Minda Industries reports strong results for Q2FY19

Minda Industries consolidated revenue for the quarter came in at Rs. 1,521.72 crore, registering 38.5 per cent yoy increase.

EBITDA for the quarter rose by 38.6 per cent yoy to Rs. 189.34 crore. While EBITDA margin for the quarter remained flat at 12.4 per cent. The PAT for the quarter came in at Rs. 88.78 crore, yoy increase of 21 per cent.

Meanwhile, the stock of Minda Industries reacted positively to this good set of numbers. The stock at 15.24 hours was trading at mark of Rs. 339.7 apiece as against previous close of Rs. 337.3, which represent 0.7 per cent increase.

Minda Industries is a supplier of automotive solutions to original equipment manufacturers. It offers a range of products across various verticals of auto components, such as switching systems, acoustic systems and alloy wheels, among others. Its business divisions include Lighting Systems Division, Switch & Handle Bar Systems Division, Acoustics Systems Division, and Sensors Actuators and Controllers Division. It also has business divisions, which are engaged in production of batteries for two wheelers, fuel cap and compressed natural gas (CNG)/liquid petroleum gas (LPG) kits.