This performance is driven by a robust product lineup, an ever-growing customer base, and a focus on product enhancement, the company said.
For the quarter, Minda Corporation achieved an EBITDA of INR 132 crore, maintaining an 11.1% margin, representing a growth of 38 basis points from the previous year. The profit before tax (PBT) reached INR 84 crore, with a margin of 7%, showing a 114 basis points improvement Y-o-Y. PAT was reported at INR 64 crore, with a margin of 5.3%, up by 42% YoY.
During this quarter, Minda Corporation signed a Joint Venture Agreement with HCMF for providing Automotive Sunroof Solutions and Closure Systems. This 50:50 partnership is aimed at delivering advanced technology backed by state-of-the-art manufacturing of sunroof and closure systems for passenger cars through localized production in India.
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 well-positioned 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.”
Looking ahead, Minda Corporation aims to consistently broaden its product portfolio and remain competitive through strategic investments in research and development. The company also intends to focus on partnerships to leverage technological advancements to meet evolving customer needs.
Minda Corporation, incorporated in 1985, is a leading player in automotive component manufacturing in India with a significant international footprint. The company, a flagship entity of Spark Minda, which was originally part of an erstwhile Minda Group, offers a diversified product portfolio. It includes Mechatronics, Information and Connected Systems, and Plastic and Interior parts for automotive original equipment manufacturers (OEMs). These products cater to a wide array of vehicles including two-wheelers, three-wheelers, passenger cars, commercial vehicles, off-roaders, and after-market sectors.
The company’s customer base is diverse, encompassing both Indian and global OEMs and Tier-1 clients. Minda Corporation has a dedicated R&D facility and has established collaborations with industry pioneers to assimilate the latest technologies. This focus on innovation has enabled the company to engage in advanced product design and meet strict international quality standards.
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