Q4FY21 Result Update - Minda Industries - ICICI Direct

Minda Industries (MIL) reported operationally strong Q4FY21 results. Including Harita Seating financials, consolidated revenues rose 49.4% YoY, up 10.2% QoQ to Rs. 2,238 crore. Margins dipped 25 bps QoQ to 13.5% despite 170 bps gross margin contraction with operating leverage benefits rescuing the performance. Reported consolidated PAT was at Rs. 140.4 crore vs. Rs. 13.1 crore in Q4FY20 with share of profit from subsidiaries & associates improving substantially to Rs. 21.5 crore for Q4FY21. MIL declared a final dividend of Rs. 0.5/share with total dividend for FY21 at Rs. 0.85/share.

For details, click on the link below: Link to the report

Shares of MINDA INDUSTRIES LTD. was last trading in BSE at Rs.655.8 as compared to the previous close of Rs. 636.5. The total number of shares traded during the day was 72212 in over 3070 trades.

The stock hit an intraday high of Rs. 662.25 and intraday low of 640.45. The net turnover during the day was Rs. 47153198.

Source : Equity Bulls

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