Samvardhana Motherson shares rally over 7% after Q1 earnings; Motilal Oswal, Nomura weigh in
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.The company also announced the acquisition of Chinese tech firm Shenzhen Autocruis for $22.6 million in this quarte