Motherson Sumi Wiring India Ltd News
Motherson Sumi Wiring Q2 results: Net profit dips 3% to Rs 152 cr
Motherson Sumi Wiring India on Friday said its net profit declined 3 per cent to Rs 152 crore in the second quarter ended September 30, 2024. The company had posted a net profit of Rs 156 crore for the July-September period of last fiscal. Total revenue from operations increased to Rs 2,326 crore from Rs 2,109 crore in the year-ago period, the company said in a statement. "We are committed to our expansion plans that prioritise our customers' needs, while actively exploring new opportunities within the evolving automotive landscape across all powertrains," Chairman Vivek Chaand Sehgal said. "As we move forward, we will continue to enhance our operational efficiencies and further develop our manufacturing expertise, ensuring sustainable growth and innovation," he added. Shares of the company ended 0.79 per cent down at Rs 63.9 apiece on BSE.
 "Motherson Sumi Wiring Q2 results: Net profit dips 3% to Rs 152 cr")
F&O Insights: FIIs cover shorts in Bank Nifty; 24,600 is the key for Nifty
Derivatives market update: In the last 4 trading sessions, the Nifty and Bank Nifty, both, have witnessed short-covering as prices rose on the back of 20% and 16% decline in open interest.
 "F&O Insights: FIIs cover shorts in Bank Nifty; 24,600 is the key for Nifty")
Motherson Sumi Wiring Q1 FY25 results: Net profit up 21% at Rs 149 cr
Auto components maker Motherson Sumi Wiring India Ltd on Monday reported 21 per cent increase in net profit at Rs 148.87 crore for June quarter FY25 riding on strong revenue growth. The company had logged a net profit of Rs 123.13 crore in the same quarter last fiscal, Motherson Sumi Wiring India Ltd (MSWIL) said in a regulatory filing. Total revenue from operations in the period under review stood at Rs 2,184.84 crore as against Rs 1,871.84 crore in the year-ago period. Total expenses were higher at Rs 1,991.46 crore as compared to Rs 1,706.25 crore. MSWIL said its strong revenue growth year-on-year is mainly supported by increased volumes and content on account of automotive megatrends. Performance remained resilient despite the transitory impact of higher raw material prices and startup costs mitigated with operational efficiencies, it added. MSWIL Chairman Vivek Chaand Sehgal said,"The company remains committed to understanding and staying aligned with industry trends and ..
 "Motherson Sumi Wiring Q1 FY25 results: Net profit up 21% at Rs 149 cr")
