Minda Industries posted robust results for FY16, maintaining its growth momentum. The consolidated sales at Rs.2506 crore for FY16 as against Rs 2206 Crore in FY15 recording a growth of 14% year on year..
The company reported EBITDA of Rs 244 crore, a growth of 50% year on year. EBITDA margin has expanded by 239 basis points to 9.75 % for FY16. PBT (Before Exceptional item) for the consolidated entity grew to Rs 139 crore for FY16 as against Rs 63 crore for FY15, growth of 121% year on year.
Profit after Tax and Minority Interest increased by 64% year on year from Rs 68 crore in FY15 to Rs 111 crore FY16. PAT after MI margin at 4.43% in FY16 from 3.08% in FY15, an expansion of 135 basis points during the year.
EPS for the company is at Rs 69.9 per share during FY16 as compared to Rs.42.8 per share in FY15.
Consolidated ROCE has consistently improved from 6% in FY14 to 15% in FY15 to 18.2% in FY16. Consolidated ROE following similar path, has also improved from 2.3% in FY14 to 18.6% in FY15 to 26.4% in FY16.
This growth has been on account of strong performance of the standalone entity and backed by improved performance of its subsidiaries including turnaround of certain loss making subsidiaries. Group consolidation has also been an enabler in achieving these number.
Dividend:
The board has recommended final dividend of Rs 4 per share, i.e., 40% on face value of Rs 10 per equity share. Along with the interim dividend of Rs.3 per share, the total dividend for the year FY16 is Rs. 7 per share i.e., 70% on face value of Rs. 10 per share.
