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Minda Industries Q1 net profit up 77 pc at Rs 81 cr

Press Trust of India  |  New Delhi 

component maker today posted a 77.46 per cent increase in its consolidated net profit at Rs 80.50 crore for the first quarter ended June 30.

The company had reported a net profit of Rs 45.36 crore for the same period of the previous fiscal.

Total income of the company rose to Rs 1,436.32 crore for the first quarter, as compared with Rs 1,031.75 crore in the April-June quarter of 2017-18, said in a regulatory filing.

Last month, the company formed a joint venture (JV) with Japan's Kosei Group to manufacture moulds for alloy wheels.

Shares of today ended 1.26 per cent up at Rs 423.55 apiece on the

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Wed, August 08 2018. 18:20 IST