Minda Industries rose 3.14% at Rs 855 at 11:32 IST on BSE after consolidated net profit jumped 122.1% to Rs 28.85 crore on 13.8% rise in total income to Rs 635.90 crore in Q3 December 2015 over Q3 December 2014.
The result was announced after market hours yesterday, 2 February 2016.Meanwhile, the BSE Sensex was down 242.90 points, or 0.99%, to 24,296.10
On BSE, so far 19,000 shares were traded in the counter, compared with an average volume of 10,759 shares in the past one quarter. The stock hit a high of Rs 877.50 and low of Rs 838 so far during the day. The stock hit a record high of Rs 996 on 4 January 2016. The stock hit a 52-week low of Rs 475 on 8 September 2015. The stock had underperformed the market over the past one month till 2 February 2016, falling 10.01% compared with 6.20% decline in the Sensex. The scrip, however, outperformed the market in past one quarter, gaining 45.5% as against Sensex's 7.61% fall.
The small-cap company has an equity capital of Rs 15.87 crore. Face value per share is Rs 10.
Minda Industries' adjusted EBITDA (earnings before interest, taxes, depreciation and amortization) (including income from other investments) rose 51% to Rs 67 crore in Q3 December 2015 over Q3 December 2014. EBITDA (including income from other investments) margin expanded to 10.63% in Q3 December 2015 from 7.95% in Q3 December 2014. Profit before tax (PBT) (before exceptional item) for the consolidated entity grew 118% to Rs 38 crore for Q3 December 2015 over Q3 December 2014.
Minda Industries is part of UNO Minda. UNO Minda is a technology leader in auto components industry and a leading Tier 1 supplier of proprietary automotive solutions to original equipment manufacturers (OEM)'s.
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