Minda industries Ltd (MIL) is a diversified auto ancillary supplier, manufacturing products such as switches, horns, lights & others, having a leadership position in switch business with a market share of 67%. MIL displayed stupendous sales for Q1FY19 on a consolidated basis with a revenue growth of 51%YoY. This was largely led by consolidation, switch business & other divisions. Standalone revenue grew by 22%YoY. EBITDA margin expanded by 120bps due to operating efficiency, superior product mix and higher capacity utilization....