Motherson Sumi Profit Rises 35 Percent
Motherson Sumi Wiring reported a 35 percent rise in quarterly profit to 2.23 billion rupees. Strong demand for auto parts and higher production capacity drove the revenue growth.
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MOTHERSON SUMI WIRING INDIA posted a 35% rise in quarterly net profit to 2.23 billion rupees ($23.47M) on Friday morning, driven by strong automaker demand. The wiring harness maker outperformed expectations during the July-September period compared to 1.65 billion rupees a year earlier. The earnings jump highlights robust supplier momentum across India.
