Minda Industries Ltd_ FY17 Consol. Revenue crosses Rs 3500 Cr with EBITDA Margin of 10.94%

FY17 Consol. Revenue crosses Rs 3500 Cr with EBITDA Margin of 10.94% 

FY 2017 consolidated Revenue Rs. 3505 Cr

FY17 Consolidated PBT grew by 67% YoY to Rs. 222 Cr

Consolidated EBITDA Margin 10.94% in FY17as against 9.41% in FY16

Consolidated PAT after MI for FY17 at ₹168 Cr, a growth of 51%  

                                        Minda Industries Limited (Consolidated Results)                                             (₹. Cr)
Particulars Q4 FY17 Q4 FY16 YoY% FY2016-17 FY 2015-16 YoY%
Revenue 948.05  717.32 32% 3,505.03 2,527.34 39%
EBITDA 110.78 81.52 36% 383.59  237.82 61%
Margin (%) 11.69% 11.36% 32bps 10.94% 9.41% 153 bps
PBT * 71.23 49.70 43% 222.45  133.50 67%
Margin (%) 7.51% 6.93% 58 bps 6.35% 5.28% 106 bps
PAT after MI 57.78 42.55 36% 168.08  111.14 51%
Margin (%) 6.09% 5.93% 16 bps 4.80% 4.40% 40 bps
EPS (diluted) Rs. 7.25 5.36 35% 21.08 13.99 51%

(*Before Exceptional item)

Gurgaon – May 16, 2017 – Minda Industries posted stupendous results for Q4 FY17 & FY2016-17. MIL consolidated has posted record revenues of ₹3505 Cr with highest ever Margin (EBITDA %) of 10.94% and PAT (after MI) of ₹ 168 Cr. For Q4 2016-17 the consolidated revenues  stood at ₹ 948 cr with EBITDA of ₹111 cr (EBITDA margin 11.69%) and PAT (after MI) of ₹58 cr (Highest Ever,  crosses ₹50 Cr for the  first time)

The consolidated revenue stood at ₹ 3505 Cr for FY2016-17 as against ₹ 2527 Cr in FY16 recording a growth of 39 % YOY. Consolidated EBITDA of the consolidated entity stood at ₹ 384 cr for FY17 as against ₹ 238 cr. for FY16, a growth of 61% year on year. EBITDA margin has expanded by 153 basis points to 10.94% for FY2016-17 from 9.41% for 2015-16.  PBT (before exceptional Item) for the consolidated entity grew to     ₹ 222 Cr for FY17 as against ₹133 Cr for FY16, growth of 67% year on year. PAT (after Minority Interest) increased by 51% year on year to ₹ 168 Cr in FY17 from ₹ 111 Cr in FY16. PAT (after MI) margin at 4.80% in FY17 from 4.40% in FY16, an expansion of 40 bps.

EPS for the company for FY 2017 ₹ 21.08 per share as compared to ₹ 13.99 per share in FY16.

The company has announced final dividend of 50% of face value (₹ 2), in addition to the interim dividend of 60% of face value (₹ 2 per share). The total dividend for the year is 110% of Face Value, which corresponds to ₹ 2.20 per share.

Consolidation Update

  • Asean Business has become 100% subsidiary with effect from April 01, 2017.

Business Update for Q4 FY17

  • A new plant of Minda Kyoraku (Blow Moulding) is being set up in Gujarat.
  • Joint venture entered into with TT Electronics, Taiwan for Driving Assistance Products & System (DAPS) and manufacturing facility being set up at Manesar.
  • Joint venture with Katolec for Electronics System Design & Manufacturing (ESDM) and Plant to be set in in Pune.

About Minda Industries Limited:

Minda Industries Limited (MIL) is a flagship Company of UNO MINDA Group. UNO MINDA, a technology leader in Auto Components Industry is a leading supplier of proprietary automotive solutions to OEMs as Tier-1. It manufactures automobile components for Original Equipment Manufacturers (OEMs). It is an INR 56 billion (US$ 875 million) Group as in 2016-17 and is rapidly expanding with increased market share across all its product lines.

The Group is a global player in the automotive sector with overseas manufacturing facilities in Indonesia, Vietnam, Spain, Mexico, Morocco & Colombia as well as Design Offices in Taiwan, Japan & Spain. It has over 50 manufacturing plants globally and has JVs/Technical Agreements with world renowned manufactures from Japan, Italy and Taiwan. Its endeavor is to deliver high technology and quality products to its valued customers globally.