Minda Industry Records 19% Rise In Income, 72% Growth In EBITDA

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Auto sector company Minda Industries second quarter results were better than estimates The consolidated revenue rose 19% to Rs 652 crore for Q2 September 2015 over Q2 September 2014. Minda Industries’ Profit After Tax (PAT) and Minority Interest (MI), after excluding tax-adjusted exceptional items, increased by 110% to Rs 26 crore in Q2 September 2015 over Q2 September 2014.

72 percent growth in Abitda The company’s EBITDA (earnings before interest, taxes, depreciation and amortization) rose 72% to Rs 63 crore in Q2 September 2015 over Q2 September 2014. EBITDA margin has expanded by 294 basis points to 9.7% for Q2 September 2015. As compared to last year there has been a growth of 14 per cent during the first 6 months of fiscal year,  consolidated revenue was Rs1184.  As compared to last year during the period of April-September, Abitda increased from Rs 75 crore to 97 crore. According to the previous year Abitda growth over 30 per cent. 

Share reached on year’s highest level

Minda Industries hit an upper circuit limit of 20% at Rs 696.50 at 10:56 IST on BSE after the company posted strong consolidated numbers in Q2 September 2015.

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