Home / Companies / Company-results /  Minda Corp. Q2 net up 8% to Rs42 crore

New Delhi: Auto component maker Minda Corp. has reported a 7.9% increase in its net profit at Rs42.1 crore for the September quarter of the current fiscal.

The company had posted a net profit of Rs39 crore during the same period of the previous fiscal, Minda Corporation said in a statement.

Revenue during the period increased 10.9% to Rs655 crore from Rs590.8 crore in the year ago quarter.

“During the previous quarter, we have seen a positive movement towards a more stabilised GST regime resulting in steady growth of business," Minda Corp. chairman and Group chief executive officer (CEO) Ashok Minda said.

The company’s stock closed 7.94% up at Rs154.95 apiece on BSE on Monday.

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