Categories AlphaGraphs, Automobile

Minda Corporation Ltd Q1FY24; 13% fall in Profits

Minda Corporation Ltd is one of the leading automotive component manufacturing companies in India with a pan-India presence and international footprint.
It is the flagship company of Spark Minda, which was part of the erstwhile Minda Group.

Financial Results:

Minda Corporation Ltd reported Revenues for Q1FY24 of ₹1,075.00 Crores up from ₹1,010.00 Crore year on year, a rise of 6.44%.

Total Expenses for Q1FY24 of ₹1,013.00 Crores up from ₹944.00 Crores year on year, a rise of 7.31%.

Consolidated Net Profit of ₹45.00 Crores down 13.46% from ₹52.00 Crores in the same quarter of the previous year.

The Earnings per Share is ₹1.89, down 14.09% from ₹2.20 in the same quarter of the previous year.

*It is important to note that the way the results have been accounted for are slightly different than the ones the companies may choose to publish.

*The presented data is automatically generated. It may occasionally generate incorrect information.

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