Minda Corp Q4 Review - Fundamentally Exceptional Quarter: KRChoksey
An employee assembles components onto an engine in India. (Photographer: Udit Kulshrestha/Bloomberg)  

Minda Corp Q4 Review - Fundamentally Exceptional Quarter: KRChoksey

BQ Blue’s special research section collates quality and in-depth equity and economy research reports from across India’s top brokerages, asset managers and research agencies. These reports offer BloombergQuint’s subscribers an opportunity to expand their understanding of companies, sectors and the economy.

KRChoksey Research Report

Minda Corporation Ltd.'s consolidated revenue for Q4 FY21 grew by 48% YoY (up 7.3% QoQ) to Rs 7.9 billion due to transition from B-IV to BS-VI led by increased wiring harness content in two-wheeler category and also increase in aftermarket sales and exports.

Consolidated Ebitda for the quarter stood at Rs 89 crore; Ebitda margin stood at 11.2% (up 390 basis points YoY) due to focus on consistent and sustainable market-beating growth.

Interest expenses declined by 30.9% YoY to Rs 76 million from Rs 110 million.

Profit before tax for the quarter stood at Rs 644.2 million (up 193.6% YoY / up 12% QoQ).

Click on the attachment to read the full report:

KRChoksey MindaCorp Q4FY21 Result Update.pdf

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