Minda Corporation Limited reported earnings results for the second quarter and six months ended September 30, 2024. For the second quarter, the company reported sales was INR 12,900.1 million compared to INR 11,958.4 million a year ago. Revenue was INR 13,016.6 million compared to INR 11,978.7 million a year ago. Net income was INR 743.4 million compared to INR 587.7 million a year ago. Basic earnings per share from continuing operations was INR 3.16 compared to INR 2.5 a year ago. Diluted earnings per share from continuing operations was INR 3.11 compared to INR 2.46 a year ago.
For the six months, sales was INR 24,824 million compared to INR 22,703.5 million a year ago. Revenue was INR 25,023.9 million compared to INR 22,743.1 million a year ago. Net income was INR 1,385.4 million compared to INR 1,039.8 million a year ago. Basic earnings per share from continuing operations was INR 5.89 compared to INR 4.42 a year ago. Diluted earnings per share from continuing operations was INR 5.79 compared to INR 4.35 a year ago.
Minda Corporation Limited is an India-based company engaged in manufacturing automotive components. The Company is primarily engaged in the manufacturing and assembly of safety and security systems and their associated components for the automotive industry. Its diverse product portfolio includes Mechatronics, Information and Connected Systems, Plastics and Interiors, Aftermarket solutions, Electronics Manufacturing, and Spark Minda Green Mobility. Its mechatronics include ignition switch cum steering lock, keyless entry, mechatronics handle, immobilizer-fuel tank cap, aluminum die casting, compressor housing, alternator and starter motor. Its aftermarket products include helmets, fiber parts, wiper, bearings, locks, filters, and lubricants. It offers its products for auto original equipment manufacturers (OEMs). Its products are designed to cater to a range of vehicle segments, including two-three wheelers, passenger vehicles, commercial vehicles, and off-road vehicles.
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Global
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