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Motherson Sumi consolidated Q4 net profit down 68.4% year-on-year at Rs135.66 cr

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The revenue during the quarter declines by 11.7% year-on-year at Rs15,159.05 crore Motherson Sumi Systems Ltd – country’s largest automobile component manufacturer – on Tuesday announced a 68.40% year-on-year decline in consolidated net profit to ₹135.66 crore for the quarter ending March 31, on account of the shutdown of the factories across the globe due to the outbreak of the Covid-19 pandemic.

The Noida based manufacturer reported a net profit ₹429.31 crore in the corresponding period. The revenue during the quarter declined by 11.7% year-on-year to ₹15159.05 crore when compared to 17169.47 crore, in the year ago period.

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