Motherson Sumi Systems Q4 net profit jumps 62.23% at Rs 397.27 cr
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The company reported standalone net profit of Rs 397.27 crore for the quarter ended March 31, 2022 as compared to Rs 244.88 crore in the same period last year, registering a year-on-year growth of 62.23 per cent. Net revenue of the company rose substantially by 28.00 per cent at Rs 1,611.44 crore in January-March quarter of this fiscal as against Rs 1,258.89 crore in the corresponding period last year.
During January-March quarter, operating expenses increased by 29.25 per cent to Rs 1,414.94 crore from Rs 1,094.71 crore in year ago period. Other Income grew by 1592.64 per cent at Rs 383.89 crore versus (Mar'21 Rs 22.68 crore). Operating Profit surged by 23.74 per cent to Rs 215.66 crore as against Rs 174.29 crore in the year ago period, while Operating Profit Margin (OPM) contracted year-on-year to 3.32 per cent in March quarter. Interest grew by 146.78 per cent y-o-y to Rs 58.93 crore, while Taxation decreased by 13.05 per cent at Rs 42.86 crore (Mar'21 Rs 49.29 crore).
