Samvardhana Motherson Approves ₹8,500 Crore Fund Raise via NCDs
Samvardhana Motherson, a leading auto components manufacturer, has approved raising ₹8,500 crore through Non-Convertible Debentures (NCDs). This strategic financial move, authorized by the company's board, indicates a preference for debt financing over equity dilution. While the specific purpose of the funds remains undisclosed, this substantial amount could potentially support expansion plans, R&D initiatives, or strengthen the company's market position. The decision reflects Samvardhana Motherson's proactive approach to financial management and preparation for future business needs in the evolving automotive industry.
29May 25
Samvardhana Motherson International Announces 1:2 Bonus Share Issue
Samvardhana Motherson International, a leading auto components manufacturer, has approved a bonus issue of shares in a 1:2 ratio. Shareholders will receive one additional share for every two shares held, increasing their shareholding by 50% at no extra cost. The bonus shares will be fully paid-up and rank pari-passu with existing equity shares. This move is expected to potentially increase stock liquidity and is viewed as a shareholder-friendly action, signaling the company's confidence in its future prospects.
29May 25
Samvardhana Motherson International Reports Q4 FY24 Results: Revenue Up, Profits Down
Samvardhana Motherson International's Q4 FY24 results show revenue growth of 8.12% YoY to ₹293.00 billion, but profitability declined. EBITDA fell 11.17% to ₹24.82 billion, with margin contracting to 8.47%. Consolidated net profit dropped 25% to ₹10.50 billion. Full-year FY24 saw strong growth with revenue up 25.23% and net profit increasing 80.86%. The company faces challenges in maintaining profit margins despite revenue growth.