Minda Corporation Q4FY17 consolidated net profit declines 64% yoy

India Infoline Research Team | May 25, 2017 09:01 IST

Minda Corporation Ltd Q4FY17

Consolidated Results Q4FY17: (Rs. in crore)

Q4FY17 YoY (%)
Revenue 752 18.6
EDITDA 25 [34.2]
EBITDA Margin (%) 3.3 [267]
Net Profit (adjusted) 9 [64]
***EBITDA margin change is bps
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Reco. Price

112

Last updated on

15-May-2017


Minda Corp consolidated revenue for the quarter came in at Rs. 752 crore, registering 18.6% yoy increase.

EBITDA for the quarter fell by 34.2% yoy to Rs. 25 crore with a corresponding margin contraction of 267 bps. EBITDA margin for the quarter stood at 3.3%. This margin contraction was driven by 51% yoy increase in cost of raw materials.

The PAT for the quarter came in at Rs. 9 crore, yoy decline of 64%.

Looking at the full year numbers, we see that revenue jumped by 21% to reach Rs.2930.51 crore while EBITDA fell by 14% to 166.55 crore. Company reported net profit of Rs.67.41 crore, down 39% yoy.

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. 102.05, down by 1.8 points or 1.73% from its previous closing of Rs. 103.85 on the BSE.
The scrip opened at Rs. 106.4 and touched a high and low of Rs. 107 and Rs. 99 respectively. A total of 27540(NSE+BSE) shares were traded on the counter. The stock traded above its 50 DMA.

BSE 143.60 3.20 (2.28%)
NSE 144.00 3.05 (2.16%)

***Note: This is a NSE Chart

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