Minda Corporation reported highest highest-ever consolidated quarterly revenue of Rs 1,215 crore, marking 13.1% YoY growth. This performance is attributed to our robust product portfolio, expanding customer
base, and focus on product premiumisation. During the quarter, the Company achieved the highest-ever EBITDA of Rs 139 crore with a margin of 11.4%, showcasing 52 bps YoY growth.
PBT reached Rs 92 crore, with a margin of 7.5%, and PAT amounting to Rs 71 crore with a margin of 5.8%, partially impacted by an increase in finance cost and depreciation due to capacity expansion and technological upgrades.
During the year, the company secured lifetime orders worth more than Rs 10,000 crore with EVs constituting over 30% of the orders. Moreover, the company secured multiple first-time-ever orders for both legacy and new technology products from key OEMs showcasing our expanding capabilities in delivering sustainable mobility solutions.
Commenting on the results, Ashok Minda, Chairman and Group CEO said, “Our resilient performance this year underlines our commitment to sustainable business practices and innovation. Achieving record revenue and robust growth reflects our focus on premiumisation and transformation. As one of the leading players in the smart mobility space, our expanding EV order books, investments in advanced technologies and sustainable solutions reaffirm our commitment to driving sustainable growth.”
In recognition of our shareholders, the board of directors have recommended a final dividend of 45% per equity share on the face value, taking the total dividend for the year to 70% per equity share. Our commitment to research and innovation is underlined by the filing of 26 new patents this year, increasing our patent portfolio to over 270, and highlighting our relentless pursuit of technological advancement. Additionally, we were granted 69 patents in FY24, the highest ever since inception.
