Noida-based auto parts maker Motherson Sumi (which is in nine stock screeners today including top losers) released results showing a miss of the consensus estimates for its September quarter. Net profits fell to Rs. 371 crore, a decline of 15% versus estimates of Rs. 509 crore. Margins fell 8.6% compared to 9.1% the same quarter last year.
Mahindra & Mahindra (M&M) declined despite a beat of estimates. Net profit for the company is up 26% YoY to Rs 1,779 crore versus an estimate of Rs 1,325 crore. However operating margin fell as expected from 16% to 14.5%. For all results click here.