Minda Industries posts good results
Minda Industries reported strong results for the quarter with closed to double digit growth in its bottom-line
The revenue for the quarter rose by 39.8 per cent yoy to Rs. 1,429 crore in Q1FY19 as against Rs. 1,022 crore in the corresponding quarter the previous year.
The EBITDA for the quarter was at Rs. 169 crore in Q1FY19 as compared to Rs. 99 crore in the corresponding quarter the previous year. Also, the EBITDA margin for the quarter rose to 11.9 per cent in Q1FY19 as compared to 9.8 per cent in the corresponding quarter the previous year.
The net profit for the quarter rose by 77.5 per cent yoy to Rs. 81 crore in Q1FY19 as against Rs.45 crore in the corresponding quarter the previous year.
On Wednesday, the stock surged 1.25 per cent up and closed at Rs. 423 per share.