*Samvardhana Motherson International Ltd.* | *CMP* Rs. 148 | *M Cap* Rs. 104127 Cr | *52 W H/L* 217/107 (Nirmal Bang Retail Research) *Result below Expectation* Revenue from Operations came at Rs. 29316.8 Cr (6% QoQ, 8.3% YoY) vs expectation of Rs. 28830.9 Cr, QoQ Rs. 27665.9 Cr, YoY Rs. 27058.2 Cr EBIDTA came at Rs. 2642.9 Cr (-9.9% QoQ, -1.6% YoY) vs expectation of Rs. 2904 Cr, QoQ Rs. 2934.6 Cr, YoY Rs. 2685.8 Cr EBITDA Margin came at 9% vs expectation of 10.1%, QoQ 10.6%, YoY 9.9% Adj. PAT came at Rs. 1050.5 Cr vs expectation of Rs. 1054.6 Cr, QoQ Rs. 878.6 Cr, YoY Rs. 1371.4 Cr Quarter EPS is Rs. 1.5 Stock is trading at P/E of 22x FY26E EPS