Motherson Sumi Wiring India on Wednesday reported an 8.55 per cent increase in its consolidated profit after tax at Rs 165 crore for the second quarter ended September 30. The company posted a profit after tax of Rs 152 crore in the July-September quarter of the last fiscal. Its revenue increased to Rs 2,762 crore for the September quarter against Rs 2,326 crore in the year-ago period, Motherson Sumi Wiring India said in a statement. "Our ability to consistently outperform the industry is a testament to the trust our customers place in us and the dedication of our teams. The ramp-up of our Greenfield projects is underway and is aligned with the ICE and EV program ramp-up plans of our customers," Motherson Sumi Wiring India Chairman Vivek Chaand Sehgal stated. The company remains focused on delivering sustainable value to all stakeholders while maintaining our strong financial discipline and debt-free status, he added.
Nomura expects the GST cut to spark a volume surge of 5-10 per cent across categories, with passenger vehicles (PVs) and two-wheelers leading the growth.
In the past two trading days, the smallcap index has outperformed the market by gaining 2.2 per cent, as against 1.5 per cent gain recorded by the Sensex and Midcap index.
The counter surged 9.98 per cent to reach ₹43.40 during intraday deals on the NSE and continued to trade higher through the session
Stocks under ₹50: Motherson Sumi, Den Networks, Oswal Greentech, Mirc Electronics and Ambica Agarbathies can potentially zoom up to 46% from here, hint technical charts.
Motherson Sumi Wiring has fixed July 18, 2025 as 'Record Date', for the purpose of ascertaining the eligibility of shareholders entitled for issuance of bonus shares by the company.