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
At meeting held on 11 December 2020The Board of Minda Corporation at its meeting held on 11 December 2020 has approved the appointment of Naresh Kumar Modi (DIN: 00089536) as an Additional Director to hold office up to the date of ensuing Annual General Meeting and Executive Director on the Board of the Company with effect from 11 December 2020, for a period of 5 (five) years subject to approval of the shareholders.
Powered by Capital Market - Live News
(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.) Dear Reader,
Business Standard has always strived hard to provide up-to-date information and commentary on developments that are of interest to you and have wider political and economic implications for the country and the world. Your encouragement and constant feedback on how to improve our offering have only made our resolve and commitment to these ideals stronger. Even during these difficult times arising out of Covid-19