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Motherson Sumi March-quarter profit rises 20 percent, beats estimates


- India-based auto parts maker Systems Ltd posted a better-than-expected 20 percent growth in March-quarter consolidated net profit, buoyed by higher sales in

Consolidated net profit stood at 7.06 billion rupees ($108.81 million) in the quarter ended March 31, compared with 5.87 billion rupees a year earlier.

Analysts on average had expected a consolidated net profit of 4.70 billion rupees, according to Thomson data.

Sumi's net sales outside rose over 14 percent to 94.76 billion rupees.

($1 = 64.8825 rupees)

(Reporting by Krishna V Kurup; Editing by Sherry Jacob-Phillips)

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)