MUMBAI, Oct 26 (Reuters) - Auto parts maker Motherson Sumi Systems Ltd's quarterly profits slid 65 percent despite a surge in sales, hit mainly by a restructuring charge related to closure of two plants, and exchange fluctuations.
The company reported a consolidated net profit of 149.6 million rupees on net sales of 15.88 billion rupees in July-Sept. This compares with a profit of 423.1 million rupees on sales of 6.20 billion rupees a year ago.
A Reuters poll had ...
Sign in to access
this Article
"Motherson Q2 net slides on restructuring; forex" 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.
