Motherson Sumi Q4 consolidated net up 19%

Auto component maker Motherson Sumi Systems today reported jump of 19.47 per cent in its consolidated net profit to Rs 76.90 crore for the quarter ended March 31, 2009, over the same period last year.     

It had a consolidated net profit of Rs 64.37 crore in the period ended March 2008.     

Total consolidated income also increased by 41.09 per cent to Rs 843.25 crore from Rs 597.65 crore in the corresponding month last year, the company said in a statement.     

For the financial year 2008-09, the company's consolidated net profit, however, marginally declined to Rs 176.25 crore from Rs 177.86 crore in the previous fiscal, it added.     

The total consolidated income during FY09 jumped by 28.66 per cent to Rs 2,639.74 crore from Rs 2,051.75 crore in FY08, the company said.     

The company's board has recommended a dividend of Rs 1.35 per share for 2008-09 fiscal, the statement added.