Munjal Showa Limited Reports Earnings Results for the Third Quarter and Nine Months Ended December 31, 2022
February 10, 2023 at 01:41 pm IST
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Munjal Showa Limited reported earnings results for the third quarter and nine months ended December 31, 2022. For the third quarter, the company reported sales was INR 3,075.28 million compared to INR 2,659.7 million a year ago. Revenue was INR 3,084.59 million compared to INR 2,699.2 million a year ago. Net income was INR 31.36 million compared to INR 9.69 million a year ago. Basic earnings per share from continuing operations was INR 0.79 compared to INR 0.24 a year ago. Diluted earnings per share from continuing operations was INR 0.79 compared to INR 0.24 a year ago.
For the nine months, sales was INR 9,416.84 million compared to INR 7,636.94 million a year ago. Revenue was INR 957,773.4 million compared to INR 7,799.05 million a year ago. Net income was INR 107.05 million compared to INR 51.11 million a year ago. Basic earnings per share from continuing operations was INR 2.68 compared to INR 1.28 a year ago. Diluted earnings per share from continuing operations was INR 2.68 compared to INR 1.28 a year ago.
Munjal Showa Limited is an India-based company, which operates as an ancillary and manufactures auto components for the two-wheeler and four-wheeler industry. The Companyâs primary products include front forks, shock absorbers, struts, gas springs and window balancers for sale in domestic market. It supplies shock absorbers to auto giants in India, Japan, Germany, the United States and the United Kingdom, amongst other developed markets. Its products serve as original equipment to a range of Maruti Suzuki upper end cars and export models, Honda City car, complete range of Hero Honda Motorcycles, Kawasaki Bajaj Motorcycles, Kinetic Scooters and Hero range of mini-motorcycles and mopeds and Honda Motorcycles and Scooters India (Pvt) Limited. The Company has three manufacturing locations at Gurugram, Manesar and Haridwar. manufacturing plant is spread over an area of approximately 24075 square meters. The Company has two geographical segments: Domestic and Overseas.