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