Minda Corporation Limited — Important, 13-02-2025: Updates

Minda Corporation Limited reported robust financial performance for the quarter and nine months ended December 31, 2024. The consolidated revenue reached Rs. 1,253 Crore, reflecting a 7.4% year-on-year growth, while EBITDA stood at Rs. 144 Crore, achieving an impressive EBITDA margin of 11.5%. Net Profit After Tax (PAT) grew significantly by 23.5% YoY to Rs. 65 Crore, with a PAT margin of 5.1%.

In strategic developments, Minda Corporation has entered a joint venture by acquiring a 49% stake in Flash Electronics, enhancing its capabilities in the EV sector. The Board has also declared an interim dividend of 25%, amounting to Rs. 0.50 per share, and set a record date for February 12, 2025.

The company’s consistent growth and strategic alignments suggest a positive outlook, positioning it well for further expansion in the evolving automotive landscape. Investors should monitor Minda Corporation for potential growth and increased shareholder value.