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Motherson Sumi Systems Q3 profit rises 7%, records highest ever quarterly revenues

Auto component maker Motherson Sumi Systems has reported a 6.7% year-on-year growth in consolidated profit to Rs 389.06 crore for the quarter ended December 2018. Profit in the corresponding period last year stood at Rs 364.5 crore. The company posted its highest every quarterly consolidated revenue at Rs 16,473 crore for the quarter ended December 2018, which grew by 14.5% year-on-year as compared to Rs 14,271 in the corresponding quarter last fiscal. Shares of Motherson Sumi Systems touched a 52-week low of Rs 130.50 intra-day today.

Read More at The Economic Times News date : 11 Feb 2019, Monday

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