Motherson Sumi Jan-March net up 41 pct, beats forecast

Newswire

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MUMBAI, June 2 (Reuters) - Auto parts maker Motherson Sumi Systems Ltd on Monday posted a 41 percent rise in consolidated fourth quarter profit, helped by strong domestic sales and rising exports.

"There was strong growth in the domestic market as our customers have done very well in the quarter", Chief Financial Officer GN Gauba said.

Domestic sales grew by 28.6 percent for Jan-March, while exports grew 23.7 percent, he said.

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