Conference Call with Minda Corporation Management and Analysts on Q1FY24 Performance and Outlook. Listen to the full earnings transcript.
Auto Parts & Equipment company Minda Corporation announced Q1FY24 results: Operating revenue of Rs 1,075 crore, growth of 6.4% on a YoY basis Double-digit EBITDA margin of 10.7% Reported PAT of Rs 45 crore with a margin of 4.2% Lifetime order wins of more than Rs 3,000 crore with EV constituting 50% of orders won Commenting on the results, Ashok Minda, Chairman and Group CEO said, “I am pleased to announce, Minda Corporation achieved a quarterly revenue of Rs 1,075 crore. The company’s EBITDA for the quarter stood at Rs 115 crore with an EBITDA margin of 10.7%, and PBT of Rs 63 crore compared to Rs 71 crore YoY We have done investments in capacity addition and new technology. We also secured multiple significant orders in new technology and mobility segments. This will further accelerate our growth and deliver maximum value to all our stakeholders in the years to come.” Result PDF
Auto parts & equipment company Minda Corporation announced Q4FY23 results: Operating revenue of Rs 1,075 crore with a growth of 13% on a YoY basis Eleventh successive quarter of double-digit EBITDA margin of 10.9% Reported PAT of Rs 122 crore with a margin of 11.3% Commenting on the results, Ashok Minda, Chairman and Group, CEO said, “I am delighted to announce that Minda Corporation has achieved a significant revenue increase in FY 22-23, demonstrating a remarkable 45% year-on-year growth with double-digit EBITDA margins. This outstanding performance can be attributed to our strong product portfolio, expanding customer base, and emphasis on product premiumisation. In recognition of our shareholders, the board of directors has recommended a Final dividend of 40% on the face value i.e. Rs 0.80 per equity share, taking the total dividend for the year to 60%, i.e. Rs 1.20 per equity share.” He added, "As we move forward, we will focus on customer-centricity, driving innovation, and advancing research and development to deliver exceptional value to all our stakeholders.” Result PDF