The company had posted a net profit of Rs 20.2 crore during the same period of previous fiscal.
Total revenue rose to Rs 695.4 crore for the first quarter, as compared to Rs 528.1 crore during the same period of previous fiscal, Minda Corporation said in a statement.
"The automobile industry is poised for growth in the near term due to factors such as the seventh pay commission payouts, upcoming festival season and a revival in the general economy," Minda Corp Chairman and Group CEO Ashok Minda said.
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