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Minda Corporation Ltd Q2FY24; 2% rise 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 Q2FY24 of ₹1,196.00 Crores up from ₹1,147.00 Crore year on year, a rise of 4.27%.
  • Total Expenses for Q2FY24 of ₹1,121.00 Crores up from ₹1,067.00 Crores year on year, a rise of 5.06%.
  • Consolidated Net Profit of ₹59.00 Crores up 1.72% from ₹58.00 Crores in the same quarter of the previous year.
  • The Earnings per Share is ₹2.46, up 1.65% from ₹2.42 in the same quarter of the previous year.
Tags: automotive
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