Block deal on March 25: Goldman Sachs buys 65 lakh shares of Samvardhana Motherson for ₹87 crore via open market

Block deal on March 25: Goldman Sachs on Tuesday, March 25, bought shares of auto components major Samvardhana Motherson International for ₹87 crore through an open market transaction. American multinational Goldman Sachs, through its arm - Goldman Sachs (Singapore), purchased 65.48 lakh shares of Samvardhana Motherson International, per the BSE block deal data.

The shares were picked up at an average price of ₹132.7 apiece, taking the transaction value to ₹86.90 crore. Meanwhile, the block deal data showed Hong Kong-based asset management firm Kadensa Capital, through its arm, Kadensa Master Fund -sold the same number of shares at the same price.

Also Read: Dividend stock Samvardhana Motherson share price edges higher ahead of dividend announcement

Samvardhana Motherson Share Price Trend

Samvardhana Motherson's share price opened at ₹136.95 apiece on the BSE and touched an intraday high of ₹136.95. Shares settled 2.13 per cent lower at ₹131.15 apiece on the BSE. The firm commands a market cap of ₹92,278.09 crore. Shares have rallied 4.50 per cent in the last five days and 7.04 per cent in a month.

Last week, Samvardhana Motherson announced an interim dividend for the current fiscal 2024-25 (FY25) and fixed the record date for the payment of the same on Friday, March 28, 2025, declared by the company's board of directors.

Samvardhana Motherson Q3 Results

Last month, Samvardhana Motherson International reported a consolidated net profit of ₹879 crore for the third quarter ended December 31, 2024. The company reported a net profit of ₹542 crore for the October-December quarter of the last fiscal. Total revenue from operations rose to ₹27,666 crore for the third quarter of this fiscal compared to ₹25,644 crore in the year-ago period.

Also Read: Down 7% in March so far, Goldman Sachs cuts target of BSE for the second time this week; here’s why

On the operational level, the company's earnings before interest, taxes, depreciation, and amortization (EBITDA) rose 13 per cent to ₹2,687.4 crore, while the firm's margins expanded to 9.7 per cent from 9.2 per cent a year ago.

The company's selling, general, and administrative expenses rose by 3.39 per cent QoQ and 17.3 per cent YoY. Operating income was up by 16.35 per cent YoY, indicating a strong operational performance. The earnings per share (EPS) stood at ₹1.25, reflecting a significant rise of 56.25 per cent YoY.

Also Read: Goldman Sachs Layoffs: Wall Street banking major to cut over 1,300 employees in annual review

Disclaimer: The views and recommendations provided in this analysis are those of individual analysts or broking companies, not Mint. We strongly advise investors to consult with certified experts, consider individual risk tolerance, and conduct thorough research before making investment decisions, as market conditions can change rapidly, and individual circumstances may vary.