The company will hold 100% of the share capital of the newly established entity.
SAMIL is one of the world’s leading specialized automotive component manufacturing companies for OEMs. It is currently the largest auto ancillary in India and is ranked among the top 15 automotive suppliers worldwide.
The company’s consolidated net profit surged 62.1% to Rs 878.63 crore in Q3 FY25 as against Rs 541.96 crore posted in Q3 FY24. Revenue from operations rose 7% to Rs 27,231.61 crore in the quarter ended 31 December 2024.
The scrip dropped 3.60% to Rs 127.20 on the BSE.