Q3FY17 Results: Motherson Sumi Systems Ltd.
Bhagyashree Vivarekar / 13 Feb 2017
The company's stock opened at Rs 358 on the BSE and fell 2.35 per cent after the results were declared. The stock is currently trading at Rs 349.6. The company reported PAT of Rs 547.32 crore
Motherson Sumi Systems Ltd. reported its results for the quarter ended December 31, 2016.
The company's reported total sales of Rs 10796.9 crore for Q3FY17, which represents a 4.49 per cent sequential increase and 12.49 per cent YoY increase.
Its operating profit (EBIT) for the quarter came in at Rs 836.02 crore, while its EBIT margin stood at 7.74 per cent.
The company reported PAT of Rs 547.32 crore, which represents a sequential QoQ increase of 14.06 per cent and a YoY increase of 28.25 per cent.
The company's stock opened at Rs 358 on the BSE and fell 2.35 per cent after the results were declared. The stock is currently trading at Rs 349.6.
Motherson Sumi Systems Ltd is the flagship company of the Samvardhana Motherson Group. The company manufacturers automotive wiring harnesses and mirrors for passenger cars. It is also a supplier of plastic components and modules to the automotive industry.
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