Munjal Auto Industries company posted a very good performance for Q4FY17. Mainly on the back of lower cost – operating as well as interest costs plus a rise in other income is what truly helped the company end the quarter with a 50% (YoY) rise in net profit at Rs.9 crore. Other income rose from Rs.44 lakh to Rs.1 crore and costs were down 7% and interest costs fell 40%. Net revenue was actually down 6% at Rs.234 crore.

Lowering of expenses also helped the EBITDA, which was up 8% at Rs.15.5 crore while margins rose from 6% to 7%.

The company ended FY17 with a 60% jump in net profit at Rs.32 crore. Equity is currently at Rs.10 crore and EPS came in at Rs.6.35 v/s Rs.4.02 (FV of Rs.2). Post the 1:1 bonus, equity will double to Rs.20 crore.