Motherson Sumi Systems Ltd
Motherson Sumi Systems Ltd (MSSL) topline witnessed decline of 5% yoy to INR
15661 cr in Q3FY20. Sharp slowdown in domestic automobile production and
sluggish demand scenario major international markets impacted topline
performance in Q3FY20. Furt...See more
her challenging time for SMP as new Alabama plants
is still far away from achieving desired efficiency levels which continues to add
stress on overall profitability. As new plant is expected to achieve optimal
utilization levels in next three to six months coupled with sequential recovery in
domestic demand scenario, topline to benefit and also lead profitability
improvement from start of FY21. Hence we continue to maintain BUY rating with
a target price INR 147
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Added: 3 years ago
motherson-sumi-systems-ltd--result-update-q3fy20.pdf
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