News > Samvardhana Motherson to continue focus on debt reduction, says COO

Samvardhana Motherson to continue focus on debt reduction, says COO

Samvardhana Motherson International Ltd. aims to reduce debt in the upcoming quarter, building on a strong performance in Q2, according to Chief Operating Officer Pankaj Mital. In the September quarter of the ongoing financial year, the automotive component maker’s net profit swelled by 223% to Rs 948.81 crore from Rs 294.15 crore in the year-ago period. Ebitda too climbed by 23% year-on-year to Rs 2,447.94 crore in the second quarter.