A growing company which name is Motherson Sumi Systems Limited. The company of the growth is touching the sky every year. This is one of the most prominent and established companies which is earning so much every year. In the Quarter of the year, the company managed to surges the Net worth to 713.6 crores. The company is doing great and earning more profit than the previous year. Motherson Groups is one of the highest speed growing companies. The company is collecting more and more profit every year. In this article, the viewers will get to know more about this company and its profit and revenue.
Motherson Sumi Q4 Results 2021
On Saturday, Motherson Sumi Systems announced they have collected a net profit of 713.6 crores in the Quarter of the year (till March). The profit of this quarter year is 289% more than the same quarter last year. The company has a consolidated net profit of 183.4 crores in the same quarter last year which is a 289% less than from this year. This year, the company earned 16,971.8 crores of revenue from the operations which are more than 17.6 percent. The company has collected a higher amount than the analyst’s estimates. The company’s board also authorized the dividends worth Rs 1.5 for March 2021.
Talking about the company, the company was founded by Smt. S.L. Sehgal and Vivek Chaand Sehgal on January 01, 1986. This company also a part of the Motherson Group. It is a joint venture between Sumitomo Wiring Systems Ltd. (SWS) of Japan and Samvardhana Motherson International Ltd of India. The company entered the list of BSE and NSE in 1993 and India. Motherson Sumi Systems is the world’s largest manufacturers of rearview mirrors for passengers car and wiring harnesses for commercial vehicles. This company also a prominent supplier of plastic components and modules in India and Europe.
This is one of the largest manufacturers of automotive wiring harnesses and mirrors for cars, especially for passenger cars. As per the report of Forbes, this company was ranked in the top 50 Fab companies in India. The company has become the largest auto parts provider all over India. According to Automotive News, it is placed in the 21st position among global automotive suppliers. The company has a revenue of US$9.1 billion along with the subsidiaries, as of March 2018-19. The company consolidated a net profit of 713 crores in March 2021.