Minda Industries’ Q2 net profit down 32% y/y to USD7 million

Financial results

Revenue down 10.6% y/y

Minda Industries, the flagship company of the Indian auto parts supplier Uno Minda Group, has reported a 32% year-on-year (y/y) decrease in net income to INR494.4 million (USD7 million) for the second quarter ended 30 September 2019, the company said in a regulatory filing on 14 November.

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