Minda Corporation Delivered Consolidated Revenue of Rs. 4,651 Cr at Operating Margin of 11.1%
3 min readMinda Corporation Limited (known as “Minda Corp” or the “Company”; NSE: MINDACORP, BSE: 538962), the flagship firm of Spark Minda as we speak introduced its monetary outcomes for the fourth quarter and Financial yr ended March 31, 2024.
Consolidated This fall & FY24 Performance
Highest Ever Operating Revenue of Rs. 1,215 Cr, a development of 13.1% YoY
EBITDA margin of 11.4%, a rise of 52 bps YoY
Reported PAT of Rs. 71 Cr with a margin of 5.8%
Highest Ever Operating Revenue of Rs. 4,651 Cr with a development of 8.2%
EBITDA margin of 11.1%, a rise of 33 bps YoY
Reported PAT of Rs. 227 Cr with a margin of 4.9%
Minda Corporation reported highest ever consolidated quarterly income of Rs. 1,215 Cr, marking 13.1% YoY development. This efficiency is attributed to our sturdy product portfolio, increasing buyer base, and give attention to product premiumisation. During the quarter, the Company achieved highest ever EBITDA of Rs. 139 Cr with a margin of 11.4%, showcasing 52 bps YoY development. PBT reached Rs. 92 Cr, with a margin of 7.5%, and PAT amounting to Rs. 71 Cr with a margin of 5.8%, partially impacted by enhance in finance value and depreciation as a consequence of capability enlargement and technological upgrades.
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One of Spark Mindas manufacturing services
During the yr, Company secured lifetime orders price greater than Rs. 10,000 Cr with EVs constituting over 30% of the orders. Moreover, the Company secured a number of first-time ever orders for each legacy and new expertise merchandise from key OEM’s showcasing our increasing capabilities in delivering sustainable mobility options.
Commenting on the outcomes, Mr. Ashok Minda, Chairman and Group CEO stated, “Our resilient efficiency this yr underlines our dedication to sustainable enterprise practices and innovation. Achieving document income and sturdy development displays our give attention to premiumisation and transformation. As one of the main gamers in good mobility house, our increasing EV order books, investments in superior applied sciences and sustainable options reaffirm our dedication to driving sustainable development.”
In recognition of our shareholders, the board of administrators have really helpful last dividend of 45% i.e Rs. 0.90 per fairness share on the face worth, taking the entire dividend for the yr to 70% i.e. Rs.1.40 per fairness share.
Our dedication to analysis and innovation is underlined by the submitting of 26 new patents this yr, rising patent portfolio to over 270, highlighting our relentless pursuit of technological development. Additionally, we had been granted 69 patents in FY24, highest ever since inception.
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Financial Highlights
About Minda Corporation (BSE: 538962; NSE: MINDACORP)
Minda Corporation is one of the main automotive element manufacturing corporations in India with a pan-India presence and important worldwide footprint. The Company was integrated in 1985. Minda Corporation is the flagship firm of Spark Minda, which was half of the erstwhile Minda Group. The Company has a diversified product portfolio that encompasses Mechatronics; Information and Connected Systems and Plastic and Interior for auto OEMs. These merchandise cater to 2/3 wheelers, passenger automobiles, industrial automobiles, off-roaders and after-market. The Company has a diversified buyer base together with Indian and world authentic tools producers and Tier-1 clients.
For assimilating the most recent applied sciences, Minda Corporation has a devoted R&D facility and collaborations with the pioneers and leaders of the car business. This has supplied Minda Corporation with the cutting-edge in product design and expertise to satisfy strict worldwide high quality requirements.
For additional info on Minda Corporation go to www.sparkminda.com
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