KRChoksey: Minda Corporation - Focus On Cost Management; Two-Wheeler Recovery To Aid

"BQ Blue’s special research section collates quality and in-depth equity and economy research reports from across India’s top brokerages. These reports offer BloombergQuint’s subscribers an opportunity to expand their understanding of companies, sectors and the economy..KRChoksey Report.Minda Corporation Ltd.’s consolidated revenue from operations in Q1 FY21 declined by 69.53% YoY and (down 66.82% QoQ) to Rs 1779.60 million, impacted by lockdown.Gross profit margin for Q1 FY21 came in at 37.77%. Minda Corporation reported Ebitda loss of Rs 203.20 million compare to positive Ebitda of Rs 666.8 million.Ebitda margin for Q1 FY21 was negative 11.42% compare to positive Ebitda margin of 11.42%, significant decline was due to negative operating leverage, product mix and higher fixed cost.The Company reported net loss of Rs 354 million in Q1 FY21 as compare to net profit of 212 million in corresponding quarter last year. Earning per share for the quarter stood at Rs (1.59) as against 0.95 in Q1 FY20..Click on the attachment to read the full report:.DISCLAIMERThis report is authored by an external party. BloombergQuint does not vouch for the accuracy of its contents nor is responsible for them in any way. The contents of this section do not constitute investment advice. For that you must always consult an expert based on your individual needs. The views expressed in the report are that of the brokerage and do not represent the views of BloombergQuint. .Users have no license to copy, modify, or distribute the content without permission of the Original Owner."

KRChoksey: Minda Corporation - Focus On Cost Management; Two-Wheeler Recovery To Aid