Motherson Sumi Systems Ltd Q4FY21 Results

Financial results for Q4

Standalone:

• Revenue from operations have gone up by 28% from Rs. 991.29 crores in Q4FY20 to Rs. 1269 crores in Q4FY21.
• EBITDA for Q4FY20 was Rs. 429.59 crores and for Q4FY21 Rs. 196.97 crores, thus, showing a decline of 54.15%.
• PBT (after exceptional items) dropped from Rs. 357.22 crores in Q4FY20 to Rs. 124.01 crores in Q4FY21 by (65.28%).
• PAT (before discontinued operations) dropped by (74.26%) from Rs. 290.25 crores in Q4FY20 to Rs. 74.72 crores in Q4FY21.
• PAT (after discontinued operations) also declined from Rs. 386 crores in Q4FY20 to Rs. 244.88 crores in Q4FY21 by (36.56%).
• Q4FY21 was impacted due to extended holidays & lower productivity of OEMs.

Consolidated:

• Revenue from operations rose from Rs. 14434.48 crores in Q4FY20 by 17.58% to Rs. 16971.91 crores.
• Consolidated revenues increased as industrial activity picked up globally with easing down of restrictions all around the world.
• EBITDA jumped by 44.22% from Rs. 1253.22 Crores in Q4FY20 to Rs. 1807.45 Crores in Q4FY21.
• PBT (after exceptional items) grew by 171% from Rs. 337.28 crores in Q4FY20 to Rs. 914.17 crores.
• PAT (before discontinued operations) witnessed a tremendous growth of 2026.64% from Rs. 39.9 crores in Q4FY20 to Rs. 848.53 crores.
• PAT (after discontinued operations) also grew by 650.91% from Rs. 135.66 Crores in Q4FY20 to Rs. 1018.69 Crores in Q4FY21.
• Operations of the company in the beginning of FY21 were tremendously affected by the pandemic.

Financial results for FY21

Standalone:

• Revenue from operations from Rs. 3985.05 crores in FY20 have fallen to Rs. 3669.21 crores in FY21 by (7.93%).
• EBITDA for FY20 was Rs. 927 crores & for FY21 Rs. 551 crores, a drop of (40.56%).
• PBT (after exceptional items) has fallen from Rs. 670.92 crores in FY20 by (60.79%) to stand at Rs. 263.05 crores in FY21.
• PAT (before discontinued operations) witnessed a drop of (63.98%) from Rs. 538.61 crores in FY20 to Rs. 194.02 crores in FY21.
• PAT (after discontinued operations) also declined by (42.07%) from Rs. 898.82 crores in FY20 to Rs. 520.7 crores in FY21.

Consolidated:

• Revenue from operations from Rs. 60728.99 crores in FY20 fell by (5.53%) to stand at Rs. 57369.91 crores in FY21.
• EBITDA fell by (6.59%) from Rs. 4936.16 crores in FY20 to Rs. 4610.88 crores in FY21.
• PBT (after exceptional items) fell by (27.68%) from Rs. 1622.33 crores in FY20 to Rs. 1173.35 crores in FY21.
• PAT (before discontinued operations) saw a growth of 33.02% from Rs. 934.23 Crores in FY20 to Rs. 1242.69 Crores in FY21.
• PAT (after discontinued operations) also from Rs. 1294.44 Crores in FY20 rose by 21.24% to Rs. 1569.37 Crores in FY21.

Dividend

• The Board of Directors recommended a final dividend of Rs. 1.5 per share for FY21.