X

Motherson Sumi Wiring India Ltd Q1FY24; 2% fall in Profits

Motherson Sumi Wiring India, a JV between Sumitomo Wiring System and Motherson Group, is a market leader in the Indian wiring harness industry with a market share of over 40%.

Financial Results:

Motherson Sumi Wiring India Ltd reported Revenues for Q1FY24 of ₹1,859.00 Crores up from ₹1,671.00 Crore year on year, a rise of 11.25%.

Total Expenses for Q1FY24 of ₹1,707.00 Crores up from ₹1,503.00 Crores year on year, a rise of 13.57%.

Consolidated Net Profit of ₹123.00 Crores down 2.38% from ₹126.00 Crores in the same quarter of the previous year.

The Earnings per Share is ₹0.28, from ₹0.28 in the same quarter of the previous year.

*It is important to note that the way the results have been accounted for are slightly different than the ones the companies may choose to publish.

*The presented data is automatically generated. It may occasionally generate incorrect information.

Tags: Wiring
Related Post