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09-Aug2018

Minda Corporation reports 63% rise in Q1 consolidated net profit

Minda Corporation has reported results for first quarter ended June 30, 2018.

The company has reported 2-fold jump in its net profit of Rs 16.89 crore for the quarter under review as compared to Rs 8.38 crore for the same quarter in the previous year. Total income of the company increased by 31.07% at Rs 267.36 crore for Q1FY19 as compared Rs 203.98 crore for the corresponding quarter previous year.

On the consolidated basis, the company has reported a rise of 63.29% in its net profit of Rs 37.59 crore for the quarter under review as compared to Rs 23.02 crore for the same quarter in the previous year. Total income of the company increased by 25.11% at Rs 782.91 crore for Q1FY19 as compared Rs 625.79 crore for the corresponding quarter previous year.


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