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Minda Corporation reports 6% rise in Q2 consolidated net profit

Minda Corporation has reported results for second quarter ended September 30, 2018.

The company has reported a rise of 56.55% in its net profit at Rs 45.18 crore for the quarter under review as compared to Rs 28.86 crore for the same quarter in the previous year. Total income of the company increased by 33.25 % at Rs 341.04 crore for Q2FY19 as compared Rs 255.94 crore for the corresponding quarter previous year.

On the consolidated basis, the company has reported a rise of 5.99% in its net profit at Rs 44.58 crore for the quarter under review as compared to Rs 42.06 crore for the same quarter in the previous year. Total income of the company increased by 19.40% at Rs 784.61 crore for Q2FY19 as compared Rs 657.13 crore for the corresponding quarter previous year.

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