Motherson Wiring shares surge 13% as Q2 profit rises 35%
Revenue rose 47% to ₹4,054 crore on higher vehicle content and new models, though materials costs grew faster.
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Motherson Sumi Wiring India shares rose as much as 13% to ₹39.70 on the BSE on Monday, The Economic Times reported.
Net profit rose 35% to ₹223.37 crore in the September quarter, Autocar Professional reported.
Revenue from operations rose 47% to ₹4,053.83 crore, while materials costs rose 55%.