Minda Corp jumps 7% on stellar March quarter results, dividend bounty

Minda Corporations' shares advanced 6.7 per cent to Rs 118, also ita fresh 52-week high, on the BSE in Wednesday's intra-day deals after the automobile component maker reported a consolidated net profit of Rs 12.92 crore for the March quarter of FY21 as against a loss of Rs 299.78 crore in the year-ago period. The stock suprassed its previous high of Rs 104.7, touched on April 28, 2021.

It's total income grew by 45 per cent to Rs 801.30 crore compared with Rs 552.50 crore in Q4FY20 while Ebitda margin improved to 11.2 per cent due to operating leverage and tight