Breaking News

You are here » Indian-Commodity  :  Top News  :  Minda Corporation reports 78% surge in Q3 consolidated net profit

13-Feb2018

Minda Corporation reports 78% surge in Q3 consolidated net profit

Minda Corporation has reported results for third quarter ended December 31, 2017.

The company has reported 8.62% fall in its net profit at Rs 16.33 crore for the quarter under review as against to Rs 17.87 crore for the same quarter in the previous year. However, total income of the company increased by 18.63% to Rs 251.10 crore for Q3FY18 as compared Rs 211.67 crore for the corresponding quarter previous year. 

On consolidate basis, the company has reported 77.96% surge in its net profit after tax at Rs 37.87 crore for the quarter ended December 31, 2017 as compared to Rs 21.28 crore for the corresponding quarter in the FY17. Total consolidated income of the company increased by 13.26% at Rs 638.96 crore for quarter under review as compared to Rs 564.14 crore for the same quarter ended previous year.


Related News

View all news

Gold futures end higher on Tuesday

Gold futures ended higher on Tuesday, rising to a one-week high, as the US dollar depreciated against other currencies after U.S President Donald Trump criticized the Federal Reserve for raising interest......

Crude oil futures end higher as investors watch Iranian sanctions

Magnifying gains for fourth straight session, Crude oil futures ended higher on Tuesday, as investors watched US sanctions against Iran for the potential to disrupt global supplies.  US sanctions......

Mentha oil futures trade higher on pick-up in demand

Mentha oil futures traded higher on MCX, as participants increased their bets amid pick-up in demand from consuming industries at the spot market. Besides, tight stocks position on restricted supplies......

Top News

View all news

IDBI Bank sells 3.90% stake in NSDL

IDBI Bank has sold 15,60,000 equity shares constituting 3.90% of the paid up capital of National Securities Depository (NSDL) on August 21, 2018.IDBI Bank is the youngest, new generation public sector......

Motilal Oswal Financial Services transfers lending business to WOS Company

Motilal Oswal Financial Services has transferred the lending business by way of a slump sale on a going concern basis, to its wholly owned subsidiary (WOS), Motilal Oswal Capital Markets (MOCML) as contemplated......

ICRA upgrades ratings assigned to Sterlite Technologies' NCDs

Credit rating agency, ICRA has upgraded its rating on the non-convertible debenture (NCDs) programme and long-term rating for the line of credit (LOC) of Sterlite Technologies to 'AA' from 'AA-' and reaffirmed......