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Motherson Sumi Systems today reported increase of 19.47 per cent in its consolidated net profit to Rs 76.90 crore for the quarter ended March 31, 2009, over the same period last year. It had a consolidated net profit of Rs 64.37 crore in the period ended March 2008. Total consolidated income also increased by 41.09 per cent to Rs 843.25 crore from Rs 597.65 crore in the corresponding month last year, the company said in a statement. For the financial year 2008-09, the company's consolidated net profit, however, marginally declined to Rs 176.25 crore from Rs 177.86 crore in the previous fiscal, it added. The total consolidated income during FY09 jumped by 28.66 per cent to Rs 2,639.74 crore from Rs 2,051.75 crore in FY08, the company said. The company's board has recommended a dividend of Rs 1.35 per share for 2008-09 fiscal, the statement added.

(The Hindu BusinessLine 24th august 2008) Investors with a long-term perspective can consider exposure to the Motherson Sumi stock. At the current market price of Rs 80, the stock trades at a price-earnings multiple of about 15 (estimated FY-10 earnings). Though this valuation may seem expensive when compared to other auto component players, the company’s market leadership position in the wiring harness segment and focus on the supply of higher margin assemblies and modules justifies the premium valuation the company enjoys. This, along with the foray into the non-auto segment provides visibility to the company’s earnings prospects in the next few years. Higher volumes, better realisations expected Motherson Sumi has around 65 per cent share in the domestic market in supplying wiring harness, high tension cords, wires and fuses to auto makers such as Maruti, Hyundai, Honda, Toyota, M&M and General Motors. The steady demand for passenger cars, despite a slowdown in the two-wheelers ...