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SAMIL Q1 Earnings: Profit Surges 65.4%, Revenue Jumps 28.5%

SAMIL Q1 Earnings: Profit Surges 65.4%, Revenue Jumps 28.5%

Shailendra Bhatnagar
Shailendra Bhatnagar
  • New Delhi,
  • Aug 14, 2024,
  • Updated Aug 14, 2024, 11:19 AM IST

Samvardhana Motherson International Ltd. (SAMIL) has announced its Q1 results. The company reported a 65.4% year-on-year increase in net profit, reaching ₹994 crore, compared to ₹601 crore in the same period last year. Revenue saw a significant boost of 28.5%, totalling ₹28,868 crore versus ₹22,462 crore in Q1 of the previous year. Additionally, EBITDA surged by 44%, amounting to ₹2,775 crore, with margins improving to 9.6% from 8.6% YoY. Watch Pankaj Mital, Chief Operating Officer, SAMIL and Kunal Malani, CFO, SAMIL On Q1 results.

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