Motherson Sumi Q1FY22 Results – Rs 290 cr PAT vs Rs 810 cr loss in Q1FY21; semiconductor shortages near term headwind; share drops 3.6%

Motherson Sumi Q1FY22 Earnings Results – The automotive component maker Motherson Sumi on Tuesday reported a net profit of Rs 289.63 crore for the quarter ended 30 June 2021 against the loss of Rs 810.45 crore. The total revenues from operations for the company for the reporting quarter stood at Rs 16,157.35 versus Rs 8,348.35 in Q1FY22.  

The total expenses for the company stood at Rs 15,809.40 for Q1FY22 versus Rs 9,708.48 during Q1FY21. The numbers correspond to the unaudited consolidated results. The profit before tax stood at Rs 522.40 during the June 2021 quarter versus the loss of Rs 1,313.01 in the Q1 of FY21.  

See Zee Business Live TV Streaming Below:

The shares of Motherson Sumi fell 3.6 per cent around 3:05 pm on the NSE and were trading at Rs 222.45.  

Motherson Sumi Q1FY22 Earnings Results Financial Highlights 

Consolidated 

• Quarterly EBITDA of Rs 1,462 cr 

• Quarterly PAT of Rs. 290 cr 

Standalone 

• EBITDA margin of 14.5% despite impact to revenues due to production shutdowns in India 

SMRP BV 

• EBITDA of Euro 101 million at 8% margin 

Debt 

• Continued deleveraging on improved Net Debt to EBITDA (LTM) ratio 

• Higher working capital requirements in Q1 due to irregular production trends by OEMs 

Operational Updates 

• At SMRPBV continued operating efficiencies and turnaround of Greenfield plants in recent 

quarters have helped offset the impact of lower revenues QoQ 

• PKC impacted by lag in copper price pass-through as well as component shortages, higher 

logistics and product launch related costs 

• Irregular production stoppages by OEMs globally due to supply chain constraints impacted the 

profitability of the company 

• Revenues impacted in India due to OEM production shutdown for most part of May 2021 in 

the current quarter 

Other Updates 

• Awaiting NCLT approval for next steps of proposed re-organization 

Industry Update 

• Supply chain disruptions due to Semi-conductor and other material shortages globally likely to be 

headwinds for OEM production in the near term, expected to improve from H2