Motherson Sumi Systems Ltd has posted a net profit of Rs. 81.40 mn for the quarter ended June 30, 2012 where as the same was at Rs. 652.70 mn for the quarter ended June 30, 2011.
Total Income is Rs. 63918.30 mN for the quarter ended June 30, 2012 where as the same was at Rs. 23035.10 mn for the quarter ended June 30, 2011.
The Company, through its subsidiary Samvardhana Motherson Polymers Limited (SMPL) and Samvardhana Motherson Global Holdings Limited (SMGHL), completed the acquisition of 80% stake in Peguform GmbH and Peguform Iberica, SL including subsidiaries and joint ventures together with 50% stake in Wethje Entwicklungs, GmbH and Wethje Carbon Composite, GmbH (together referred to as SMP Group) on November 23, 2011 (the completion date).
The Company and Samvardhana Motherson Finance Limited (SMFL) holds directly & indirectly 51% and 49% respectively in SMPL and SMGHL under Joint Venture agreements. The consolidated results include financial results of these acquired entities from the completion date, hence the figures are not strictly comparable with previous periods.