Motherson Sumi Systems Limited Reports Strong Q3 2018 Results; Revenue Up By 36%

By Archana
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    Motherson Sumi Systems Limited (MSSL) announced financial results for the third quarter of 2018 (Q3 2018).

    Motherson Sumi Systems Limited Reports Strong Q3 2018 Results; Revenue Up By 36%

    The company posted quarterly consolidated revenues of Rs 14,271 crore, up by 36 percent for Q3 2018 and consolidated EBITDA of Rs 1,386 crore, up by 21 percent for Q3 2018 as against revenues of Rs 10,514 crore for Q3 2017 and EBITDA of Rs 1,145 crore for Q3 2017.

    The company reported that revenues in India grew by 20 percent during the third quarter of 2018. It reported PBT (profit before tax) of Rs 905 crore during Q3 2018 as against Rs 819 crore during Q3 2017, an increase of 11 percent.

    Mr. Vivek Chaand Sehgal, Chairman, MSSL said, "The momentum towards growth continues in our third quarter. Customer confidence remains high, and with new plants being commissioned or underway, the outlook remains positive. Teams across countries and divisions have performed really well, and we remain grateful to our customers for their continued trust and support."

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