Conference Call with Minda Corporation Ltd. Management and Analysts on Q1FY25 Performance and Outlook. Listen to the full earnings transcript.
Auto Parts & Equipment company Minda Corporation announced Q1FY25 results: Consolidated Revenue of Rs 1,192 crore, an increase of 11.0% YoY EBITDA Margin of 11.1%, marking an increase of 38 bps YoY PAT of Rs 64 crore, an increase of 42.0% YoY with a margin of 5.3% Commenting on the results, Ashok Minda, Chairman and Group CEO said, “The first quarter of FY25 began on a positive note with overall demand rising across most vehicle segments, year-on-year basis. Through our focus on key initiatives, financial prudence, and commitment to excellence, we are wellpositioned to surpass industry expectations. We aim for steady growth in our current businesses while expanding our reach through increased exports and a larger customer base. Our dedication to delivering high-quality products and solutions ensures that we consistently meet and exceed customer expectations.” Result PDF
Conference Call with Minda Corporation Management and Analysts on Q4FY24 Performance and Outlook. Listen to the full earnings transcript.
Auto Parts & Equipment company Minda Corporation announced Q4FY24 results: Highest Ever Operating Revenue of Rs 1,215 crore, a growth of 13.1% YoY EBITDA margin of 11.4%, an increase of 52 bps YoY Reported PAT of Rs 71 crore with a margin of 5.8% Highest Ever Operating Revenue of Rs 4,651 crore with a growth of 8.2% EBITDA margin of 11.1%, an increase of 33 bps YoY Reported PAT of Rs 227 crore with a margin of 4.9% Commenting on the results, Ashok Minda, Chairman and Group CEO said, "Our resilient performance this year underlines our commitment to sustainable business practices and innovation. Achieving record revenue and robust growth reflects our focus on premiumisation and transformation. As one of the leading players in smart mobility space, our expanding EV order books, investments in advanced technologies and sustainable solutions reaffirm our commitment to driving sustainable growth.” In recognition of our shareholders, the board of directors have recommended final dividend of 45% i.e Rs 0.90 per equity share on the face value, taking the total dividend for the year to 70% i.e. Rs 1.40 per equity share. Our commitment to research and innovation is underlined by the filing of 26 new patents this year, increasing patent portfolio to over 270, highlighting our relentless pursuit of technological advancement. Additionally, we were granted 69 patents in FY24, highest ever since inception. Result PDF