Munjal Showa Limited Reports Earnings Results for the Second Quarter and Six Months Ended September 30, 2023
November 08, 2023 at 03:08 am EST
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Munjal Showa Limited reported earnings results for the second quarter and six months ended September 30, 2023. For the second quarter, the company reported sales was INR 2,872.59 million compared to INR 3,164.15 million a year ago. Revenue was INR 2,945.12 million compared to INR 3,251.83 million a year ago. Net income was INR 15.41 million compared to INR 72.65 million a year ago. Basic earnings per share from continuing operations was INR 0.39 compared to INR 1.81 a year ago. Diluted earnings per share from continuing operations was INR 0.39 compared to INR 1.81 a year ago.
For the six months, sales was INR 5,751.28 million compared to INR 6,341.56 million a year ago. Revenue was INR 5,935.59 million compared to INR 6,493.14 million a year ago. Net income was INR 143.01 million compared to INR 75.7 million a year ago. Basic earnings per share from continuing operations was INR 3.58 compared to INR 1.89 a year ago. Diluted earnings per share from continuing operations was INR 3.58 compared to INR 1.89 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.