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Minda Corp Q1 Profit Surges, IGL Profit Dips

By ThePip DeskMinda Corp Q1 Profit Surges, IGL Profit Dips

Minda Corp’s Q1 profit triples on a one-time gain with 33% revenue growth. Indraprastha Gas (IGL) sees a 32.9% profit decline in Q1 FY27.

Minda Corp reported a significant increase in its first-quarter net profit, which more than tripled year-over-year, primarily driven by a one-time gain. This surge contrasts with Indraprastha Gas, which recorded a 32.9% quarter-on-quarter drop in its Q1 FY27 standalone net profit.

Minda Corp’s strong Q1 performance was underpinned by a substantial 33% increase in its revenue compared to the same quarter last year. The one-time gain played a crucial role in amplifying the company’s profitability figures for the period.

Minda Corp’s Q1 Performance Snapshot

  • Net Profit: More than tripled
  • Revenue Growth: 33% increase
  • Primary Driver: One-time gain

Indraprastha Gas faced a downturn in its Q1 FY27 standalone net profit, which settled at Rs 186 crore. This represented a notable decline of 32.9% when compared to the preceding quarter.

Indraprastha Gas Registers Profit Decline

  • Q1 FY27 Standalone Net Profit: Rs 186 crore
  • Profit Decline: 32.9% quarter-on-quarter

The first quarter saw divergent financial outcomes for the two companies, with Minda Corp leveraging a one-time gain for substantial profit growth while Indraprastha Gas experienced a significant profit contraction.

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