Auto components major Motherson Sumi Systems Ltd (MSSL) today reported 7.32 per cent increase in consolidated net profit to Rs 757.50 crore for the fourth quarter ended March 31 of the 2017-18 fiscal.
The company had posted net profit of Rs 705.86 crore in the January-March quarter on 2016-17, MSSL said in a BSE filing.
It total revenue from operations during the quarter under review stood at Rs 15,407.83 crore. It was at Rs 11,473.05 crore in the year-ago period. The two figures are not comparable as revenue from operations is reported net of all taxes, including GST after its implementation from July 1, 2017.
For the entire 2017-18, MSSL said its consolidated net profit was at Rs 2,259.93 as against Rs 2,172.38 crore in the previous fiscal, up 4 per cent.
Total revenue from operations for the year stood at Rs 56,521.30 crore. It was at Rs 43,157.03 crore in 2016-17.
The board of directors at its meeting held today have recommended a dividend of Rs 2.25 per equity share of face value of Re 1 for the financial year ended March 31, 2018.
MSSL Chairman Vivek Chaand Sehgal said, "It has been an eventful year which has seen huge greenfield expansion to enable execution of the orders in the coming years and on the inorganic side the proposed acquisition of Reydel Automotive is on schedule."