Motherson Sumi Wiring India Q2FY25 net profit drops 3% to Rs 152 cr
Mumbai: Motherson Sumi Wiring India reported a 3% drop in net profit to Rs 152 crore for the quarter ending September 30, 2024, compared to Rs 156 crore in the same period last year.
Revenue rose to Rs 2,326 crore from Rs 2,109 crore year-over-year.
Chairman Vivek Chaand Sehgal affirmed the company’s commitment to expansion and meeting customer needs while exploring new automotive opportunities across various powertrains.
"We will continue to enhance operational efficiencies and build on our manufacturing expertise for sustainable growth and innovation," he said.
Support Our Journalism
We cannot do without you.. your contribution supports unbiased journalism
IBNS is not driven by any ism- not wokeism, not racism, not skewed secularism, not hyper right-wing or left liberal ideals, nor by any hardline religious beliefs or hyper nationalism. We want to serve you good old objective news, as they are. We do not judge or preach. We let people decide for themselves. We only try to present factual and well-sourced news.