Motherson Sumi Wiring India Limited: The company had revenue of INR 1,859 crore for Q1FY24. Its EBITDA was INR 207 crore for Q1 and the EBITDA Margin was 11.1%, the company said.
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The Board of Directors of Motherson Sumi Wiring India Limited, at its meeting held today have approved the financial results of the company for the period ended March 31, 2023 - Q4FY23 and FY2023.
The company in an exchange filing said that the shares were sold 'as part of global deleveraging strategy to fund partial debt prepayment of SWS group in the rising interest environment.'