Auto component manufacturer Minda Corporation today said its consolidated net profit remained flat at Rs 26.41 crore for the fourth quarter ended March 31.
Net sales of the company however rose to Rs 633.64 crore for the fourth quarter from Rs 474.93 crore for the same period of previous fiscal, Minda Corporation said in a statement.
For the year ended March 31, the company posted a net profit fo Rs 107.26 crore against that of Rs 89.53 crore in 2014-15.
Net sales rose to Rs 2,415.79 crore for the fiscal ended March 31, as against Rs 1,933.17 crore in the corresponding period.
Commenting on the results, Ashok Minda, Chairman and Group CEO said: "Despite the uncertainty in the domestic automotive market, our presence across key product segments and relationships with some of the top automotive manufacturers enabled us to report encouraging performance.
