Minda Corp Q2 Results: Net profit jumps 68% to Rs 143 crore on strong revenue growth
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- ✓Minda Corporation Ltd reported a 68.2 per cent jump in net profit to Rs 143 crore for the second quarter.
- ✓Revenue rose 42.6 per cent to Rs 2,189 crore.
- ✓Chairman Ashok Minda said, "Q2 and H1FY27 reflected continued progress in our long-term growth strategy." Electric vehicle products drove new orders.
Story at a Glance
- Category
- BUSINESS
- Reported By
- Economic Times
- Reading Speed
- 2 Minute(s)
- Market Focus
- India Economy
Minda Corporation Ltd has reported a significant 68.2% year-on-year increase in consolidated net profit for Q2. Revenue from operations also increased by 42.6% year-on-year, reaching Rs 2,189 crore. The company's Chairman highlighted continued progress in their growth strategy across key vehicle segments. Electric vehicle-related products contributed around 35% of new order wins during this quarter. Minda plans to enhance its product offerings and invest in R&D and manufacturing capabilities.
Auto component major Minda Corporation Ltd reported a 68.2 per cent year-on-year increase in consolidated net profit to Rs 143 crore in the second quarter of the current fiscal, driven by strong revenue growth.
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Economic Times
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