Minda Corporation Q1FY18 consolidated net profit declines 9.8% yoy

India Infoline Research Team | September 13, 2017 18:19 IST

Minda Corporation Ltd Q1FY18

Consolidated Results Q1FY18: (Rs. in crore)

Q1FY18 YoY (%)
Revenue 623.2 19.2
EBITDA 60.4 [3.9]
EBITDA Margin (%) 9.7 [233]
Net Profit (adjusted) 23.0 [9.8]
***EBITDA margin change is bps
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Reco. Price

113.9

Last updated on

08-Sep-2017


Minda Corporation reported its financial result for Q1FY18.

It's consolidated revenue for the quarter came in at Rs. 623.2 crore, registering 19.2% yoy increase.

EBITDA for the quarter fell by 3.9% yoy to Rs. 60.4 crore with a corresponding margin contraction of 233 bps. EBITDA margin for the quarter stood at 9.7%. This margin contraction was driven by 15% and 12% yoy increase in cost of raw materials and employee expense respectively.

The PAT for the quarter came in at Rs. 23 crore, yoy decline of 9.8%. This was due to increase in finance cost by 29%.


The board has recommended a final dividend of Rs. 0.30 per share for the face value of Rs. 2 each.



Technical View:

Minda Corporation Ltd ended at Rs. 132.40, down by 2.15 points or 1.6% from its previous closing of Rs. 134.55 on the BSE.
The scrip opened at Rs. 135 and touched a high and low of Rs. 137.55 and Rs. 130 respectively. A total of 20,42,892(NSE+BSE) shares were traded on the counter. The stock traded below its 50 DMA.

BSE 134.85 [0.55] ([0.41]%)
NSE 135.25 [0.20] ([0.15]%)

***Note: This is a NSE Chart

 

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