Motherson Sumi Systems

Shares of state-run telecom firm MTNL will be in focus as the the government has deferred the merger of BSNL and MTNL due to financial reasons.

Total revenue from operations stood at Rs 16,117.51 crore in the quarter under review against Rs 17,092.44 crore in the year-ago period

The company has recently received nod from the NCLT for the group's restructuring

As of 10:09 AM, the S&P BSE Auto index was the top sectoral gainer up 1.1 per cent as compared to 0.31 per cent decline in the S&P BSE Sensex

Auto components major Motherson Sumi Systems Monday said its board has approved raising of up to Rs 1,000 crore through the issuance of non-convertible debentures (NCDs) on a private placement basis

Auto components major Motherson Sumi Systems Ltd (MSSL) on Tuesday reported a consolidated net profit of Rs 367.65 crore from continuing operations in the first quarter ended June 30

Consolidated net profit in the quarter came in at at Rs 1,018.69 crore

The firm will demerge its domestic wiring harness (DWH) business into a new company that will eventually be listed

Thus far in the month of February, the stock of the auto ancillary company has rallied 53 per cent, as compared to a 12.5 per cent surge in the S&P BSE Sensex

With the rollout of Covid-19 vaccine in different parts of the world, the management is optimistic that the demand and positive sentiments will improve in the upcoming quarters

Motherson Sumi Systems said that it is targeting $36 billion in group revenues by FY25E, including 25 per cent contribution from non-automotive space

The company had posted a net profit of Rs 377.73 crore in the July-September period of previous fiscal

The issue was the joint widest distributed debt issuance by an Indian private sector corporate in the current fiscal

Auto components maker Mother Sumi Systems reported a consolidated net loss of Rs 1,191.65 crore for June quarter 2020 hit hard by the coronavirus pandemic

The stock of ICICI Bank has once again made a good support base near 340 levels and is currently indicating a trend reversal

The reorganisation plan entails a demerger of the domestic wiring harness (DWH) business from MSSL into a new company that is in the process of being incorporated as a wholly-owned subsidiary of MSSL

The company announced it was well-positioned on liquidity, with an 11-quarter low debt and adequate liquidity as well as a focus on generating further cash.

The firm, which has plants in India, Europe and America that are temporarily closed now, said it has received positive reopening dates for the vast majority of the plants by end of April/ early May.

Revenue from operations during the quarter under review stood at Rs 15,436.46 crore, as against Rs16,233.65 crore in the year-ago period

The company's European operations accounted for more than 40 per cent of the company's consolidated revenue in the fiscal year ending March 2019