<p> Auto component manufacturer Motherson Sumi Systems on Tuesday reported a 2.7 per cent rise in consolidated net profit at Rs 387.93 crore for the second quarter ended September 30.</p>.<p>The company had posted a net profit of Rs 377.73 crore in the July-September period of previous fiscal.</p>.<p>Total revenue from operations, however, declined to Rs 14,957.21 crore during the quarter under review as against Rs 15,259.74 crore in the year-ago period, Motherson Sumi Systems Ltd (MSSL) said in a statement.</p>.<p>The company said that around 80 per cent of its facilities are running at over 75 per cent capacity, indicating that things have come back to near normal.</p>.<p>With improved operating performance and debt repayments, net debt reduced from Rs 9,083 crore to Rs 7,512 crore between June 30, 2020 to September 30, 2020, it said.</p>.<p>Further, liquidity also enhanced from Rs 10,037 crore to Rs 11,629 crore between June 30 to September 30 this year, it added.</p>.<p>"Global automotive industry is on a path to recovery in the post-Covid world. We are seeing a surge in demand across the globe. Our teams are geared up to fulfil the demands of our customers," MSSL Chairman Vivek Chaand Sehgal said.</p>.<p>The company believes that strong traction will continue to be there in the upcoming quarters, he added.</p>.<p>"Operational improvements done by our teams across the globe have resulted in improved performance of our plants. Above all, the health of our employees remains our top priority," Sehgal said.</p>.<p>MSSL shares ended 3.58 per cent higher at Rs 127.40 apiece on Tuesday.</p>
<p> Auto component manufacturer Motherson Sumi Systems on Tuesday reported a 2.7 per cent rise in consolidated net profit at Rs 387.93 crore for the second quarter ended September 30.</p>.<p>The company had posted a net profit of Rs 377.73 crore in the July-September period of previous fiscal.</p>.<p>Total revenue from operations, however, declined to Rs 14,957.21 crore during the quarter under review as against Rs 15,259.74 crore in the year-ago period, Motherson Sumi Systems Ltd (MSSL) said in a statement.</p>.<p>The company said that around 80 per cent of its facilities are running at over 75 per cent capacity, indicating that things have come back to near normal.</p>.<p>With improved operating performance and debt repayments, net debt reduced from Rs 9,083 crore to Rs 7,512 crore between June 30, 2020 to September 30, 2020, it said.</p>.<p>Further, liquidity also enhanced from Rs 10,037 crore to Rs 11,629 crore between June 30 to September 30 this year, it added.</p>.<p>"Global automotive industry is on a path to recovery in the post-Covid world. We are seeing a surge in demand across the globe. Our teams are geared up to fulfil the demands of our customers," MSSL Chairman Vivek Chaand Sehgal said.</p>.<p>The company believes that strong traction will continue to be there in the upcoming quarters, he added.</p>.<p>"Operational improvements done by our teams across the globe have resulted in improved performance of our plants. Above all, the health of our employees remains our top priority," Sehgal said.</p>.<p>MSSL shares ended 3.58 per cent higher at Rs 127.40 apiece on Tuesday.</p>