Motherson Sumi Systems limited (MSSl) on Wednesday announced financial results for its fiscal 2014-2015 fourth quarter, which ended on 31 March 2015. The Company posted record quarterly consolidated revenues of INR 9,322 crore and consolidated quarterly profit after taxes (PAT) of INR 340 crore, or Rs3.86 per share. These results compare to revenues of INR 8,289 crore. And profit after taxes of INR 3 03 crore or INR 3.43 per share, in the year-ago quarter. MSSl is reporting the following key quarterly results (compare to Q4 of FY 13-14):
MSSl also announced financial results for its fiscal year 2014-2015, which ended on 31 March 2015. Consolidated revenues came at record INR 34,490 crore and consolidated yearly profit after taxes was INR 862 crore for the year, or Rs9.78 per share. These results compare to revenues of INR 30,358 crore. And profit after taxes of INR 765 crore or Rs8.67 per share, in the previous year. International sales accounted for almost 85 per cent of the year's revenue.
In the second half of FY 2014-2015, MSSl for its subsidiary SMRPBV received new orders for life time value of EURO 630 million. This brings the total value of orders received during the full fiscal year 2014- 2015 to EURO 1.924 billion. These are in addition to the Daimler orders of EURO 2.2 billion received and announced in April 2015. "We are very happy with the way we have performed against our 5-year targets, thanks to the continued support of our customers, employees and other stakeholders", said Vivek Chaand Sehgal, Chairman, Motherson Sumi Systems ltd (MSSl).