Auto component major Motherson Sumi Systems on Monday reported 1.19 per cent drop in consolidated net profit at ₹ 554.99 crore for the third quarter ended December 31, 2018.

The company had reported a profit of ₹ 561.71 crore during the same period of previous fiscal.

Revenue from operations, however, rose to ₹ 16,233.65 crore as compared with ₹ 14,271.45 crore in October-December 2017-18, Motherson Sumi said in a regulatory filing.