Samvardhana Motherson International has announced that its revenue for Q3FY23 was up by 25% YoY to INR 20,226 crore, which is also 11% up compared to last quarter.
Meanwhile, the EBITDA for the quarter stood at INR 1,684 crore, up by 13% QoQ and by 44% YoY, while the PAT was INR 454 crore, up by 85% QoQ and by 388% YoY.
A press release from Smavardhana Motherson noted that 6% of the revenue was generated from the EV business.
Vivek Chaand Sehgal, Chairman, Motherson, said, “With further improvement expected in business environment, we are poised to deliver greater value to our stakeholders.”
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