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Motherson Sumi Systems posts 21 percent rise in Q2 profit


(Reuters) - Auto parts maker Systems Ltd

NS> reported a 21 percent rise in quarterly profit, missing analysts' estimate.

Net profit for the three months ending Sept. 30 rose to 4.36 billion rupees from 3.61 billion rupees a year earlier, the company said in a filing on Friday.

Net sales outside India rose nearly 36 percent to 115.66 billion rupees.

Analysts on average had expected the company to post a profit of 5.04 billion rupees, according to Thomson data.

(Reporting by Vishal Sridhar in Bengaluru; Editing by Sunil Nair)

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

First Published: Fri, November 10 2017. 13:07 IST