Tuesday 9 February 2016

Motherson Sumi Systems posts Q3 PAT at Rs.307 crore, up 20.7%

The company reported a 20.7% increase in net profit at Rs. 307.3 crore for the third quarter that ended on December 31, 2015.


Motherson Sumi Systems Ltd has announced the following results for the quarter ended December 31, 2015.

The company reported a 20.7% increase in net profit at Rs. 307.3 crore for the third quarter that ended on December 31, 2015.

The company had reported a net profit of Rs.254.2 crore for the corresponding quarter last year, it  said in a filing to the BSE.

Total income has increased from Rs. 9,153.8 crore for the quarter ended December 31, 2014 to Rs. 9,863.4 crore for the quarter ended December 31, 2015.

On a standalone basis, the company has posted a net profit of Rs. 120.7 crore for the quarter ended December 31, 2015 as compared to Rs. 113.7 crore for the quarter ended December 31, 2014. Total Income has increased from Rs. 1241.5 crore for the quarter ended December 31, 2014 to Rs. 1270.4 crore for the quarter ended December 31, 2015.

Stock view:

Motherson Sumi Systems Ltd ended at Rs. 271.45, up by Rs. 2.8 or 1.04% from its previous closing of Rs. 268.65 on the BSE.

The scrip opened at Rs. 265 and touched a high and low of Rs. 275.1 and Rs. 264.6 respectively. A total of 1833831(NSE+BSE) shares were traded on the counter. The current market cap of the company is Rs. 35909.55 crore.

The BSE group 'A' stock of face value Rs. 1 touched a 52 week high of Rs. 395.85 on 06-Aug-2015 and a 52 week low of Rs. 217.3 on 05-Oct-2015. Last one week high and low of the scrip stood at Rs. 275.1 and Rs. 246.2 respectively.

The promoters holding in the company stood at 65.61 % while Institutions and Non-Institutions held 23.38 % and 11.01 % respectively.

The stock traded above its 200 DMA.

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