Credit rating agency India Ratings and Research has awarded its top AAA rating to Motherson Sumi Systems, the auto components manufacturer said. Ind-Ra, a unit of global rating agency Fitch, took into consideration the company’s strong trackrecord and diversified client-based to issue the rating. “MSSL’s diversified customer base and product profile, strong track record of […]
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 […]
Motherson Sumi Systems Limited (MSSL) said first-quarter revenue rose 12% to Rs 9,252 Cr and net profit rose 62% to Rs 266 Cr from a year ago. The company’s subsidiary SMP has been nominated in the Volkswagen Group Procurement Strategic Partners for Future Automotive Supply Tracks, it said. Its unit SMRPBV reported revenue growth of […]
