Motherson touches new highs

In December 2023, Motherson reported net sales of Rs 25,697.56 crore, marking a 27.05% increase from Rs 20,226.22 crore in December 2022. The quarterly net profit for December 2023 was Rs 541.96 crore, showing a 19.4% rise from Rs 453.92 crore in December 2022. EBITDA (earnings before interest, tax, depreciation, and amortization) reached Rs 2,424.30 crore in December 2023, a 42.82% increase from Rs 1,697.41 crore in December 2022.

Motherson’s earnings per share (EPS) rose to Rs 0.80 in December 2023 from Rs 0.67 in December 2022. On February 20, 2024, Motherson shares closed at Rs 113.50 on the NSE, providing a return of 18.60% over the last 6 months and 38.50% over the last 12 months.