Minda Corporation has reported results for the first quarter ended June 30, 2020.
The company has reported a net loss of Rs 28.72 crore for the quarter under review against net profit of Rs 28.25 crore for the same quarter in the previous year. Total income of the company decreased by 68.79% at Rs 178.13 crore for Q1FY21 as compared Rs 570.83 crore for the corresponding quarter previous year.
On the consolidated basis, the company has reported a net loss of Rs 35.40 crore for the quarter under review against net profit of Rs 21.20 crore for the same quarter in the previous year. Total income of the company decreased by 68.40% at Rs 186.83 crore for Q1FY21 as compared Rs 591.20 crore for the corresponding quarter previous year.
