Minda Corp reported a record quarterly revenue of INR 1,290 crore, representing an 8% year-over-year increase.Minda Corp achieved its highest-ever quarterly revenue and EBITDA, driven by a strong product portfolio and an expanding customer base. The company's Q2 FY2025 results demonstrate significant growth, strategic partnerships, and capacity expansions. Minda Corp secured substantial lifetime orders, with a notable portion from the EV sector, reflecting its focus on emerging technologies.
Minda Corp reported a record quarterly revenue of INR 1,290 crore, representing an 8% year-over-year increase. The company's EBITDA reached INR 147 crore, with an 11.4% margin, up 38 basis points year-over-year. Profit before tax (PBT) grew 100 basis points year-over-year to INR 96 crore, with a 7.4% margin. Profit after tax (PAT) surged 26.5% to INR 74 crore, reflecting a 5.8% margin.
What led to this growth?
The company attributes its strong performance to a robust product portfolio, an expanding customer base, and a focus on product premiumisation. During the quarter, Minda Corp signed a technology licensing agreement with SANCO (China) to develop advanced Electrical Distribution Systems (EDS) solutions locally. This partnership will expand Minda Corp's EV product portfolio with components like EV connecting systems, charging gun assemblies, bus bars, and power distribution units.
H1 FY2025 performance
In the first half of FY2025, Minda Corp secured lifetime orders exceeding INR 4,750 crore, with electric vehicles (EVs) constituting over 25% of the orders won during the quarter. The company secured significant orders across existing and emerging technology products, including strategic wins in the internal combustion engine (ICE) and EV segments.
“We sustained strong growth momentum in Q2 FY2025, highlighting the resilience of our business model and the impact of our strategic initiatives. This growth has enabled us to expand market presence and consistently create value for our stakeholders. As we move forward, we remain committed to investing in innovation, enriching our product portfolio to meet our customers’ evolving demands, and driving greater cost efficiencies and agility across our operations,” stated Ashok Minda, Chairman and Group CEO.
Minda Corporation expanded its Die Casting and Instrument Cluster plants in Pune and Greater Noida, respectively. The company enhanced production capabilities at both facilities with new advanced equipment.
