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MICO: An overview

(Dec 19, 2003)

Motor Industries Company Limited (MICO), a member of the Bosch Group (Germany), is the country's leading manufacturer of automotive Spark Plugs and Diesel Fuel Injection Equipment. In addition, MICO also manufactures Industrial Equipment, Auto Electricals and Hydraulic Gear Pumps for tractor applications.

MICO: Profits plummet

(Oct 29, 2001)

The slowdown in the economy and sluggish auto volumes have had a significant impact on the third quarter results of Motor Industries Company (MICO). While sales have dropped by 11% for 3QFY02, profits have plummeted by 41% on account of a sharp fall in operating margins.

Motor Industries net declines 52% YoY

(Apr 30, 2001)

Motor Industries Company Ltd (MICO),sales grew by 6% YoY in 1QFY02 to Rs 4,363 m. However, as the operating expenditure grew by 6.2% YoY during this period the company's operating margins dipped to 15.5% in 1QFY02.

Motor Industries Company Ltd net down 22%

(Nov 6, 2000)

The company's sales have grown by 9% YoY in the 2QFY01 to Rs 4,163 m. However, as the operating expenditure grew by 12.3% YoY during this period the company's operating margins have declined to 16.7% in the 2QFY01.

MICO has reported a net profit growth of 51% for FY2000.

(Mar 24, 2000)

MICO has reported a net profit of Rs 1,058 m in FY2000, a growth of 51.4% YOY. Its operating margins have improved from 16% in FY99 to 17% in FY2000

MICO third quarter net jumps 69%

(Nov 1, 1999)

Motor Industries Company Limited (MICO) has reported an impressive 69% jump in its net profit to Rs 316 m in 3QFY2000. Sales was up by 18% to Rs 3.8 bn during the period.

Sundaram Brake net zooms 67% in 1HFY2000

(Oct 20, 1999)

Sundaram Brake Linings has reported net profit of Rs 38 m (up 67% year on year) in 1HFY2000. This was reported by a leading financial daily.

MICO: Auto recovery drives growth in bottomline

(Jul 26, 1999)

MICO has declared sales of Rs 3.8 bn (up 18.6% YoY) and a net profit of Rs 86.8 mn (up 265% YoY) for the second quarter ending 30th June 1999.

MICO to buy back 200,000 shares from public

(Jun 8, 1999)

In a bid to boost its holding in MICO, German auto component major Robert Bosch GmbH has proposed a buy back of close to 200,000 shares in MICO, its Indian subsidiary.

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