Get all your news in one place.
100’s of premium titles.
One app.
Start reading
Livemint
Livemint
Business
Ravindra Sonavane

Motherson Sumi Q4 profit rises 12.4%

Motherson Sumi Q4 profit rises 12.4%
The company said it will divest its stake in the joint venture, Calsonic Kansei Motherson Auto Products Ltd to SMIL at a price determined through fair valuation, in agreement with the partner.

Mumbai: Motherson Sumi Systems Ltd on Tuesday said its consolidated net profit for the March quarter rose 12.42% year-on-year due to higher sales.

The consolidated net profit was at Rs.340.10 crore in the March quarter as compared with Rs.302.53 crore a year ago. Bloomberg analysts estimated net profit to be Rs.286.40 crore and net sales to be Rs.8,999.40 crore.

Net sales rose 12.5% from Rs.8,289.01 crore a year ago to Rs.9,321.97 crore.

The company said it will divest its stake in the joint venture, Calsonic Kansei Motherson Auto Products Ltd (formed with its German partner Woco Franz Josef Wolf Holding GmbH) to SMIL at a price determined through fair valuation, in agreement with the partner.

At 12.14pm, Motherson Sumi was trading at Rs.503.75 on BSE, down 1.5% from its previous close, while Sensex fell 1.88% to 26,989.05 points.

Sign up to read this article
Read news from 100’s of titles, curated specifically for you.
Already a member? Sign in here
Related Stories
Top stories on inkl right now
One subscription that gives you access to news from hundreds of sites
Already a member? Sign in here
Our Picks
How Long Does Your Cooked Meat Really Last In The Fridge?
We’ve all been there—dinner ends, and a container of leftover roasted chicken or beef goes into the fridge. But how long can that cooked meat actually stay safe to eat? Eat it too late, and you risk foodborne illness; eat it too soon, and you waste money and flavor. This…
Grocery Coupon Guide
Grocery Coupon Guide
"Kids saw the video on MTV and thought, 'This is cool. These guys are kinda ugly and they're tearing up their high school.' It attracted some riff-raff." Nirvana's Smells Like Teen Spirit video has now been viewed more than two billion times on YouTube
"The video was probably the key element in Smells Like Teen Spirit becoming a hit." Dave Grohl
Metal Hammer
Metal Hammer
7 Grocery Store Rules Boomers Remember — But No One Follows Anymore
Remember when grocery shopping meant showing—well, manners? Boomers grew up with unwritten rules that made errands smooth and respectful. But today, grocery store etiquette often goes out the window, making checkout lines and aisles more chaotic than polite. Knowing these vintage rules isn’t just nostalgia—it helps you shop smarter, faster,…
Grocery Coupon Guide
Grocery Coupon Guide
Twin Peaks: David Lynch’s graoundbreaking show now available to stream in its entirety
The show became a cult phenomenon after being released in 1990
The Independent UK
The Independent UK
Mel Brooks makes Spaceballs 2 announcement with cast set to include rarely seen star
Rick Moranis is reportedly set to come out of retirement for the long-awaited sequel
The Independent UK
The Independent UK
It’s not just the noise: Cicadas are overrunning an amusement park and are taking the blame for a car crash
Brood 14 is emerging across portions of the eastern U.S., and will likely be a present nuisance for the next few weeks
The Independent UK
The Independent UK
Fourteen days free
Download the app
One app. One membership.
100+ trusted global sources.
Download on the AppStore Get it on Google Play