Motherson Sumi Wiring Q2 Profit Dips 3% to Rs 152 cr
Motherson Sumi Wiring India's net profit dipped 3% to Rs 152 crore in Q2 FY25, while revenue rose to Rs 2,326 crore. The company attributed the performance to expansion plans and focus on customer needs.
New Delhi, Nov 8 (PTI) Motherson Sumi Wiring India on Friday said its net profit declined 3 per cent to Rs 152 crore in the second quarter ended September 30, 2024.
The company had posted a net profit of Rs 156 crore for the July-September period of last fiscal.
Total revenue from operations increased to Rs 2,326 crore from Rs 2,109 crore in the year-ago period, the company said in a statement.
"We are committed to our expansion plans that prioritise our customers' needs, while actively exploring new opportunities within the evolving automotive landscape across all powertrains," Chairman Vivek Chaand Sehgal said.
"As we move forward, we will continue to enhance our operational efficiencies and further develop our manufacturing expertise, ensuring sustainable growth and innovation," he added.
Shares of the company ended 0.79 per cent down at Rs 63.9 apiece on BSE.
The company had posted a net profit of Rs 156 crore for the July-September period of last fiscal.
Total revenue from operations increased to Rs 2,326 crore from Rs 2,109 crore in the year-ago period, the company said in a statement.
"We are committed to our expansion plans that prioritise our customers' needs, while actively exploring new opportunities within the evolving automotive landscape across all powertrains," Chairman Vivek Chaand Sehgal said.
"As we move forward, we will continue to enhance our operational efficiencies and further develop our manufacturing expertise, ensuring sustainable growth and innovation," he added.
Shares of the company ended 0.79 per cent down at Rs 63.9 apiece on BSE.
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