Minda Industries Ltd : Q4FY17 Results
Amir Shaikh / 16 May 2017
The company's total sales for Q4FY17 came in at Rs 948 crore, which represents a 7.17 per cent sequential increase and 32.16 per cent YoY increase.
Minda Industries Ltd reported its results for the quarter ended March 31, 2017 today.
The company's total sales for Q4FY17 came in at Rs 948 crore, which represents a 7.17 per cent sequential increase and 32.16 per cent YoY increase.
Its operating profit (EBIT) for the quarter amounted to Rs 68 crore and its EBIT margin stood at 7.17 per cent.
The company reported PAT of Rs 57.78 crore, which represents a sequential QoQ increase of 29.15 per cent and a YoY increase of 35.79 per cent.
The company's stock opened for trading at Rs 523 on the BSE, rose 8.6 per cent after the results were declared and closed at Rs 546.25 intra-day.
Minda Industries Limited is an India based company and the flagship company of the Minda Group. The company designs, develops and manufactures switches for 2/3 wheelers and off-road vehicles. In addition, the company also manufactures batteries for 2/3/4 wheelers and off-road vehicles. The company has only one operating segment i.e manufacturing of auto electrical parts.
If you want to stay updated with the share market news today, keep a close watch on the indian stock market today with real time movements like sensex today live and overall stock market today trends. Investors tracking ipo allotment status, ipo news today, or the latest ipo india can also follow daily updates along with bse share price live data. Whether you are learning how to invest in stock market in india, preparing for a market crash today, or searching for the best stocks to buy in india, insights on top gainers today india, top losers today india, trending stocks india and long term stocks india help in making informed investment decisions.