Q1FY21 results: Minda Industries records net loss of Rs 118.74 crore
Minda Industries Limited announced its Q1FY21 results on Aug 22, 2020. The company reported consolidated net sales of Rs 417.11 crore in Q1FY21, which declined by 71.03 per cent YoY from Rs 1439.75 crore in Q1FY20.
The company posted EBITDA of Rs -153.17 crore in Q1FY21 that decreased by 289.43 per cent YoY. For Q1FY20, it had posted EBITDA of Rs 80.86 crore. EBITDA margin as of Q1FY21 was at -36.72 per cent that declined by 42.34 per cent YoY. EBITDA margin for Q1FY20 was 5.62 per cent.
The consolidated net profit in Q1FY21 came in at Rs -118.74 crore, which declined by 310.42 per cent, as compared to Q1FY20, when it reported a profit of Rs 56.43 crore. The net profit margin in Q1FY21 came in at -28.47 per cent, which declined by 32.39 per cent YoY. The net profit margin for Q1FY20 was 3.92 per cent.
On Friday, share price of the company closed at Rs 341.5, up by 0.25 per cent.
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Particulars
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Q1FY21 (Rs in cr)
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Q1FY20 (Rs in cr)
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Per cent change
|
|
Net Profit
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-118.74
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56.43
|
-310.42
|
|
Net Revenue
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417.11
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1,439.75
|
-71.03
|
|
Operating Profit
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-153.17
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80.86
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-289.43
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EBITDAM%
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-36.72
|
5.62
|
-42.34
|
|
PATM%
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-28.47
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3.92
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-32.39
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