Home / Companies / News / Minda Corporation posts consolidated loss after tax of Rs 300 cr in Q4

Minda Corporation posts consolidated loss after tax of Rs 300 cr in Q4

The company had posted a consolidated profit after tax of Rs 41.92 crore in the corresponding period of the previous financial year, Minda Corporation said in a regulatory filing

Premium

Revenue from operations during the quarter stood at Rs 697.93 crore as against Rs 771.39 crore in the year-ago period

2 min read Last Updated : Jul 15 2020 | 8:57 PM IST

Auto components maker Minda Corporation Ltd on Wednesday reported a consolidated loss after tax of Rs 299.77 crore in the fourth quarter ended March 31, on account of impairment charges of one of its arms that has filed for insolvency.

The company had posted a consolidated profit after tax of Rs 41.92 crore in the corresponding period of the previous financial year, Minda Corporation said in a regulatory filing.

The company said its board of directors on Wednesday decided to withdraw financial support to its wholly-owned subsidiary Minda KTSN Plastic Solutions GmbH Co & KG, Germany (MKTSN), pursuant to which MKTSN has

Topics : Minda Corporation Q4 Results Q4 earnings

What you get on BS Premium?

Unlock 30+ premium stories daily hand-picked by our editors, across devices on browser and app.
Pick your 5 favourite companies, get a daily email with all news updates on them.
Full access to our intuitive epaper - clip, save, share articles from any device; newspaper archives from 2006.
Preferential invites to Business Standard events.
Curated newsletters on markets, personal finance, policy & politics, start-ups, technology, and more.

VIEW ALL FAQs

Need More Information - write to us at assist@bsmail.in