Motherson Sumi Systems missed analysts' expectations on its first quarter earnings front. Profit went up by 15.8 percent to Rs 439 crore on year-on-year basis. The revenue increased by 15.5 percent to Rs 10,450 crore in the quarter ended June 2016 compared to Rs 9,046 crore in the corresponding quarter of last financial year. Operating profit (EBITDA - earnings before interest, tax, depreciation and amortization) took the leap of 20.3 percent to Rs 928 crore and margin expanded by 40 basis points to 8.9 percent on yearly basis. At 11:46 hours IST, Motherson Sumi share price was quoting at Rs 325.50, down Rs 29.40, or almost 8 percent on profit booking.
Motherson Sumi is the automotive products manufacturer. Motherson Sumi share price opened at Rs. 354.90 against its previous close of Rs. 352.50. So far, the scrip has touched the intraday high of Rs. 354.90 and the intraday low of Rs. 315.10. The scrip has breached the lower circuit of Rs. 317.35 today and has experienced the spurt in the volume by over two times.
Motherson Sumi has made it to the top 500 performer list for the quarter of Dynamic Levels. The company has not reported the loss in past two-quarters and has the debt-equity ratio of 1.48. The current ratio of the company stands at 1.25 with the return on the net-worth of 26.02%.
Out of 132.29 crores shares, 37.49% is owned by Indian promoters and 28.12% is held by the foreign promoters. FIIs hold 18.12%, DIIS hold 5.50% and the remaining 10.77% is held by other non-institutions.
Motherson Sumi share price has been trading close to its closest resistance level of Rs. 358.65. The closest support for the stock stands at Rs.345.80. For more details on the support and resistance level of the stock, check the Motherson Sumi share price forecast page of Dynamic Levels website. For other details on the stock, please visit Motherson Sumi share price history page.
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