Minda Corporation Ltd Q4FY17
Consolidated Results Q4FY17: (Rs. in crore)
|EBITDA Margin (%)||3.3|||
|Net Profit (adjusted)||9|||
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.
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.
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