Motherson Sumi Wiring board approves 2:5 bonus issue

30 Sep 2022 , 11:53 AM

The bonus issue recommendation is subject to the approval of the shareholders. Motherson Sumi Wiring India is a leading and fast-growing full-system solutions provider to OEMs, in the wiring harness segment in India. Motherson Sumi Wiring India is a joint venture between Samvardhana Motherson International (SAMIL) [formerly Motherson Sumi Systems] and Sumitomo Wiring Systems (SWS). The company reported a 59.8% rise in net profit to Rs 125.96 crore on a 49.8% increase in net sales to Rs 1661.68 crore in Q1 FY23 over Q1 FY22. Shares of Motherson Sumi Wiring India rose 1.38% to Rs 85.80 on the BSE. Powered by Capital Market – Live News