Q3 FY 2017 consolidated Revenue Rs. 885 Cr
Q3 FY17 Consolidated EBITDA grew by 82% YoY to Rs. 107 Cr
Q3 Consolidated EBITDA Margin at 12.12%
Consolidated PAT after MI grew by 55% YoY to Rs. 44.74 Cr
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Minda Industries Limited (Consolidated Results) (₨. Cr) |
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| Particulars | Q3 FY17 | Q3FY16 | YoY% | 9M FY17 | 9M FY16 | YoY% |
| Revenue | 884.55 | 625.69 | 41% | 2,556.98 | 1,810.02 | 41% |
| EBITDA | 107.18 | 58.93 | 82% | 272.80 | 156.30 | 75% |
| Margin (%) | 12.12% | 9.42% | 270bps | 10.67% | 8.64% |
203 bps |
| PBT | 64.67 | 40.42 | 60% | 151.22 | 91.31 | 66% |
| Margin (%) | 7.31% | 6.46% | 0.85% | 5.91% | 5.04% | 87 bps |
| PAT after MI | 44.74 | 28.85 | 55% | 110.30 | 68.58 | 61% |
| Margin (%) | 5.06% | 4.61% | 45 bps | 4.31% | 3.79% | 52 bps |
| EPS | 5.64 | 3.63 | 55% | 13.89 | 8.63 | 61% |
Gurgaon – February 07, 2016 – Minda Industries posted robust results for Q3 FY2016-17, 9M sales of MIL consolidated has crossed full year sales of previous financial year 2015-16. The consolidated margins (EBITDA %) for the 9M period improved to 10.67% and 12.12% for Q3 2016-17. The consolidated revenue stood at Rs. 885 Cr for Q3 FY17 as against Rs. 626 Cr in Q3 FY16 recording a growth of 41 % YOY.
The company reported EBITDA of Rs. 107 Cr, a growth of 82% year on year. EBITDA margin has expanded by 270 basis points to 12.12% for Q3 FY2016-17 from 9.42% for Q3 2015-16.
PBT for the consolidated entity grew to Rs.64.67 Cr for Q3 FY17 as against Rs. 40.42 Cr for Q3 FY16, growth of 60% year on year.
Profit after Tax (after Minority Interest) increased by 55% year on year to Rs. 44.73Cr in Q3 FY2016-17 from Rs. 28.85 Cr in Q3 FY16. Profit after Tax (after Minority Interest) margin at 5.06% in Q3 FY17 from 4.61% in Q3 FY16, an expansion of 45 basis points during the year.
EPS for the company for the 9 Month period ended December 30, 2016 stood at Rs 13.89 per share as compared to Rs. 8.63 per share in 9M FY16.
The company has announced an interim dividend of 60% of face value (Rs 2 per share), which corresponds to Rs 1.20 per share.
Consolidation Update for Q3 FY17 in perspective:
- Roki Minda has been consolidated as JV company for the current Quarter (Q3 2016-17)
Business Update for Q2 FY17
- Minda Kosei: Alloy Wheel to set up a new plant in Gujarat with investment outlay of ~ Rs. 300 Cr. with capacity of 120,000 wheels per month in the first phase.
- Project for speakers for PV/SUV under JV with Onkyo Japan has been approved with an outlay of ~ Rs 40 cr
