Mindteck posts 28.72% yoy growth in PAT at Rs10.98 crore for FY22; stock plunges 5%

23 May 2022 , 02:53 PM

Mindteck (India) Limited, the global engineering and technology solutions company with niche knowledge and expertise in the storage, medical device, semiconductor, and analytical instrument industries, reported its audited financial results for the year ended March 31, 2022.

The company’s consolidated revenue for the year ended March 31, 2022, stood at Rs298.78 crore, as compared to Rs286.72 crore for the previous year ended March 31, 2021. The company reported a consolidated net profit of Rs33.31 crore (including an exceptional item of Rs18.18 crore) for the year ended March 31, 2022, as compared to a consolidated net profit of Rs10.86 crore for the previous year ended March 31, 2021.

The company’s standalone revenue for the year ended March 31, 2022, was Rs114.25 crore, as against Rs103.98 crore for the previous year ended March 31, 2021. Standalone Net profit for the year ended March 31, 2022, was reported at Rs10.98 crore as against a profit of Rs8.53 crore in FY21.

Mindteck is currently trading at Rs132.75 down by Rs7.6 or 5.42% from its previous closing of Rs140.35 on the BSE. The scrip opened at Rs137.60 and has touched day’s high and low of Rs137.60 and Rs130 respectively.