Motherson Sumi’s net profit up ninefold y/y to USD12.3m in Q1 FY2013-14
Expects strong growth driven by new orders from customers
Motherson Sumi Systems Limited (MSSL) has reported a ninefold jump in net profit to INR732m (USD12.3m, 30 June 2013) in the first quarter ended 30 June 2013 compared with INR81.4m (USD1.4m) during the same period a year ago, the flagship company of India’s leading auto parts supplier Samvardhana Motherson Group (SMG) said in a press release.
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