Minda Corporation standalone net profit declines 16.35% in the March 2017 quarter

Image
Capital Market
Last Updated : May 25 2017 | 4:29 PM IST

Sales rise 11.95% to Rs 200.62 crore

Net profit of Minda Corporation declined 16.35% to Rs 8.85 crore in the quarter ended March 2017 as against Rs 10.58 crore during the previous quarter ended March 2016. Sales rose 11.95% to Rs 200.62 crore in the quarter ended March 2017 as against Rs 179.21 crore during the previous quarter ended March 2016.

For the full year,net profit rose 14.46% to Rs 53.19 crore in the year ended March 2017 as against Rs 46.47 crore during the previous year ended March 2016. Sales rose 10.16% to Rs 763.69 crore in the year ended March 2017 as against Rs 693.25 crore during the previous year ended March 2016.

ParticularsQuarter EndedYear EndedMar. 2017Mar. 2016% Var.Mar. 2017Mar. 2016% Var.Sales200.62179.21 12 763.69693.25 10 OPM %7.8410.68 -10.0812.00 - PBDT13.9919.48 -28 84.0683.56 1 PBT9.0014.66 -39 64.5565.08 -1 NP8.8510.58 -16 53.1946.47 14

Powered by Capital Market - Live News

Disclaimer: No Business Standard Journalist was involved in creation of this content

*Subscribe to Business Standard digital and get complimentary access to The New York Times

Smart Quarterly

₹900

3 Months

₹300/Month

SAVE 25%

Smart Essential

₹2,700

1 Year

₹225/Month

SAVE 46%
*Complimentary New York Times access for the 2nd year will be given after 12 months

Super Saver

₹3,900

2 Years

₹162/Month

Subscribe

Renews automatically, cancel anytime

Here’s what’s included in our digital subscription plans

Exclusive premium stories online

  • Over 30 premium stories daily, handpicked by our editors

Complimentary Access to The New York Times

  • News, Games, Cooking, Audio, Wirecutter & The Athletic

Business Standard Epaper

  • Digital replica of our daily newspaper — with options to read, save, and share

Curated Newsletters

  • Insights on markets, finance, politics, tech, and more delivered to your inbox

Market Analysis & Investment Insights

  • In-depth market analysis & insights with access to The Smart Investor

Archives

  • Repository of articles and publications dating back to 1997

Ad-free Reading

  • Uninterrupted reading experience with no advertisements

Seamless Access Across All Devices

  • Access Business Standard across devices — mobile, tablet, or PC, via web or app

More From This Section

First Published: May 25 2017 | 4:16 PM IST

Next Story