Motherson Sumi Q3 profit drops 1% to Rs 555 cr

INSUBCONTINENT EXCLUSIVE:
NEW DELHI: Auto component major Motherson Sumi Systems on Monday reported 1.19 per cent drop in consolidated net profit at Rs 554.99 crore
for the third quarter ended December 2018. The company had reported profit of Rs 561.71 crore during the same period of the previous
fiscal. Revenue from operations, however, rose to Rs 16,233.65 crore compared with Rs 14,271.45 crore in October-December 2017-18, Motherson
Sumi said in a regulatory filing. The stock was 1.7 per cent up at Rs 137.35 on the BSE in the second half of the session on Monday