Motherson Sumi Systems’ Q3 net profit up 34% to Rs 416 crore

Motherson Sumi Systems, the largest automotive component supplier in India, has reported its highest ever quarterly revenue of Rs 10,514 crore, up by 13%, and best ever quarterly net profit of Rs 416 crore, up by 34%, for the third quarter of 2016-2017 which ended on December 31, 2016.

Other highlights of Q3 are that the company’s revenues outside India are up by 12%, revenues in India are up by 24%, PAT is up by 34%, and EBITDA up by 23%. Globally, nine plants are at different stages of completion.

 “The company has shown exemplary growth in all areas and has achieved highest ever revenues and margins in a quarter. This is the reflection of hard work put in by all our teams from around the world,” said Vivek Chaand Sehgal, MSSL’s chairman.