Motherson quaterly net up on strong rupee, sales

Newswire

MUMBAI, July 30 (Reuters) - Motherson Sumi Systems Ltd. reported on Monday a 63 percent rise in April-June net profit helped by strong sales and foreign exchange gains, a senior official said. The net profit at 300.4 million rupees was, however, below a Reuters poll average of 356 million rupees. "It was a steady quarter. Our margins remained solid and domestic growth beat exports despite concerns of the sales growth of the Indian automobile industry," Chief Operating Officer Pankaj ...

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