May 19 India-based auto parts maker Motherson
Sumi Systems Ltd posted a better-than-expected 20
percent growth in March-quarter consolidated net profit, buoyed
by higher sales in foreign markets.
Consolidated net profit stood at 7.06 billion rupees
($108.81 million) in the quarter ended March 31, compared with
5.87 billion rupees a year earlier. bit.ly/2rxNM4H
Analysts on average had expected a consolidated net profit
of 4.70 billion rupees, according to Thomson Reuters data.
Motherson Sumi's net sales outside India rose over 14
percent to 94.76 billion rupees.
($1 = 64.8825 Indian rupees)
(Reporting by Krishna V Kurup; Editing by Sherry