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    HomeNewsBusinessEarningsMinda Corporation Q2 net up 8% to Rs 42 cr

    Minda Corporation Q2 net up 8% to Rs 42 cr

    The company had posted a net profit of Rs 39 crore during the same period of the previous fiscal, Minda Corporation said in a statement.

    PTI
    November 13, 2017 / 16:23 IST
    We are in the last phase of the September quarter earnings season, and the results announced by the BSE 500 companies so far have shown signs of a sharp recovery, as compared to the June quarter, when the economic activity in the country was compromised due to lockdown in various regions. From the BSE 500 list, 216 companies have announced their September quarter results so far. We excluded banking and financial companies.  Along with the index stocks we also analyse each sector quarterly earnings. (Data Source: ACE Equity)

    Auto component maker Minda Corporation has reported a 7.9 per cent increase in its net profit at Rs 42.1 crore for the September quarter of the current fiscal.

    The company had posted a net profit of Rs 39 crore during the same period of the previous fiscal, Minda Corporation said in a statement.

    Revenue during the period increased 10.9 per cent to Rs 655 crore from Rs 590.8 crore in the year ago quarter.

    "During the previous quarter, we have seen a positive movement towards a more stabilised GST regime resulting in steady growth of business," Minda Corporation Chairman and Group CEO Ashok Minda said.

    The company's stock closed 7.94 per cent up at Rs 154.95 apiece on BSE today.

    PTI
    first published: Nov 13, 2017 04:20 pm

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