Minda Corporation standalone net profit declines 16.35% in the March 2017 quarter

Sales rise 11.95% to Rs 200.62 crore

Net profit of Minda Corporation declined 16.35% to Rs 8.85 crore in the quarter ended March 2017 as against Rs 10.58 crore during the previous quarter ended March 2016. Sales rose 11.95% to Rs 200.62 crore in the quarter ended March 2017 as against Rs 179.21 crore during the previous quarter ended March 2016.

For the full year,net profit rose 14.46% to Rs 53.19 crore in the year ended March 2017 as against Rs 46.47 crore during the previous year ended March 2016. Sales rose 10.16% to Rs 763.69 crore in the year ended March 2017 as against Rs 693.25 crore during the previous year ended March 2016.

ParticularsQuarter EndedYear EndedMar. 2017Mar. 2016% Var.Mar. 2017Mar. 2016% Var.Sales200.62179.21 12 763.69693.25 10 OPM %7.8410.68 -10.0812.00 - PBDT13.9919.48 -28 84.0683.56 1 PBT9.0014.66 -39 64.5565.08 -1 NP8.8510.58 -16 53.1946.47 14

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