Feb 12, 2024 / 11:30AM GMT
Operator
Ladies and gentlemen, good day, and welcome to Q3 FY '24 Results Conference Call of Samvardhana Motherson International Limited. (Operator Instructions) I now hand the conference over to Mr. V.C Sehgal. Thank you, and over to you, Mr. Sehgal.
Vivek Sehgal -
Thank you. Good evening, ladies and gentlemen. Thank you for joining the results conference call of SAMIL. I'm pleased to announce that the Board has approved, as a result for quarter 3 and congratulated the various teams. SAMIL has delivered a strong performance across all business divisions on the back of automotive industry having good growth across regions.
The leverage ratio has been reduced to 1.7x from 1.9x, having accounted for all the closed acquisitions. We are very comfortable with our debt and liquidity profile and the visibility to reduce further by the year-end. India is at the center of our expansion plans. We see a lot of traction coming for Automotive and Non-Auto businesses in India and to support with further growth, we are setting 11 greenfield in India.
Our focus and
Q3 2024 Samvardhana Motherson International Ltd Earnings Call Transcript
Feb 12, 2024
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