Minda Industries reports 17 pct jump in net profit during Q3

Auto component maker Minda Industries Wednesday posted 17 per cent rise in profit after tax (PAT) at Rs 69 crore for December quarter 2018. The company had reported a PAT of Rs 59 crore for the same period of the previous fiscal.

Revenue from operations in the latest quarter stood at Rs 1,470 crore as compared with Rs 1,056 crore in the year-ago period, Minda Industries said in a statement. The company's board, which met Wednesday, declared an interim dividend of Rs 0.45 per share as against an interim dividend of Rs 0.40 per share in 2017-18.

"This is in line with the management's objective to gradually increase the payout," the company said. Shares of Minda Industries Wednesday settled 0.26 per cent down at Rs 284.70 apiece on BSE.