trending Market Intelligence /marketintelligence/en/news-insights/trending/hD1O1tFi6EYfwfgFN5l5Ew2 content esgSubNav
In This List

Minda fiscal Q2 profit climbs YOY

Podcast

Next in Tech | Episode 50: InfoSec spending up, again…

Blog

Broadcast deal market recap 2021

Podcast

Next in Tech | Episode 49: Carbon reduction in cloud

Blog

Price wars in India: Disney+ Hotstar vs. Amazon Prime Video vs. Netflix


Minda fiscal Q2 profit climbs YOY

Minda Corp. Ltd said its normalized net income for the fiscal second quarter ended Sept. 30 amounted to 88 Indian paise per share, a gain from 41 paise per share in the prior-year period.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was 183.5 million rupees, an increase from 85.4 million rupees in the prior-year period.

The normalized profit margin increased to 3.8% from 2.2% in the year-earlier period.

Total revenue rose 26.4% on an annual basis to 4.80 billion rupees from 3.80 billion rupees, and total operating expenses climbed 22.5% on an annual basis to 4.46 billion rupees from 3.64 billion rupees.

Reported net income rose 87.0% year over year to 217.3 million rupees, or 1.04 rupees per share, from 116.2 million rupees, or 56 paise per share.

As of Nov. 21, US$1 was equivalent to 61.66 Indian rupees.