- Minda Corp reports a 7.4% YoY revenue growth in Q3 FY25, reaching ₹1,253 crore.
- PAT rises by 23.5% YoY to ₹65 crore, with EBITDA margin at an all-time high of 11.5%.
- Partners with Flash Electronics to strengthen EV technology portfolio.
Steady Growth in Q3 and 9M FY25
Minda Corporation Limited (Minda Corp), the flagship company of Spark Minda, has posted strong financial results for Q3 FY25. The company recorded a 7.4% year-on-year (YoY) revenue growth, reaching ₹1,253 crore. EBITDA stood at ₹144 crore, marking an improvement in margins to 11.5%, the highest ever for the company. Profit After Tax (PAT) also saw a significant 23.5% YoY increase to ₹65 crore.
For the first nine months of FY25, consolidated revenue rose 8.7% YoY to ₹3,735 crore, while PAT surged 30% YoY to ₹203 crore. The company attributes this growth to strong demand across its automotive business and a strategic focus on premium and EV components.
EV Push: Partnership with Flash Electronics
In a significant move, Minda Corp has partnered with Flash Electronics to strengthen its presence in the electric vehicle (EV) segment. The company has acquired a 49% stake in Flash Electronics, combining its expertise in automotive body electronics with Flash’s strength in engine and powertrain electronics.
This collaboration aims to build a diverse EV product portfolio, positioning Minda Corp as a key player in India’s growing EV component industry. With government policies promoting electric mobility, this move is expected to accelerate the company’s long-term growth.
Dividend Announcement
To reward shareholders, Minda Corp’s Board has declared an interim dividend of 25% (₹0.50 per share). This reflects the company’s confidence in its financial performance and future growth prospects.
How It Compares to Competitors
Minda Corp competes with Bharat Forge, Bosch, and Endurance Technologies in the auto component space. While its rivals have a strong presence in traditional ICE components, Minda Corp’s strategic push into EV technology sets it apart. Its partnership with Flash Electronics could give it a competitive edge in high-growth EV segments, similar to Bosch’s EV-focused initiatives.
With the auto sector witnessing a shift towards electrification, Minda Corp’s focus on innovation and technology-driven solutions could drive sustained growth in the coming years.