You are here: Home » Reuters » News
Business Standard

Motherson Sumi Systems quarterly profit rises 6.7 percent, but lags estimates


(Reuters) - Indian Ltd posted a 6.7 percent rise in third-quarter profit on Monday, helped by a strong order book.

Net profit for the quarter ended Dec. 31, 2018 was 3.89 billion rupees ($54.65 million), compared with 3.64 billion rupees a year earlier, the Noida-headquartered company said

The net profit figure missed analysts' average estimate of a profit of 4.53 billion rupees, according to Refinitiv Eikon data.

Gross sales in the quarter rose 13.7 percent to 162.34 billion rupees.

(Reporting by in Bengaluru; Editing by Subhranshu Sahu)

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

First Published: Mon, February 11 2019. 12:31 IST