Samvardhana Motherson Posts Profit Jump
Indian auto parts maker Samvardhana Motherson reported a 42 percent rise in quarterly profit, driven by strong wiring harness demand and growth in emerging businesses.
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Samvardhana Motherson International posted a 42% rise in quarterly net profit to 11.75 billion rupees ($124.33 million) on Thursday morning, driven by strong demand for wiring harnesses. The results beat figures from the year-ago period when profit stood at 8.27 billion rupees. The expansion highlights solid momentum across emerging automotive and non-automotive operations in India.
