BSE See NSE See 38,040.57
15.12 (0.04%)

Minda Industries: Q4FY19 revenue up by 8 per cent, but profit declines

Pratik Shastri
Rate this article:
Minda Industries: Q4FY19 revenue up by 8 per cent, but profit declines

Auto component manufacturer Minda Industries reported its results for Q4FY19 and financial year ended March 31, 2019, during market hours on Thursday. The slowdown in auto sector is evident from the numbers on auto ancillary company. The sales growth is muted with just 8 per cent increase for Q4FY19 on a YoY basis.
Minda Industries consolidated revenue for Q4FY19 came in at Rs 1486.46 crore as compared to Rs 1370.88 crore for the same period last year, registering 8.4 per cent yoy increase. EBITDA for the quarter rose by 9.4 per cent yoy to Rs. 185.37 crore from Rs. 169.50 crore for same quarter last fiscal, with a corresponding margin expansion of 11 bps. EBITDA margin for the quarter stood at 12.5 per cent. The net profit for the quarter came in at Rs. 76.44 crore, a decline of 43.3 per cent yoy.
The annualised consolidated revenue for FY19 increased by 29.89 per cent from FY18, which stood at Rs. 5908.09 crore. The EBITDA during this quarter stood at Rs. 725.18 crore, with corresponding margin at 12.27 per cent. Net profit for FY19 increased by 4 per cent to Rs. 320.61 crore from Rs. 307.78 crore. The PAT margin stood at 5.42 per cent, a contraction of 134 points from last fiscal.
Reacting to the numbers, the stock closed with loss of over 5 per cent at Rs 318.75 on the BSE.

Previous Article Markets notch up impressive gains
Next Article Market opening hinges on bulls keeping the momentum going

Please login or register to post comments.