Minda Corporation Limited — Important, 19-11-2024: Updates

Minda Corporation has shown balanced growth in Q2 FY25, achieving record quarterly revenue of INR 1,290 crores, up 8% year-over-year and 8.2% quarter-over-quarter. EBITDA reached its highest-ever value at INR 147 crores, reflecting an EBITDA margin of 11.4%. The company reported a PAT of INR 74 crores, translating to a margin of 5.8%. Notably, lifetime order wins surpassed INR 2,400 crores, with electric vehicle platforms contributing over 25% of the total.

Strategic initiatives include plans for four new facilities to support the growing demand for existing and electric products. The company also secured a technological partnership with Sanco to enhance its wiring harness offerings and signed two strategic partnerships. With the domestic OE business outperforming the industry, Minda Corporation is positioned to capitalize on opportunities in the expanding Indian automotive market, especially as it navigates challenges in export markets and the commercial vehicle sector. Overall, the outlook remains positive, with potential growth expected as consumer demand rebounds in H2.