Minda Industries on a smooth drive
The stock of Minda Industries — a maker of switches, lighting and acoustics systems for vehicles — was up over 10 per cent last week after strong June quarter results. On a year-on-year basis, at the consolidated level, revenues grew 25 per cent to ₹945 crore and profits by 85 per cent to ₹51 crore. The operating (EBITDA) margin came in at 10.7 per cent, about 106 basis points higher than in the ...
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