Motherson Sumi Q3 net profit up 28.24% at Rs 547.32 cr

Auto component maker Motherson Sumi Systems Ltd (MSSL) today reported a 28.24 per cent increase in consolidated net profit at Rs 547.32 crore in the third quarter ended December.
The company had posted a consolidated net profit of Rs 426.77 crore in the same period of last fiscal.
Its total income from operations during the period under review stood at Rs 10,796.9 crore as against Rs 9,598.35 crore in the year-ago period, up 12.48 per cent.
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 per cent down at Rs 346.55 apiece on BSE.