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Motherson Sumi Systems Ltd on Wednesday reported a consolidated net profit of Rs 713.6 crore for the quarter ended March, which is a 289 per cent increase from Rs 183.4 crore profit posted in the same quarter last year.
The total revenue from operations rose 17.6 per cent to Rs 16,972 crore as against Rs 14,434.5 crore in the corresponding quarter of the previous fiscal. The auto ancillary company’s tax expense declined to Rs 65.64 crore in Q4FY21 as compared to Rs 297.4 crore in the year-ago quarter.
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The company’s board recommended a dividend of Rs 1.50 per share. ”Recommended a dividend of Rs 1.50 (Rupee One and Fifty Paisa) per equity share (face value of Re. 1/- each) for the financial year ended March 31, 2021 on the Equity Share Capital of the Company, subject to the approval of the shareholders at the ensuing 34th Annual General Meeting,” the company said in a filing. Shares of Motherson Sumi were trading nearly 9 per cent higher at Rs 258 per share on the BSE.
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