Q1 2020 Motherson Sumi Systems Ltd Earnings Call Transcript
Ladies and gentlemen, good day, and welcome to Q1 FY '20 Results Conference Call of Motherson Sumi Systems Limited. (Operator Instructions) Please note that this conference is being recorded. I now hand the conference over to Mr. Laksh Vaaman Sehgal. Thank you, and over to you, sir.
Thank you very much. I welcome everybody to the call. I'm joined on the call by Mr. Gauba and Mr. Pankaj and present the key highlights for the quarter and then open the floor to question and answers.
Overall revenues grew by 14% in the last quarter. It's compared to the same time year on year, we've crossed INR 16,000 which for a total in the quarter. And a strong revenue growth of 35% at SMP level, which is contributed by the new plants and as well as SMRC. There is strong performance illustrated by PKC with growth in revenues and profit. There has been gradual improvement in performance of the new plants in SMP, but the profitability is still impacted by adverse ramp up costs at SMP greenfield projects and tough market
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