New Delhi, Feb 8 (PTI) Auto components maker Samvardhana Motherson International Ltd on Wednesday reported a consolidated net profit from continuing operations at Rs 500.73 crore in the December quarter.

The company had posted a consolidated net profit from continuing operations of Rs 225.95 crore in the year-ago period, Samvardhana Motherson International Ltd (SAMIL) said in a regulatory filing.

Also Read | Education Ministry Says No Proposal To Convert Existing Institute, Varsity Into Central University.

Consolidated total revenue from continuing operations stood at Rs 20,226.21 crore. It was at Rs 16,117.51 crore a year ago, it added.

Total expenses were at Rs 19,615.35 crore as against Rs 15,903.78 crore in the year-ago period.

Also Read | Punjab State Dear Mahashivratri Bumper Lottery 2023: Know Prize Money, Draw Result Date And Other Details.

The company said the results for the current quarter are not fully comparable with those for the earlier period due to the impact of a scheme, which included the demerger of the domestic wiring harness business.

"These results demonstrate strong fundamentals of the company and continued focus on operational efficiencies," Motherson Chairman Vivek Chaand Sehgal said.

Further, he said, "With further improvement expected in business environment, we are poised to deliver greater value to our stakeholders."

(The above story is verified and authored by Press Trust of India (PTI) staff. PTI, India’s premier news agency, employs more than 400 journalists and 500 stringers to cover almost every district and small town in India.. The views appearing in the above post do not reflect the opinions of LatestLY)