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
Conference Call with Minda Corp Management and Analysts at the Chasing Growth Investor Meet. Listen to the full transcript.