Read more about Motherson Sumi Systems shares zoom over 13% after 8-fold jump in Q4 on Business Standard. Shares of auto components major Motherson Sumi Systems Ltd on Wednesday jumped over 13 per cent after Q4 earnings
Auto components major Motherson Sumi Systems Ltd on Wednesday reported a nearly eight-fold jump in consolidated net profit at Rs 1,018.69 crore in the fourth quarter ended March 31 riding on robust sales. The company had posted a consolidated net profit of Rs 135.66 crore in the same quarter previous fiscal, Motherson Sumi Systems Ltd (MSSL) said in a regulatory filing. Consolidated total revenue from operations during the period under review stood at Rs 16,971.91 crore as against Rs 14,434.48 crore in the year-ago quarter, it added. The company said its consolidated revenues in the fourth quarter of the financial year 2020-21 were more than pre-COVID levels as industrial activity picked up globally and despite multiple headwinds such as chip shortage, higher commodity costs, it has sustained profitability.
Motherson Sumi Q3 results: Net profit triples to Rs 798 cr, revenue up 15%
The automotive component manufacturing company s revenue rose 15 per cent to Rs 17,923 crore in December quarter, the highest ever in a quarter.
BusinessToday.In | February 12, 2021 | Updated 20:01 IST
Motherson Sumi s EBITDA rose 56 per cent to Rs 2,041 crore in December quarter.
Motherson Sumi Systems Ltd on Friday reported a consolidated net profit of Rs 798 crore for October-December quarter, almost triple of Rs 271 crore posted in the year-ago quarter, on higher demand.
The automotive component manufacturing company s revenue rose 15 per cent to Rs 17,923 crore in December quarter, the highest ever in a quarter, while total expenses rose 10 per cent to Rs 16,170 crore.