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


Reco. Price


Last updated on


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 194.10 1.65 (0.86%)
NSE 195.55 2.70 (1.40%)

***Note: This is a NSE Chart



  • Save upto Rs.2.67 lakh with Pradhan Mantri Awas Yojana ...Know more
  • Now Save Rs.3150 on your Demat Account ...Click here
  • Now get IIFL Personal Loan in just 8* hours...APPLY NOW!
  • Get the most detailed result analysis on the web - Real Fast!
  • Actionable & Award-Winning Research on 500 Listed Indian Companies.