Auto components manufacturer Minda Corporation has reported a consolidated profit of Rs 129.2 million after tax for the March quarter, compared to the loss of Rs 2997.8 million in the year-ago period.

Minda Corporation had infused more than Euro 35 million in Minda KTSN Plastic Solutions, a maker of kinematic and non-kinematic plastic components for automotive industry, since it was acquired in 2007.

The company expanded its illustrious global aerospace clientele by adding three new clients in the aerospace industry.

Total revenue stands at Rs 1,988 crore in FY19 as against Rs 1,792 crore in FY18

The company earned a revenue of Rs 506 crore and EBITDA grew by 14 per cent to Rs 71 crore for the current quarter

The demand for Indian-made vehicles could be fuelled globally with BS VI compliant vehicles being made mandatory from April 2020, says India Ratings report. The domestic automobile industry has witnessed strong sales volume growth in FY18 backed by commercial vehicles, according to the March edition of the credit news digest on India’s auto sector of the India Ratings and Research (Ind-Ra).

Motherson Sumi Systems Limited (MSSL), flagship company of the Samvardhana Motherson Group (SMG), through its step down subsidiary Samvardhana Motherson Automotive Systems Group BV (SMRP BV) announced the proposed acquisition of Reydel Automotive Group (Reydel), a privately held portfolio company of Cerberus Capital Management, LP (Cerberus) that manufactures interior components and modules for global automotive customers. The purchase price for the transaction is USD 201 million.

Specialty chemicals company Lanxess continues on its profitable growth path. The company ended fiscal year 2017 with record earnings. Lanxess has also made a good start to the new year. EBITDA pre exceptionals rose by 29.6 percent in fiscal year 2017 to 1.29 billion euros, the highest result in the company’s history. In the previous year, EBITDA pre exceptionals amounted to 995 million euros. The operating result was therefore at the top end of the forecast range of 1.25 billion euros to 1.3 billion euros.

Altran entered into an agreement to acquire Aricent through its subsidiary Altran US. Aricent is a global digital leader in design and engineering services and will be acquired from a group of investors led by KKR, for a total enterprise value of €1.7 billion or $2.0 billion in an all-cash transaction.