Minda Industries Q1 net profit up 77 pc at Rs 81 cr
Auto component maker Minda Industries today posted a 77.46 percent increase in its consolidated net profit at Rs 80.50 crore for the first quarter ended June 30.
The company had reported a net profit of Rs 45.36 crore for the same period of the previous fiscal.
Total income of the company rose to Rs 1,436.32 crore for the first quarter, as compared with Rs 1,031.75 crore in the April-June quarter of 2017-18, Minda Industries said in a regulatory filing.
Last month, the company formed a joint venture (JV) with Japan's Kosei Group to manufacture molds for alloy wheels.
Shares of Minda Industries today ended 1.26 percent up at Rs 423.55 apiece on the BSE.
(This story has not been edited by Devdiscourse staff and is auto-generated from a syndicated feed.)