Margin gains key trigger for Motherson Sumi in Q2; stock rises over 4%

Company puts up a better-than-expected showing in Q2FY20

The stock of Motherson Sumi was up over 4 per cent on Monday after the company reported a better-than-expected performance for the September quarter (Q2FY20). Led by a  double-digit growth at its two units — SMP and PKC — the company reported 6 per cent improvement in consolidated revenues as compared to estimates, which had pegged growth at 3 per cent. 

The uptick in growth came in from Finland-based PKC, which makes wiring systems and electronics for automotive companies. The unit reported growth of 12 per cent, contributed by China, Europe and North America. The improvement at the operational level also