Motherson Sumi Q3 net profit rises 28.24% to Rs547.32 crore

Motherson Sumi had posted a consolidated net profit of Rs426.77 crore in the same period of last fiscal


Workers assemble wire harnesses at the Motherson Sumi wiring harness plant in Faridabad. Photo: Bloomberg
Workers assemble wire harnesses at the Motherson Sumi wiring harness plant in Faridabad. Photo: Bloomberg

New Delhi: Auto component maker Motherson Sumi Systems Ltd (MSSL) on Monday reported a 28.24% increase in consolidated net profit at Rs547.32 crore in the third quarter ended December.

The company had posted a consolidated net profit of Rs426.77 crore in the same period of last fiscal. Its total income from operations during the period under review stood at Rs10,796.9 crore as against Rs9,598.35 crore in the year-ago period, up 12.48%.

MSSL chairman Vivek Chaand Sehgal said, “The company has shown exemplary growth in all areas and has achieved highest ever revenues and margins in a quarter. This is the reflection of hard work put in by all our teams from around the world.”

Shares of MSSL were trading 2.63% down at Rs346.55 apiece on BSE.

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