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Motherson Sumi, an auto component maker has posted a 25 percent jump in its consolidated profit for the quarter ended September 30.
The profit rose to Rs 361 crore compared to Rs 288 crore. The consolidated revenue increased 15 percent to Rs 10,018 crore during the quarter.
According to the company the growth was fuelled by strong performance across the major product divisions and geographies.
It further said that it has trimmed its debt by 50 percent to Rs 2,175 crore since March 31, 2016.
V C Sehgal, the chairman has said that “We continue to consolidated operational improvements in our performance that is reflected in healthy growth of profits. The Q2 revenues are encouraging with 20 percent growth in domestic sales.”
