Motherson Sumi Q1 net rises over two-fold to Rs 163.73 crore

Tags: Companies
Auto components maker Motherson Sumi Systems Ltd today reported over two-fold increase in consolidated net profit at Rs 163.73 crore for the quarter ended June 30 due to higher sales outside India.

It had posted a net profit of Rs 73.2 crore in the same period of previous fiscal, the company said in a BSE filing.

Net sales of the company during the quarter ended June 30 stood at Rs 8,296.43 crore, up 18.29 per cent as against Rs 7,013.38 crore in the corresponding period of last year.

During the quarter, sales within India went up by 8.95 per cent to Rs 1,248.32 crore while sales outside India increased by 20.11 per cent to Rs 7,048.11 crore.

Commenting on the result, Motherson Sumi Systems Ltd Chairman V C Sehgal said: "The company continues to deliver exceptional performance both in terms of revenue and profitability."

Shares of Motherson Sumi Systems were trading 3.26 per cent down at Rs 358.50 during afternoon trade on the BSE.

Post new comment

E-mail ID will not be published
CAPTCHA
This question is for testing whether you are a human visitor and to prevent automated spam submissions.

EDITORIAL OF THE DAY

  • The world is moving away from fast food like never before

    Despite spending $1.8 billion every year on worldwide advertising and promotion, McDonald’s sales are plummeting.

FC NEWSLETTER

Stay informed on our latest news!

INTERVIEWS

GV Nageswara Rao

MD & CEO, IDBI Federal Life

Timothy Moe

Goldman Sachs

Chander Mohan Sethi

CMD, Reckitt Benckiser India

COLUMNIST

Urs Schoettli

It’s time for Japan to step out of its shell

The execution of a Japanese hostage by ISIS has sho­cked ...

Zehra Naqvi

The urge to tell stories

One wants to tell a story, like Scheherzade, in order ...

Bubbles Sabharwal

Truth about truth

The question to ponder is, “is it the truth because ...

INTERVIEWS

William D. Green

Chairman & CEO, Accenture