Motherson Sumi posts minor fall in profit, Stock Volatile

Leading Auto Component Company Motherson Sumi Systems Limited today reported 1.19% decline in consolidated net profit at Rs554.99 crore for the Q3 ended Dec-31-2018. It had reported a profit of Rs561.71 crore during the corresponding period previous year. According to the Company, revenue from operations rose to Rs6,233.65 crore vis a vis  Rs 14,271.45 crore in October-Dec 2017-18. It has reported Earnings Per Share of Rs1.23 for the quarter as compared to Rs1.18 for the period ended Sept 30, 2018.

The stocks seen volatile in today’s session.  At 2.30 pm, shares of Motherson Sumi systems were quoting at Rs 134.30, down 0.67 percent on the NSE.  The share opened at Rs133/- and has touched a high of Rs. 140.90 and low of Rs130.50 thus far. Meantime, benchmark Sensex trade lower at 36435 down 111 points and NSE Nifty50 down 40 points at 1093-mark.