Motherson Sumi Systems posts nearly eight-fold jump in Q4 pr

Motherson Sumi Systems posts nearly eight-fold jump in Q4 profit


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.

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