Motherson Sumi Q4FY21 Preview: ICICI Securities expects 16% YoY jump in operating income, 9.8% EBITDA margins

Motherson Sumi share price: ICICI Securities says that Motherson Sumi is expected to report a stable performance in Q4FY21 with margin profile at its overseas arm especially SMP (plastic body parts division) a key monitorable. On a consolidated basis, ICICI Securities expects the Motherson Sumi to report total operating income of Rs 17,650 cr (up 16% YoY, down 4% QoQ). EBITDA in Q4FY21 is expected at Rs 1732 cr with corresponding EBITDA margins at 9.8%, down 100 bps QoQ. 

Ensuing PAT for Q4FY21 is expected at Rs 459 cr (up 150% YoY, down 43% QoQ). SMRPBV is expected to report a topline of €1,376 million (up6% YoY) with corresponding EBITDA at €132 million and operating margins at 9.6%.

See Zee Business Live TV Streaming Below:

Motherson Group serves its customers with multiple products and services through nine business divisions. With the support of the customers, these nine divisions continue to grow stronger and become more diverse. Together, these business divisions help Motherson move closer towards its vision of being a globally preferred solutions provider. These are the nine business divisions of Motherson.

Motherson Sumi will strengthen their foundation and apply our existing competencies to serve customers in new industries. The targets set are USD 36 billion revenues with 40% ROCE. 25% of revenues to come from new divisions that Motherson has entered into. The company has realigned its diversification strategy to 3CX10 meaning that exposure to any country, component or customer should not be more than 10% of Motherson's total turnover by 2025.

Motherson supports its customers through its over 270 facilities operating in 41 countries across North America, South America, Europe, South Africa, Middle East, Asia Pacific and Australia. Customers are served globally by over 135,000 professionals, who are all part of Motherson. 

Motherson believes in the power of collaborations. Motherson has a strong track record when it comes to forming partnerships. Over the years, Motherson has forged long term collaborations with global technology leaders for different products, technologies and customer requirements.