Minda Industries Q3 net up 37 pc at Rs 59 cr

Auto component maker Minda Industries today posted a 37 per cent increase in its consolidated net profit at Rs 59.47 crore for the third quarter ended December 2017.
The company had reported a net profit of Rs 43.51 crore for the same period of the previous fiscal.
Total revenue of the company rose to Rs 1,056.16 crore for the third quarter as against Rs 838.38 crore in the same period of the previous fiscal, Minda Industries said in a statement.
The company's board, which met today, also recommended an interim dividend of 60 per cent -- Rs 1.2 per share.