UPDATE 1-Motherson July-Sept net up five-fold

Newswire

NEW DELHI, Oct 29 (Reuters) - Motherson Sumi Systems Ltd on Friday reported a more than five-fold jump in quarterly profit on increased vehicle sales, while a top official told Reuters that the momentum is expected to continue. The auto parts maker earned net income of 859.8 million rupees in July-September compared to 149.6 million rupees a year ago. Sales rose 21 percent to 19 billion rupees. A Reuters poll of brokerages had forecast a profit of 646 million rupees. "We don't see any ...

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