Gross sales of Motherson Sumi Systems within India during the second quarter were up 4.95% at Rs1,772.09 crore as against Rs1,688.39 crore in the corresponding period last fiscal. Photo: BloombergNew Delhi: Auto component major Motherson Sumi Systems on Friday reported a 23.67% increase in consolidated net profit to Rs593.45 crore for the second quarter ended September owing to growth in global sales. The company had posted a consolidated net profit of Rs479.85 crore in the July-September period a-year-ago, Motherson Sumi Systems Ltd (MSSL) said in a BSE filing. On the other hand, gross sales from outside India were at Rs11,566.12 crore, up 35.66%, as against Rs9,060.29 crore. Shares of Motherson Sumi Systems Ltd were trading at Rs357.50 in afternoon trade, down 1.02% from the previous close on BSE.

Source: Mint November 10, 2017 15:11 UTC