Mindteck posts 28.72% yoy growth in PAT at Rs10.98 crore for FY22; stock plunges 5%

Mindteck (India) Limited, the worldwide engineering and know-how options firm with area of interest information and experience within the storage, medical gadget, semiconductor, and analytical instrument industries, reported its audited monetary outcomes for the 12 months ended March 31, 2022.

The corporate’s consolidated income for the 12 months ended March 31, 2022, stood at Rs298.78 crore, as in comparison with Rs286.72 crore for the earlier 12 months ended March 31, 2021. The corporate reported a consolidated web revenue of Rs33.31 crore (together with an distinctive merchandise of Rs18.18 crore) for the 12 months ended March 31, 2022, as in comparison with a consolidated web revenue of Rs10.86 crore for the earlier 12 months ended March 31, 2021.

The corporate’s standalone income for the 12 months ended March 31, 2022, was Rs114.25 crore, as towards Rs103.98 crore for the earlier 12 months ended March 31, 2021. Standalone Web revenue for the 12 months ended March 31, 2022, was reported at Rs10.98 crore as towards a revenue of Rs8.53 crore in FY21.

Mindteck is at the moment buying and selling at Rs132.75 down by Rs7.6 or 5.42% from its earlier closing of Rs140.35 on the BSE. The scrip opened at Rs137.60 and has touched day’s excessive and low of Rs137.60 and Rs130 respectively.