Minda Corporation Limited — Important, 12-11-2024: Updates

Minda Corporation reported impressive figures for Q2 FY2025, achieving the highest quarterly revenue of ₹1,290 Cr, an 8% year-on-year growth. The EBITDA margin stood at 11.4%, reflecting a 38 basis points increase from the previous year. The PAT for the quarter was ₹74 Cr, surging by 26.5%. The company filed 14 new patents, totaling over 285 patents in its portfolio. Its order book has exceeded ₹4,750 Cr, signifying strong demand and market confidence, particularly in the electric vehicle (EV) sector, which now constitutes 25% of the order book.

Moreover, Minda Corporation entered into two strategic partnerships, including a significant technology licensing agreement with SANCO to develop EV connection systems. This partnership underscores Minda's commitment to expanding its offering in the rapidly growing EV market and may enhance its competitive edge. Overall, Minda appears well-positioned for growth, with a positive outlook driven by strong performance in domestic two-wheelers and innovations in EV technologies. Investors should watch closely as the company continues to leverage these strengths in a challenging macroeconomic environment.