Take the pledge to vote

For a better tommorow#AajSawaroApnaKal
  • I agree to receive emails from News18

  • I promise to vote in this year's elections no matter what the odds are.
  • Please check above checkbox.

    SUBMIT

Thank you for
taking the pledge

Vote responsibly as each vote counts
and makes a diffrence

Disclaimer:

Issued in public interest by HDFC Life. HDFC Life Insurance Company Limited (Formerly HDFC Standard Life Insurance Company Limited) (“HDFC Life”). CIN: L65110MH2000PLC128245, IRDAI Reg. No. 101 . The name/letters "HDFC" in the name/logo of the company belongs to Housing Development Finance Corporation Limited ("HDFC Limited") and is used by HDFC Life under an agreement entered into with HDFC Limited. ARN EU/04/19/13618
»
1-min read

Minda Industries Q2 Net Profit Surges 77% to Rs 67 Crore

Revenue from operations during the quarter under review was up 12.22 percent at Rs 1,098.35 crore as against Rs 978.68 crore in the corresponding quarter last fiscal.

PTI

Updated:November 13, 2017, 12:50 PM IST
facebookTwitterskypewhatsapp
Minda Industries Q2 Net Profit Surges 77% to Rs 67 Crore
Image used for representational purpose. (Photo: Reuters)
Loading...

Auto component maker Minda Industries today reported 77.61 percent jump in consolidated net profit after tax to Rs 66.82 crore for the second quarter ended September 30. The company had posted consolidated profit after tax of Rs 37.62 crore in the July-September period of last fiscal, Minda Industries said in a BSE filing.

Revenue from operations during the quarter under review was up 12.22 percent at Rs 1,098.35 crore as against Rs 978.68 crore in the corresponding quarter last fiscal. The company's total expenses in Q2 FY 2017-18 stood at Rs 1,006.31 crore, up 8.43 percent, as against Rs 927.99 crore.

Meanwhile, in a separate filing, Minda Industries informed that the board of directors in its meeting held today approved a purchase of 49 percent shares of Fujitsu Ten Minda Private Limited (F Ten Minda) and 51 percent shares of Minda F Ten Private Limited (Minda F Ten) from group companies.

"JV partner, Fujitsu Ten, Japan will continue to hold the balance shares in both the companies. SPA is expected to be completed by January 01, 2018," it added. F Ten Minda is engaged in business development and manufacturing of car infotainment system and had a revenue of Rs 308 crore in FY17. "The total purchase consideration for both the companies will be Rs 26.03 crore," it added.

Also Watch: All-New Ford EcoSport | First Drive Review | Cars18

| Edited by: Ayushmann Chawla
Read full article
Loading...
Next Story
Next Story

Also Watch

facebookTwitterskypewhatsapp

Live TV

Loading...
Countdown To Elections Results
To Assembly Elections 2018 Results