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 Urban

10 Mar 2026

ABB to Invest Rs 6.25 Billion to Expand India Manufacturing

ABB recently announced plans to invest approximately Rs 6.25 billion ($75 million) in India during 2026 to expand its manufacturing footprint and research and development capabilities. The investment follows more than $35 million spent in 2025 and reflects the company’s continued focus on strengthening its ‘local-for-local’ strategy in the country.The investment will support ABB’s Electrification, Motion and Automation businesses and expand manufacturing capacity for infrastructure sectors such as renewable energy, metro rail, data centres and industrial applications. Approximately 300..

Six WOLFF Cranes Handle 60,000 m³ Concrete for German Hospital

Six WOLFF tower cranes are playing a key role in constructing a new hospital complex in Memmingen, Germany, supporting large-scale material handling for the project. The facility is being built on a 7.7-hectare site and will feature six floors, around 480 beds and a gross floor area exceeding 75,000 sq m.Building shell works began recently in February 2025. One WOLFF 6531.12 Cross crane supported early site preparation before being dismantled in autumn 2025, while five remaining cranes continue operations. Over an average deployment period of 16 months, the cranes are expected to move approxim..

REC Funds Rs 115.6 Million CSR Support for Bihar Eye Hospital

REC recently committed Rs 115.6 million under its Corporate Social Responsibility (CSR) programme for the procurement of clinical and non-clinical equipment at Sankara Eye Hospital in Saharsa, Bihar. The initiative aims to strengthen healthcare infrastructure and improve access to specialised eye care services in the region.A Memorandum of Agreement (MoA) was recently signed between Pradeep Fellows, Executive Director (CSR), REC Limited, and Wg Cdr V. Shankar (Retd), Trustee and Executive Director of Sankara Eye Hospital, at the REC office in the SCOPE Complex, New Delhi.The support is expecte..