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Minda Corporation posts consolidated loss after tax of Rs 300 cr in Q4

The company had posted a consolidated profit after tax of Rs 41.92 crore in the corresponding period of the previous financial year, Minda Corporation said in a regulatory filing

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Revenue from operations during the quarter stood at Rs 697.93 crore as against Rs 771.39 crore in the year-ago period

Press Trust of India New Delhi
Auto components maker Minda Corporation Ltd on Wednesday reported a consolidated loss after tax of Rs 299.77 crore in the fourth quarter ended March 31, on account of impairment charges of one of its arms that has filed for insolvency.
The company had posted a consolidated profit after tax of Rs 41.92 crore in the corresponding period of the previous financial year, Minda Corporation said in a regulatory filing.
The company said its board of directors on Wednesday decided to withdraw financial support to its wholly-owned subsidiary Minda KTSN Plastic Solutions GmbH Co & KG, Germany (MKTSN), pursuant to which MKTSN has

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First Published: Jul 15 2020 | 8:56 PM IST

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