Auto components maker Motherson Sumi Systems Ltd (MSSL) on Tuesday reported consolidated net profit of ₹340 crore for the fourth quarter ended March 31, 2015, up 12.41 per cent compared with ₹303 crore in the corresponding period last year.
Revenue also rose more than 12 per cent to ₹9,322 crore during the quarter against ₹8,289 crore in the January-March quarter last year.
“We are very happy with the way we have performed against our five-year targets, thanks to the continued support of our customers, employees and other stakeholders,” said Vivek Chaand Sehgal, Chairman.
MSSL’s shares closed at ₹487.60 on the BSE on Tuesday, down 4.69 per cent from the previous close.