Motherson Sumi reportes 13% increase in net profit at Rs 303 crore

NEW DELHI: Auto component maker Motherson Sumi today reported a 13% increase in net profit at Rs 303 crore for the first quarter ended June 30, 2016.

The company posted 16% growth in revenues at Rs 10352 crore.

"The revenues for first quarter of Fiscal 2016-17 have been our best ever. We have double digit growth on both revenues and profits. It reflects the tremendous momentum we have in our organic growth, propelling us towards our 2020 targets”, said Vivek Chaand Sehgal, MSSL’s Chairman.