Minda Industries reported 35.78% growth in total revenues for the Dec-20 quarter on consolidated basis at Rs1,801.62cr. In line with demand build-up in its core automotive and electronics business, the group did extremely well at an overall level. The sharp pick up in auto demand in the quarter helped build derivative demand for its products.
The consolidated Profit after tax (PAT) for the Dec-20 quarter was up 142.34% at Rs108.40cr on the back of more efficient tweaking of the working capital of the company to reduce the fund locked in working capital cycles. As a result, the PAT margins improved sharply from 3.37% in Dec-19 to 6.02% in Dec-20.
Financial highlights for Dec-20 compared yoy and sequentially
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Minda Industries |
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Rs in Crore |
Dec-20 |
Dec-19 |
YOY |
Sep-20 |
QOQ |
|
Total Income (Rs cr) |
₹ 1,801.62 |
₹ 1,326.84 |
35.78% |
₹ 1,465.04 |
22.97% |
|
Net Profit (Rs cr) |
₹ 108.40 |
₹ 44.73 |
142.34% |
₹ 80.83 |
34.11% |
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Diluted EPS (Rs) |
₹ 4.07 |
₹ 1.70 |
|
₹ 3.07 |
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Net Margins |
6.02% |
3.37% |
|
5.52% |
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