Minda Corporation has reported a consolidated revenue of INR 1,253 crore for the third quarter of FY25, reflecting a 7.4 per cent year-on-year growth. The company achieved its highest-ever EBITDA margin of 11.5 per cent, marking an improvement of 32 basis points compared to the same quarter last year. Profit after tax (PAT) rose by 23.5 per cent to INR 65 crore, with a margin of 5.1 per cent. The company’s profit before tax (PBT) stood at INR 90 crore, achieving a margin of 7.2 per cent, up by 67 basis points from the previous year.
For the nine-month period ending December 31, 2024, Minda Corporation recorded a total revenue of INR 3,735 crore, representing an 8.7 per cent year-on-year growth. EBITDA for the period stood at INR 422 crore, with an EBITDA margin of 11.3 per cent, improving by 36 basis points. PAT for the first nine months of FY25 grew by 30 per cent, reaching INR 203 crore, with a margin of 5.4 per cent.
In a significant move to strengthen its presence in the electric vehicle segment, Minda Corporation has entered into a strategic partnership with Flash Electronics. As part of this collaboration, the company has acquired a 49 per cent equity stake in Flash Electronics. Minda Corporation specialises in automotive body electronics, while Flash Electronics focuses on engine and powertrain electronics. This partnership is expected to create one of the fastest-growing EV platforms in India by leveraging the combined strengths of both companies and expanding their product offerings.
Ashok Minda, Chairman and Group CEO, stated that the company’s investment in advanced technology and operational efficiency as key drivers of growth. He also reaffirmed Minda Corporation’s commitment to adapting to industry shifts while ensuring long-term success for customers and stakeholders.
In recognition of its shareholders, the company’s Board of Directors has announced an interim dividend of 25 per cent on the face value, amounting to INR 0.50 per equity share.
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