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 ...
Sign in to access
this Article
"Motherson Sumi Q4 net up on robust sales; shrs rise" 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.
