Minda Corporation profit up 5.8% with Rs 44.6 crore in Q2 FY19
The automotive component manufacturer reports a 25.4 percent rise in revenue in the first half of FY2019.
Minda Corporation, one of the leading automotive component manufacturing companies in India and the flagship company of Spark Minda and Ashok Minda group, reported its financial results for Q2 FY2019 and H1 FY2019. As per the report, the company has reported a revenue of Rs 773.3 crore, a YoY increase of 18.1 percent.
The company has reported a net profit of 5.8 percent with Rs 44.6 crore in Q2 FY19 (Rs 42.1 crore; Q2 FY18). Their EBITDA came at Rs 82.3 crore with a margin of 10.6 percent.
In the first half of FY2019, Minda Corporation reported a revenue of Rs 1,551.6 crore, which amounted to a YoY increase of 25.4 percent. In the same period, they reported a profit of Rs 82.2 crore, as opposed to 65.1 crore in FY2018, an increase of 5.3 percent. The EBITDA for H1 FY19 was reported at Rs 155.4 crore with a margin of 10 percent.
RELATED ARTICLES
VinFast’s second plant in Vietnam goes on stream ahead of India factory
Vietnamese EV maker’s second plant in its home market, which has a 200,000 EVs-per-annum capacity, will focus on produci...
Continental exits TBR market in India, shifts focus to car and SUV radials
German tyre manufacturer aims to tap the double-digit market growth opportunity for big SUV and luxury car tyres which w...
New ZF SELECT e-drive platform gives EV makers a choice in 100 to 300 kW range
Modular e-drive platform optimally matches 800-volt overall system and components such as the electric motor and power e...