Minda Corporation Limited, the flagship company of Spark Minda, announced its financial results for the second quarter and half-year ended December 31, 2024.
Minda Corp announced its consolidated quarterly revenue of Rs. 1,253 Crore, a growth of 7.4 per cent YoY. The Company achieved a quarterly EBITDA of Rs. 144 Crore, with its highest-ever EBITDA margin of 11.5 per cent, marking a 32 bps YoY improvement. Profit Before Tax (PBT) stood at Rs. 90 Crore, with a margin of 7.2 per cent up by 67 bps YoY, while Profit After Tax (PAT) reached Rs. 65 Crore, an increase of 23.5 per cent YoY, with a margin of 5.1 per cent.
Minda Corporation has formed a strategic partnership with Flash Electronics to create the fastest-growing EV platform in the country. As part of this collaboration, the Company has acquired a 49 per cent equity stake in Flash Electronics. Both companies bring complementary strengths—Minda Corporation specialises in automotive body electronics, while Flash Electronics focuses on automotive engine and powertrain electronics. This partnership will enable both partners to build a diverse and expansive product portfolio.
Commenting on the results, Ashok Minda, Chairman and Group CEO said, “Spark Minda is navigating a dynamic industry landscape with a firm commitment to building a sustainable, future-ready business. By strengthening our foundation and accelerating investments in cutting-edge technology, we are driving innovation and operational excellence. This strategic approach enables us to adapt to industry shifts while delivering lasting value to our customers and stakeholders. With a clear growth roadmap, we continue to enhance efficiency, expand capabilities, and ensure long-term success.”
In recognition of our shareholders, the Board of Directors has recommended an interim dividend of 25 per cent on the face value, i.e., Rs. 0.50 per equity share.
