Motherson Sumi net profit drops 80% to Rs 226 cr in Q3

14 Feb 2022 CW Team

Motherson Sumi Systems Ltd (MSSL), an auto component company, reported a 79.96% decline in its consolidated net profit to Rs 225.95 crore for the third quarter ended December 31.

In the same period the previous fiscal, the company had made a consolidated net profit of Rs 1,127.83 crore.

Motherson Sumi Systems Ltd (MSSL) said in a statement that total revenue from operations was Rs 16,117.51 crore in the quarter under review, compared to Rs 17,092.44 crore the year before.

These results demonstrate the company's resiliency and the efforts of teams around the world in the face of difficult market conditions.

In the quarter, the company has received the final National Company Law Tribunal (NCLT) approval, which now gives effect to the proposed re-organisation and lays the path for future growth through Motherson 2.0.

MSSL reported a net profit from continuing operations of Rs 56.44 crore in the third quarter, down from Rs 108.77 crore the previous quarter.

In the third quarter, total revenue was Rs 1,321.38 crore, compared to Rs 1,126.90 crore in the December quarter of 2020-21.

On the Bombay Stock Exchange (BSE), the company's shares were trading 2.3% lower at Rs 176.25 per share.

The Motherson Group's flagship company is Motherson Sumi Systems Limited (MSSL). It was founded in 1986, and since 1993, it has been listed on the Indian stock exchange. The company is a specialised full-system solutions provider with customers in Asia, Europe, North America, South America, Australia, and Africa in the automotive and other industries.

Image Source

Also read: Berger Paints net profit declines 8% to Rs 253 cr in Q3 FY22

Infrastructure Transport

06 Feb 2026

Lucknow Metro East-West Corridor Consultancy Contract Awarded

The Uttar Pradesh Metro Rail Corporation has awarded the first construction-related consultancy contract for the Lucknow Metro East West Corridor to a joint venture of AYESA Ingenieria Arquitectura SAU and AYESA India Pvt Ltd. The firm was declared the lowest bidder for the Detailed Design Consultant contract for Lucknow Metro Line-2 under Phase 1B and the contract was recommended following the financial bid. The contract is valued at Rs 159.0 million (mn), covering design services for the corridor. Lucknow Metro Line-2 envisages the construction of an 11.165 kilometre corridor connecting Cha..

Div Com Kashmir Urges Fast Tracking Of Jhelum Water Transport Project

The Divisional Commissioner of Kashmir has called for the fast-tracking of the Jhelum water transport project, urging district administrations and relevant agencies to accelerate planning and clearances. In a meeting convened at the divisional headquarters, the commissioner instructed officials from irrigation, public health engineering and municipal departments to prioritise the project and coordinate survey and design work. The directive emphasised removal of administrative bottlenecks and close monitoring to ensure timely mobilisation of resources and contractors. Officials were told to in..

Interarch Reports Strong Q3 And Nine Month Results

Interarch Building Solutions Limited reported unaudited results for the third quarter and nine months ended 31 December 2025, recording strong revenue growth driven by execution and a robust order book. Net revenue for the third quarter rose by 43.7 per cent to Rs 5.225 billion (bn), compared with Rs 3.636 bn a year earlier, reflecting heightened demand in pre-engineered building projects. The company’s total order book as at 31 January 2026 stood at Rs 16.85 bn, supporting near-term visibility. EBITDA excluding other income for the quarter increased by 43.2 per cent to Rs 503 million (mn),..