Minda Industries Ltd. posted robust results for FY16, maintaining its growth momentum. Consolidated sales at Rs. 2,506 crores for FY16 as against Rs. 2,206 crores in FY15 represents a growth of 14 per cent y-o-y.
The company reported EBITDA of Rs. 244 crores, a growth of 50 per cent year on year. The EBITDA margin expanded by 239 basis points to 9.75 per cent for FY16. PBT (before exceptional item) for the consolidated entity grew to Rs. 139 crores for FY16 as against Rs. 63 crores for FY15, a growth of 121 per cent year on year. Profit after tax and minority interest increased by 64 per cent from Rs. 68 crores in FY15 to Rs. 111 crores in FY16. PAT after MI margin at 4.43 per cent in FY16 from 3.08 per cent in FY15 represented an expansion of 135 basis points.
EPS for the company is at Rs. 69.9 per share during FY16 as compared to Rs. 42.8 per share.
Consolidated ROCE has consistently improved from 6 per cent in FY14 to 15 per cent in FY15 and to 18.2 per cent in FY16. Consolidated ROE also improved from 2.3 per cent in FY14 to 18.6 per cent in FY15 and to 26.4 per cent in FY16.