Q1FY24 Quarterly Result Announced for Minda Corporation Ltd.
Auto Parts & Equipment company Minda Corporation announced Q1FY24 results: Operating revenue of Rs 1,075 crore, growth of 6.4% on a YoY basis Double-digit EBITDA margin of 10.7% Reported PAT of Rs 45 crore with a margin of 4.2% Lifetime order wins of more than Rs 3,000 crore with EV constituting 50% of orders won Commenting on the results, Ashok Minda, Chairman and Group CEO said, “I am pleased to announce, Minda Corporation achieved a quarterly revenue of Rs 1,075 crore. The company’s EBITDA for the quarter stood at Rs 115 crore with an EBITDA margin of 10.7%, and PBT of Rs 63 crore compared to Rs 71 crore YoY We have done investments in capacity addition and new technology. We also secured multiple significant orders in new technology and mobility segments. This will further accelerate our growth and deliver maximum value to all our stakeholders in the years to come.” Result PDF03-08-2023