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Minda Industries posts 46% decline in Q4 net profit

Auto News - Published on Fri, 17 May 2019

Image Source: ET Auto
Economic Times reported that Minda Industries Ltd reported a decline of 46% in its consolidated net profit at INR 74 crore for the fourth quarter ended March 2019. Consolidated revenue stood at INR 1,486 crore in Q4 2019 with EBITDA margin 12.4%. Profit after tax (MIL share) decreased by 8% YoY to INR 286 crore in FY 2018-19 from INR 310 crore in FY 2017-18.

The consolidated revenue stood at INR 5,908 crore for FY 2018-19 as against INR 4,471 crore in FY 2017-18 recording a growth of 32% YOY.

Consolidated EBITDA stood at INR 725 crore for FY 2018-19 as against INR 534 crore for FY 2017-18, a growth of 36% YoY.

Source :

Posted By : Rabi Wangkhem on Fri, 17 May 2019
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