Motherson Sumi Systems posts 21 percent rise in Q2 profit
Motherson Sumi Systems posts 21 percent rise in Q2 profit
Auto parts maker Motherson Sumi Systems Ltd reported a 21 percent rise in quarterly profit, missing analysts` estimate.
Net profit for the three months ending Sept. 30 rose to 4.36 billion rupees from 3.61 billion rupees a year earlier, the company said in a filing on Friday. http://bit.ly/2hnhol1
Net sales outside India rose nearly 36 percent to 115.66 billion rupees.
Analysts on average had expected the company to post a profit of 5.04 billion rupees, according to Thomson Reuters data.
(This article has not been edited by Zeebiz editorial team and is auto-generated from an agency feed.)
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