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Minda Industries reports 39% fall in Q4 consolidated profit

Minda Industries reports 39% fall in Q4 consolidated profit

Minda Industries has reported results for fourth quarter and year ended March 31, 2019. The company has reported a rise of 20.19% in its net profit at Rs 43.57 crore for the quarter under review as compared to Rs 36.25 crore for the same quarter in the previous year. Total income of the company increased by 8.13% at Rs 551.71 crore for Q4FY19 as compared Rs 510.24 crore for the corresponding quarter previous year.

On the consolidated basis, the company has reported a fall of 39.42% in its net profit at Rs 84.78 crore for the quarter under review as compared to Rs 139.95 crore for the same quarter in the previous year. However, total income of the company increased by 8.41% at Rs 1,499.53 crore for Q4FY19 as compared Rs 1,383.26 crore for the corresponding quarter previous year.

For the year ended March 31, 2019, the company has reported a rise of 6.97% in its net profit at Rs 145.30 crore as compared to Rs 135.83 crore for the previous year. Total income of the company increased by 10.53% at Rs 2,146.72 crore for year under review as compared to Rs 1,942.19 crore for year ended March 31, 2018.

For the year ended March 31, 2019, on the consolidated basis, the company has reported a marginal rise of 2.61% in its net profit at Rs 339.48 crore as compared to Rs 330.86 crore for the previous year. Total income of the company increased by 29.54% at Rs 5,935.12 crore for year under review as compared to Rs 4,581.64 crore for year ended March 31, 2018.

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