Motherson Sumi Q1 FY2012-13 net income plunges 87.5% y/y to USD1.4m
Acquisitions like Peguform’s significantly increased Indian supplier’s risks
Motherson Sumi Systems Limited’s (MSSL) consolidated net profit declined 87.5% year-on-year (y/y) to INR81.4m (USD1.4m, 30 June 2012) in the first quarter ended 30 June 2012, compared with INR652.7m (USD14.4m, 30 June 2011) in the corresponding period a year ago, the company said in a regulatory filing with the Bombay Stock Exchange (BSE) in India.
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