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Minda Industries Ltd. Posts Strong Quarterly Growth

Posted On: 2018-08-09 08:11:47

Minda Industries limited ('MIL') posted strong results for Q1 FY18-19. On Consolidated basis, MIL has posted record quarterly revenues of Rs. 1,430 Cr with EBITDA Margin 11.9% and PAT (MIL share) of Rs. 70 Cr.

The consolidated revenue stood at Rs. 1,430 Cr for Q1 FY18-19 as against, Rs. 945 Cr in Q1 FY17-18 recording a growth of 51 % YOY. Consolidated EBITDA stood at Rs. 170 Cr for Q1 FY 18-19 as against, Rs. 101 Cr Q1 FY 17-18, a growth of 68% year on year. EBITDA margin has expanded by 120 basis points to 11.89% for Q1 FY18-19 from 10.69% for Q1 FY17-18. PBT (before exceptional Item) for the consolidated entity grew to Rs. 114 Cr for Q1 FY18-19 as against Rs. 67 Cr for Q1 FY17-18, a growth of 46% year on year. PAT (MIL share) increased by 46% year on year to Rs. 70 Cr in Q1FY18-19 from, Rs. 48Cr in Q1FY17-18. PAT (MIL share) margin at 5.9% in Q1FY18-19 from 5.4% in Q1FY17-18.

EPS for the company for Q1FY18-19 Rs. 2.7 per share as compared to Rs. 1.8 per share in Q1 FY17-18 (adjusted for bonus shares issued in July).

Shares of MINDA INDUSTRIES LTD. was last trading in BSE at Rs.423.55 as compared to the previous close of Rs. 418.3. The total number of shares traded during the day was 103728 in over 3803 trades.

The stock hit an intraday high of Rs. 449.25 and intraday low of 418.8. The net turnover during the day was Rs. 45000835.

Source: Equity Bulls

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