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The Economic Times

Rounak Khare

Samvardhana Motherson shares rally over 7% after Q1 earnings; Motilal Oswal, Nomura weigh in

Motherson Nomura Motilal Oswal Samvardhana Motherson International United States

Shares of auto components manufacturer Samvardhana Motherson International surged over 7% to Rs 166 on the BSE on Friday, after the company posted its highest-ever quarterly revenue in Q1 FY27 and a 70% jump in profit after tax.

As per a regulatory filing on Thursday, revenue from operations rose 17% YoY to Rs 35,244 crore, driven by healthy performance across the company's businesses. Profit after tax surged 70.1% YoY to Rs 1,032 crore, while EBITDA grew 26% YoY to Rs 3,104 crore.

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Federal judge halts ICE detention centre construction at California site over environmental review

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One subscription that gives you access to news from hundreds of sites

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