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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.

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