MUMBAI, July 27 (Reuters) - Auto parts maker Motherson Sumi Systems' consolidated April-June net profit came in sharply below estimates, hurt by a restructuring charge related to a recent acquisition, officials said on Monday.
Motherson Sumi's first quarter profit of 110.5 million rupees on sales of 14.04 billion rupees was against a profit of 316.5 million rupees the year ago. Though the aquisition helped boost sales from last year's 6.01 billion rupees.
A Reuters poll ...
Sign in to access
this Article
"Motherson profit lags f'cast as restructuring weighs" is part of the paid WardsAuto Premium content. You must log in with Premium credentials in order to access this article. To obtain Premium status, please contact us.
Why Become a Premium Subscriber?
WardsAuto.com Premium subscribers have access to the full breadth of Ward’s articles, news, analysis and features as well as all the Ward’s data and statistics as soon as they are available in Excel spreadsheet format. Learn more about the benefits of Premium access here.
