Other income rose notably to Rs 533 crore from Rs 152 crore in Q2 FY24.
- Total Expenses: Total expenses for the quarter stood at Rs 2,442 crore, up from Rs 2,161 crore in the corresponding period last year.
The significant year-on-year growth in profit was primarily driven by a notable increase in other income and improved revenue performance. Samvardhana Motherson continues to strengthen its operational efficiency and cost management, contributing to its robust financial results for the quarter.
