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Motherson Sumi's Q1 net profit rises to Rs 618.4 crore, beats estimates

Motherson Sumi's Q1 net profit rises to Rs 618.4 crore, beats estimates

Motherson Sumi's Q1 net profit rises to Rs 618.4 crore, beats estimates
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By Suman Singh  Aug 7, 2018 1:14:19 PM IST (Updated)

The company’s total revenue from operations for the June quarter was at Rs 14,775.5 crore.

Auto equipment manufacturer, Motherson Sumi reported net profit of Rs 618.4 crore for the quarter ended June 30, 2018, beating CNBC-TV18 poll’s estimates of Rs 529 crore.

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The net profit rose 78 percent in the first quarter of the financial year 2018-19.
The company’s total revenue from operations for the June quarter was at Rs 14,775.5 crore.
The company's Earnings Before Interest, Taxes, Depreciation and Amortization (EBITDA) was at Rs 1,412 crore in the first quarter.
The profit for the SMR segment, which is engaged in development, manufacture and supply of rearview mirrors and drive assistance systems, was at 13.1 percent, or Rs 6,404 crore.
The profit for the SMP segment of the company, which is engaged in manufacturing and supplies of plastic parts and system modules for vehicle interiors and exteriors, was at 20.3 percent, or Rs 228.2 crore.
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