Minda Industries surges 10%, hits record high on strong Q2 performance

With the demand uptick in key markets, and expected easing off of the Covid-19 and semi-conductor situation globally, the company is confident that the uptrend in growth trajectory will resume

Shares of Minda Industries rallied 10 per cent to hit a record high of Rs 944.25 on the BSE in Friday's intra-day trade after the company reported a consolidated profit after tax (PAT) of Rs 113 crore in the September quarter (Q2FY22) on the back of healthy operational performance.

The auto parts & equipment company had posted PAT of Rs 25 crore in June quarter (Q1FY22) and of Rs 100 crore in the year-ago quarter (Q2FY21). The stock surpassed its previous high of Rs 844, touched on November 9, 2021.

In Q2FY22, the company's revenue from operations grew