Motherson Sumi Q4 net up on robust sales; shrs rise

Newswire

MUMBAI, June 29 (Reuters) - Auto-parts maker Motherson Sumi Systems Ltd reported a 20 percent rise in fourth quarter profit on higher sales due to a recovering automobile market, beating analysts expectations and boosting shares. Motherson's consolidated fourth quarter net profit rose to 769 million rupees from 643.7 million rupees a year ago. Total income increased to 8.4 billion rupees from 5.97 billion rupees. Analysts polled by Reuters were expecting net profit at 352.5 million ...

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