Motherson Sumi Systems Limited (MSSL) today announced financial results for first quarter from April- June, 2016 with highest ever revenue in a single quarter with 10,352 crores.
The net profit from the first quarter was Rs 303 crores, which was up 13% compared to the same quarter in 2015.
MSSL said that this has been their highest ever revenue in a single quarter. The revenue grew by 16% quater to quarter.
The revenue for first quarter in the previous year stood at INR 8,915 Cr. and profit after taxes of INR 267 Cr.
Mr. Vivek Chaand Sehgal, MSSL’s Chairman said, “The revenues for first quarter of Fiscal 2016-17 have been our best ever. We have double digit growth on both revenues and profits. It reflects the tremendous momentum we have in our organic growth, propelling us towards our 2020 targets.”