Minda Corporation Limited, the flagship entity of Spark Minda, has posted its highest-ever quarterly consolidated revenue of ₹1,290 crore for Q2 FY2025, marking an 8% year-over-year (YoY) growth. This surge in revenue is coupled with a notable 11.4% operating margin, an increase of 38 basis points YoY. The company’s Profit After Tax (PAT) rose to ₹74 crore, reflecting a 26.5% YoY increase and bringing the PAT margin to 5.8%.
The growth in financial performance is attributed to Minda Corporation’s broad product portfolio and expanding customer base, along with strategic efforts toward product premiumization.
Minda Half-Year Results and Key Financial Metrics
For the first half of FY2025, Minda Corporation achieved consolidated revenue of ₹2,482 crore, a 9.3% increase from the previous year. EBITDA for the half-year stood at ₹278 crore, maintaining a margin of 11.2%. Profit After Tax reached ₹139 crore, with a YoY increase of 33.2% and a margin of 5.6%. These results reinforce the company’s strategic focus on strengthening its market presence in both internal combustion engine (ICE) and electric vehicle (EV) segments.
Strategic Initiatives and Partnerships
In Q2 FY2025, Minda Corporation entered into a Technology Licensing Agreement with SANCO, a Chinese firm, to enhance its electrical distribution systems (EDS) for electric vehicles. This partnership enables the local development of advanced EV components, including connecting systems, charging gun assemblies, bus bars, and power distribution units (PDUs). This step positions Minda Corporation to meet growing demand in the electric vehicle sector.
Order Intake and EV Segment Growth
Minda Corporation secured lifetime orders totaling over ₹4,750 crore in the first half of FY2025. Notably, over 25% of these orders are from the EV sector, underscoring the company’s strategic shift towards sustainable automotive solutions. In addition, the company reported multiple first-time wins in both ICE and EV categories, which reflect its evolving role in next-generation mobility solutions.
Capacity Expansion at Key Facilities
To support its growth trajectory, Minda Corporation has undertaken capacity expansions at its Die Casting and Instrument Cluster facilities in Pune and Greater Noida. The company has installed advanced equipment at these sites, enhancing production capabilities and supporting increasing demand across ICE and EV segments.
Minda Future Outlook
Ashok Minda, Chairman and Group CEO, emphasized the company’s commitment to innovation, operational efficiency, and portfolio enhancement. Minda Corporation is focused on meeting evolving customer demands while increasing cost efficiencies. These efforts are part of a broader strategy to sustain growth and strengthen the company’s market presence.