Net sales of the company stood at Rs 6,277.24 crore during the first quarter ended June 30, 2012. It stood at Rs 2,271.57 crore during the same period of 2011-12 fiscal.
The company said figures of the current quarter are not comparable with those of the corresponding period of previous fiscal due to company's acquisition of stake in Peguform GmBh and Peguform Iberica on November 23, 2011.
The company's board, which met today, recommended issue of bonus shares in the ratio of 1:2, 1 share for 2 shares held, subject to the approval of the shareholders.
Shares of Motherson Sumi Systems were trading at Rs 172 on the BSE in late afternoon trade, up 5.59% from its previous close.