By Tricitynews Reporter
Chandigarh
12th August:-Minda Industries posted robust
results for Q1 FY17, maintaining its growth momentum. The consolidated revenue
stood at Rs.767Cr for Q1 FY17 as against Rs.533 Cr in Q1 FY16 recording a
growth of 44%YOY.
The company reported EBITDA of
Rs.72Cr, a growth of 112% year on year. EBITDA margin has expanded by 303basis
points to 9.4% for Q1 FY17. PBT (Before Exceptional item) for the consolidated
entity grew to Rs.34 Cr for Q1 FY17 as against Rs. 16 Cr for Q1 FY16, growth of
113% year on year.
Profit after Tax and Minority
Interest increased by 99% year on year from Rs. 27 Cr in Q1 FY17to Rs. 14 Cr in
Q1 FY16. PAT after MI margin at 3.5% in Q1 FY17 from 2.6% in Q1 FY16, an
expansion of 97basis points during the year.
EPS for the company is at Rs. 17.09
per share during Q1 FY17 as compared to Rs.8.60 per share in Q1 FY16.
As part of group realignment, MIL
board has approved acquisition of 49% equity shares in Roki Minda Co.Pvt. Ltd.
for a consideration of ₹42.50 Cr. The shares have been purchased
at 10.50 per share, having a face value of Rs 10 each. Roki Minda will be
consolidated with MIL with effect from October 1, 2016. Roki Minda is a
leading manufacturer of air filtration system & Canisters for 2W/4 W. The
company had a turnover of ~215 Cr with a PAT of 6 Cr in FY 2015-16.
This company was incorporated in 2012
as a joint venture with Roki Co. Ltd, Japan which holds 51% equity shares.
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