Minda Industries Ltd : Q4FY17 Results
Minda Industries Ltd reported its results for the quarter ended March 31, 2017 today.
The company's total sales for Q4FY17 came in at Rs 948 crore, which represents a 7.17 per cent sequential increase and 32.16 per cent YoY increase.
Its operating profit (EBIT) for the quarter amounted to Rs 68 crore and its EBIT margin stood at 7.17 per cent.
The company reported PAT of Rs 57.78 crore, which represents a sequential QoQ increase of 29.15 per cent and a YoY increase of 35.79 per cent.
The company's stock opened for trading at Rs 523 on the BSE, rose 8.6 per cent after the results were declared and closed at Rs 546.25 intra-day.
Minda Industries Limited is an India based company and the flagship company of the Minda Group. The company designs, develops and manufactures switches for 2/3 wheelers and off-road vehicles. In addition, the company also manufactures batteries for 2/3/4 wheelers and off-road vehicles. The company has only one operating segment i.e manufacturing of auto electrical parts.