Minda Corporation consolidated net profit declines 27.75% in the March 2017 quarter

Sales rise 18.70% to Rs 752.13 crore

Net profit of Minda Corporation declined 27.75% to Rs 19.08 crore in the quarter ended March 2017 as against Rs 26.41 crore during the previous quarter ended March 2016. Sales rose 18.70% to Rs 752.13 crore in the quarter ended March 2017 as against Rs 633.64 crore during the previous quarter ended March 2016.

For the full year,net profit declined 10.42% to Rs 96.08 crore in the year ended March 2017 as against Rs 107.26 crore during the previous year ended March 2016. Sales rose 21.31% to Rs 2930.51 crore in the year ended March 2017 as against Rs 2415.79 crore during the previous year ended March 2016.

ParticularsQuarter EndedYear EndedMar. 2017Mar. 2016% Var.Mar. 2017Mar. 2016% Var.Sales752.13633.64 19 2930.512415.79 21 OPM %4.137.80 -6.069.25 - PBDT34.5651.33 -33 182.90207.25 -12 PBT12.7532.53 -61 98.18132.79 -26 NP19.0826.41 -28 96.08107.26 -10

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