Published on 11/11/2020 5:39:23 PM | Source: Angel Broking Ltd
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Below are Quote on Minda Industries 2QFY21 Result By Mr. Amarjeet Maurya- AVP - Mid Caps, Angel Broking Ltd
“During the 2QFY21, Minda Industries Ltd (MIL) reported revenue of ~Rs1465cr (up ~8% YoY) mainly due to healthy recovery in the automobile segment. EBITDA increased by ~33% YoY to Rs215cr, while EBITDA margin improved by 282bps YoY to 15% due lower operating cost. On the bottom-line front, the company has reported net profit of Rs84cr (grew ~63% yoy) due to strong operating performance. Going forward, we expect a healthy demand in the automobile sector due to the upcoming festive season which would benefit players like minda industries.”
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