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Minda Corporation reports 7% fall in Q3 consolidated net profit

07 Feb 2020 Evaluate

Minda Corporation has reported results for third quarter ended December 31, 2019.

The company has reported a rise of 9.94% in its net profit at Rs 41.91 crore for the quarter under review as compared to Rs 38.12 crore for the same quarter in the previous year. However, total income of the company decreased by 9.38% at Rs 541.58 crore for Q3FY20 as compared Rs 597.65 crore for the corresponding quarter previous year.

On the consolidated basis, the company has reported a fall of 6.95% in its net profit at Rs 41.61 crore for the quarter under review as compared to Rs 44.72 crore for the same quarter in the previous year. Total income of the company decreased by 12.18% at Rs 686.48 crore for Q3FY20 as compared Rs 781.73 crore for the corresponding quarter previous year.

Peers
Company Name CMP
SamvardhanaMotherson 165.60
Tube Investments 2519.15
Bosch 48100.00
UNO Minda 1218.00
Bombay Burmah Trdg. 1435.30
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