InvestorQ : What is your view on the quarterly results of Motherson Sumi for the Sep-20 quarter?
prachi Patwardhan made post

What is your view on the quarterly results of Motherson Sumi for the Sep-20 quarter?

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sara Kunju answered.
3 weeks ago
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Motherson Sumi Systems, India’s largest auto ancillary company, reported 2.7% increase in net profits at Rs.388 crore for the Sep-20 quarter. In terms of top line, the company reported marginally lower by 2% at Rs.14,957 crore.

The company reduced its net debt from Rs.9083 crore to Rs.7512 crore in the last one quarter. Operational improvements resulted in improved performance at most of the plants. The stock reacted positively to the results.
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