Minda Industries' stock zooms near 3% post Q3 FY'22 numbers

7 Feb 2022 , 04:29 PM

Minda Industries limited (‘MIL’) has announced its results for the quarter ended December 2021. At a consolidated level, the company registered a resilient quarterly performance with revenue of Rs 2,181 Cr in Q3 FY22 as compared to Rs 2,031 Cr for the previous corresponding quarter, registering a rise of 7%, while it grew by 3% QoQ compared to Rs 2,114 in Q2FY22.

The EBITDA for Q3 FY22 has been reported as Rs 235 Cr against Rs 279 Cr in Q3 FY21, with a degrowth of 16% YoY however, increased by 3% as compared to the last quarter. Profit before tax for Q3 FY22 was at Rs 141 Cr as against Rs 175 Cr in Q3 FY21 and Rs 135 Crores in Q2FY22. PAT (MIL Share) for the quarter is Rs 101 Cr in Q3FY22 as against Rs 115 Cr in Q FY’21 and Rs 95 Crores in Q2FY22.

The revenue for 9MFY22 stood at Rs. 5,898 crores as against Rs. 4,135 for 9MFY21, a YoY growth of 44%. The EBIDTA for 9MFY22 is Rs. 610 crores in comparison to Rs. 423 crores for the corresponding period last year. The group registered a PAT (MIL share) of Rs 211 crore compared to Rs 66 crore in the previous period.

“The performance for the quarter and nine months ended 31st December 2021 has been extremely promising. Along with good numbers, the company has successfully entered into multiple arrangements with strategic partners to synergistically drive the next chapter of the Group’s success story,” commented Sunil Bohra, CFO, Uno Minda Group on the company’s performance.

MIL ended at Rs 1092, up by Rs 31.90 or 3.01% against its previous closing price of Rs 1060.10. It touched today’s high of Rs 1145.