Motherson Sumi Systems will be announcing its quarterly results on Monday. The stock has fallen 35 percent in the last 6 months. Another weak quarter is expected from the company today.
Here are the key expectations:
- Margins are expected to fall by 60 basis points this quarter. One basis point is a hundredth of a percentage point.
- Samvardhana Motherson Reflectec (SMR) business revenue growth is expected at 2 percent YoY versus 1 percent growth YoY in Q2.
- Net debt is likely to go up for the company.
- High startup costs, weakness in overseas subsidiaries like SMR to impact earnings.