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

Minda Corporation Limited delivered robust financial results for Q2, achieving a record revenue of Rs. 1,290 Cr, reflecting an approximately 8% year-on-year increase. The company posted its highest-ever quarterly EBITDA of Rs. 147 Cr, corresponding to an 11.4% margin, representing a 38 basis points improvement YoY. Net profit after tax rose by 26.5% YoY to Rs. 74 Cr, with a margin of 5.8%. This strong performance is attributed to an extensive product range, a growing customer base, and a focus on product premiumization.

In the first half of FY2025, Minda secured lifetime orders exceeding Rs. 4,750 Cr, with over 25% from electric vehicle (EV) segments. Additionally, strategic expansions at its plants in Pune and Greater Noida enhance production capabilities. The introduction of a Technology Licensing Agreement with SANCO will bolster its EV product offerings. Minda Corp's outlook remains positive, driven by continuous innovation and market presence expansion, presenting significant growth opportunities for investors.