Motherson Sumi Systems reports increase in profits for the fourth quarter

May 17 2013, 14:55 IST
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SummaryMotherson Sumi Q4 net profit rises marginally to Rs 195.80 crore.

Auto component maker Motherson Sumi Systems today reported a marginal increase in consolidated net profit to Rs 195.80 crore for the fourth quarter ended March 31, 2013.

The company had posted a net profit of Rs 194.83 crore in

the corresponding period last year, Motherson Sumi Systems

said in a filing on the BSE.

The consolidated net income during the January-March, 2013 quarter also went up by 3.90 per cent to Rs 6,675.84 crore from Rs 6,425.23 crore in the year-ago period, it added.

For the entire 2012-13 financial year, Motherson Sumi Systems's consolidated net profit soared 71.21 per cent at Rs

444.54 crore as against Rs 259.64 crore in the previous

fiscal, the statement said.

The consolidated net income during FY'13 stood at Rs

25,616.96 crore compared to Rs 14,907.58 crore in FY'12, up 71.84 per cent.

In its meeting, the Board of Directors has recommended a

dividend of Rs 2 per share for the year ended March 31, 2013.

Commenting on the performance, Motherson Sumi Systems

Chairman V C Sehgal said: "We would like to thank our

customers and collaborators for their continued trust and

support. It is because of them, the company could deliver

consistent and superior performance across all business

segments in spite of the gloomy market conditions."

Shares of the company were quoting 0.19 per cent higher at

Rs 213.55 apiece on the BSE during afternoon trade.

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