Minda Industries reports consolidated net loss of Rs 118 crore in Q1
24th Aug 2020

Minda Industries has reported results for the first quarter ended June 30, 2020.

The company has reported a net loss of Rs 53.11 crore for the quarter under review against net profit of Rs 31.60 crore for the same quarter in the previous year. Total income of the company decreased by 72.58% at Rs 231.95 crore for Q1FY21 as compared Rs 845.98 crore for the corresponding quarter previous year.

On the consolidated basis, the company has reported a net loss attributed to owners of Rs 118.33 crore for the quarter under review against net profit of Rs 53.48 crore for the same quarter in the previous year. Total income of the company decreased by 70.91% at Rs 420.84 crore for Q1FY21 as compared Rs 1,446.67 crore for the corresponding quarter previous year.