India's Minda Corp falls on Q4 profit fall

Minda

23/05/2024 08:41

** Shares of Minda Corporation  MINC.NS  down 2.5% at 415.55
rupees
    ** Auto-parts maker's Q4 consol profit after tax falls ~42%
y/y to 707.5 mln rupees ($8.5 mln) as total expenses surge 12% 
    ** Stock on track to log ~2% weekly losses, snapping four
straight weeks of gains

($1 = 83.2310 Indian rupees)

 (Reporting by Manvi Pant in Bengaluru)
 ((Manvi.Pant@thomsonreuters.com; +918447554364;))