Minda Corporation rose 3.17% to Rs 114 after the company s consolidated net profit stood at Rs 12.92 crore in Q4 FY21 compared with net loss of Rs 299.78 crore in Q4 FY20.
Net sales surged 48% to Rs 794.09 crore in Q4 FY21 as against Rs 536.37 crore in Q4 FY20. EBITDA soared 128.20% to Rs 89 crore in Q4 March 2021 as against Rs 39 crore in Q4 March 2020. EBITDA margin improved to 11.2% in Q4 FY21 as compared to 7.3% in Q4 FY20.
Commenting on the Q4 results, Ashok Minda, the chairman and group chief executive officer (CEO) of Minda Corporation, said: I am pleased to announce that this quarter we have delivered highest ever Quarterly Revenue, highest Absolute EBITDA and highest profit after tax from continued operations. Our consolidated revenue of Rs 7,941 million continues to outperform the industry growth. The revenue grew by 48% as compared to Industry growth of 28% Y-o-Y for the quarter. Despite commodity price pressure, our EBITDA margin improved to 11.2% due to operating lev
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Published: February 04, 2021, 07:39 PM IST
Minda Corporation Limited (referred to as Minda Corp or the Company ; NSE: MINDACORP, BSE: 538962), the flagship company of Spark Minda today announced its financial results for the third quarter ended December 31, 2020.
Commenting on the results & events, Mr. Ashok Minda, Chairman and Group CEO said:
On Results:- The auto industry in third quarter of FY21 saw both year-on-year and sequential growth in overall demand primarily driven by pent-up demand in channels, festive season during the period and preference for personal transport due to Covid-19.
Minda Corporation while supporting its customer also delivered Consolidated Revenue of Rs. 7,398 million, which has grown 36% as compared to Industry growth of 17% year on year for the quarter. The higher growth was due to 55% growth in Aftermarket division and also Export from India increased by more than 25%. T
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