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By EquityPandit
Motherson Sumi Systems Ltd has posted a 21 percent decline in quarterly profit.
The company has said that the profit declined to 3.47 billion rupees ($54.27 million) in its first quarter ended June 30, from 4.39 billion rupees of previous year.
The net sales outside India has been increased 25.5 percent to 113.70 billion rupees whereas the total expenses were increased 26 percent.
Read EquityPandit’s Technical Analysis of Indian Stock Market
