‘Minda Industries Ltd. posts robust and sustainable performance in Q3 FY16 alongside consolidated sales grew by 13% YoY to 626 Cr’

Minda Industries Ltd., the flagship company of UNO MINDA Group has posted strong results for Q3 FY16. The Consolidated sales at Rs 626 Cr for Q3 FY16 as against consolidated revenues of Rs 555 Cr reported for Q3 FY15 recording a growth of 13% year on year.

The company reported adjusted EBITDA (including income from other investments) of Rs 67 Cr, a growth of 51% year on year. EBITDA (including income from other investments) margin has expanded by 268 basis points to 10.6% for Q3 FY16. PBT (Before Exceptional item) for the consolidated entity grew to Rs 38 Cr for Q3 FY16 as against Rs 17Cr for Q3 FY15, growth of 118% year on year. Profit after Tax and Minority Interest increased by 122% year on year to Rs 29 Cr in Q3 FY16. PAT after MI margin 4.6% in Q3 FY16 from 2.3% in Q3 FY15.

During 9M FY16, company registered consolidated sales of Rs 1,810 Cr, growth of 16% year on year. Adjusted EBITDA (including income from other investments) grew to Rs 173 Cr from Rs. 125 Cr in 9M FY15, growth of 38% year on year. PBT (Before Exceptional item) for the consolidated entity grew to Rs 89 Cr for 9M FY16 as against Rs 49 Cr during 9M FY15, growth of 82% year on year. Profit after Tax and Minority Interest grew by 28% year on year to Rs 69 Cr in 9M FY16. PAT after MI margin at 3.8% in 9M FY16 from 3.4% in 9M FY15.

Commenting on the performance N K Minda, CMD, UNO MINDA said “The Company has shown remarkable growth with sustainable margins and we will continue to work on maximizing the operating leverage.” The Board has approved and declared interim dividend of Rs 3 per share, i.e. 30% on face value of Rs.10 each and Rs.0.3 per 3% cumulative redeemable preference share of Rs.10 each.

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