For the Mar-20 quarter, Motherson Sumi reported 68% lower net profits at Rs.136 crore, which is hardly surprising considering the pain in the auto sector and the disruption in ancillaries segment. For the Mar-20 quarter, the revenues were also lower by 12% at Rs.15,159 crore. EBIT was higher implying that operationally the company is still doing well. The good news is on the leverage front with Motherson’s net debt coming down by nearly Rs.1000 crore to Rs.6917 crore. As an added advantage, the company has cash of Rs.4873 in its books, which is a huge cushion.