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Minda Industries Ltd Q2 FY19 results

Posted On: 2018-11-07 12:57:10

Minda Industries Limited ('MIL') has continued with its growth momentum and has posted strong results for Q2 FY18-19. On Consolidated basis, revenues during the quarter were Rs. 1,522 Cr with EBITDA Margin 12.4% and PAT {MIL share) of Rs. 73 Cr.

The consolidated revenue stood at Rs. 1,522 Cr for Q2 FY18-19 as against, 1098 Cr in Q2 FY17-18 recording a growth of 39 % YOY. Consolidated EBITDA stood at Rs. 189 Cr for Q2 FY 18-19 as against, Rs. 137 Cr Q2 FY 17-18, a growth of 39% year on year. EBITDA margin for Q2 FY18-19 is 12.4% in line with 12.4% for Q2 FY17-18. PBT (before exceptional Item) for the consolidated entity grew to, Rs. 123 Cr for Q2 FY18-19 as against Rs. 96 Cr for Q2 FY17-18, a growth of 27% year on year. PAT {MIL share) increased by 8% vear on year to Rs. 73 Cr in Q2FY18-19 from, 67 Cr in Q2FY17-18. PAT Margin is 5.5% in Q2FY18-19 as against 6.1% in Q2FY17-18.

EPS for the company for Q2FY18-19 ? 2.7 per share as compared to 2.6 per share in Q2 FY17-18.

Shares of MINDA INDUSTRIES LTD. was last trading in BSE at Rs.344 as compared to the previous close of Rs. 340.2. The total number of shares traded during the day was 29386 in over 1302 trades.

The stock hit an intraday high of Rs. 350 and intraday low of 335. The net turnover during the day was Rs. 10033481.

Source: Equity Bulls

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