MICO Q2 net up 9.09%

Mumbai: The country’s largest auto component manufacturer, Motor Industries Company (MICO), on 29 October posted an increase of 9.09% in net profit at Rs136.75 crore for the quarter ended 30 September, compared to Rs125.35 crore for the reviewed quarter last year.

The total income of the company rose 4.62% to Rs1,068.33 crore for the September quarter, against Rs1,021.11 crore for the same quarter last fiscal, MICO said in a communique to the Bombay Stock Exchange.

Shares of the company closed 0.68% up at Rs4,309.65 on BSE.

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