 "Minda Industries hits 52-week high on strong Q2 results")
Minda Industries is locked in upper circuit of 20% at Rs 696, also its 52-week high on BSE, after the company said its net profit after excluding tax-adjusted exceptional items has increased by 110% year on year (YoY) to Rs 26 crore in September 30, 2015 (Q2FY16) quarter.
The consolidated revenue during the quarter grew 19% year on year at Rs 652 crore against Rs 546 crore in the corresponding quarter of previous fiscal.
Operating or EBITDA (earnings before interest, tax, depreciation and amortization) margin expanded by 294 basis points to 9.7% in Q2FY16.
The company is engaged in the business of manufacturing of auto components including auto electrical parts, such as switches, lightings, batteries and blow moulded products.
Till 09:30 AM, a combined 210,243 shares changed hands and there were pending buy orders for 47,487 shares on the BSE and NSE.
The consolidated revenue during the quarter grew 19% year on year at Rs 652 crore against Rs 546 crore in the corresponding quarter of previous fiscal.
Operating or EBITDA (earnings before interest, tax, depreciation and amortization) margin expanded by 294 basis points to 9.7% in Q2FY16.
The company is engaged in the business of manufacturing of auto components including auto electrical parts, such as switches, lightings, batteries and blow moulded products.
Till 09:30 AM, a combined 210,243 shares changed hands and there were pending buy orders for 47,487 shares on the BSE and NSE.
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