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
Sensex, Nifty trade with small losses; breadth remains strong
business-standard.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from business-standard.com Daily Mail and Mail on Sunday newspapers.
Minda Corporation reports standalone net profit of Rs 45 91 crore in the March 2021 quarter
business-standard.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from business-standard.com Daily Mail and Mail on Sunday newspapers.
Minda Corporation reports consolidated net profit of Rs 12 92 crore in the March 2021 quarter
business-standard.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from business-standard.com Daily Mail and Mail on Sunday newspapers.