Earnings Call for Q3FY22 of Minda Corporation
Conference Call with Minda Corporation Management and Analysts on Q3FY22 Performance and Outlook. Listen to the full earnings transcript.04-02-2022
04-02-2022
Minda Corporation Ltd - 538962 - Statement Of Deviation(S) Or Variation(S) Under Regulation 32 Of SEBI For The Quarter Ended On December 31, 2021
Statement of deviation(s) or variation(s) under regulation 32 of SEBI for the quarter ended on December 31, 202104-02-2022
Minda Corporation Ltd - 538962 - Board declares Interim Dividend
Minda Corporation Ltd has informed BSE that the Board of Directors of the Company at its meeting held on February 04, 2022, inter alia, have considered and approved the following: -- Declaration of Interim dividend @ 15% i.e. Rs. 0.30/- per equity share on 239,079,428 equity shares of Rs. 2/- (Rupees Two) each.Dividend shall be paid/ dispatched on or before March 04, 2022.04-02-2022
Minda Corporation Ltd - 538962 - Earnings Presentation On The Un-Audited Financial Results For Q3 And Nine Months Ended On December 31, 2021
Earnings Presentation on the Un-Audited Financial Results for Q3 and Nine Months ended on December 31, 202104-02-2022
Minda Corporation Ltd - 538962 - Fixing Record Date For Payment Of Interim Dividend For The Year 2021-22
Fixing Record Date For Payment Of Interim Dividend For The Year 2021-2204-02-2022
Q3FY22 Quarterly Result Announced for Minda Corporation Ltd.
Autoparts company Minda Corporation announced Q3FY22 results: Minda Corporation delivered Operating Revenue of Rs. 7,383 million in a challenging business environment EBITDA of Rs. 787 million with operating margins of 10.7% Profit After Tax stood at Rs.699 million with PAT Margins of 9.4% Board of Directors announced an interim dividend of Rs. 0.30 per share Acquisition of Stake from Stoneridge in the Joint Venture was completed in the quarter. Commenting on the results, Mr. Ashok Minda, Chairman and Group CEO said: “In the third quarter of FY22, Auto industry continue to be plagued with challenges in supply chain, threat from covid waves and overall subdued sentiments. There was broad based impact on all vehicle segments and the industry declined by ~10% on Quarter-on-Quarter basis. On a Year-on-Year basis, industry has declined by ~20% as last year Q3 FY21 recorded steep pent-up demand and filing of BS-VI inventory during that period. Amidst these challenging circumstances, Minda Corp has delivered consistent and stable performance with Consolidated Revenue of Rs. 7,383 million. The Companies EBITDA margin improved to 10.7% on sequential basis. Our PAT came at Rs.699 million which had an exceptional gain of Rs.327.4 million due to revaluation of our stake in Minda Stoneridge. I would also like to emphasize that Companies’ stable performance is an indicator of our underlying strong business fundamentals. Our focus continues to remain on strengthening our core business. We continue to move forward with a prudent approach. In line with our vision, we recently filed an application for Production Linked Incentive Scheme to develop best-in-class and industry leading products. Also, the transaction for the acquisition of Minda Stoneridge has been completed, and the entity has now become a wholly-owned subsidiary of Minda Corp. The acquisition will aid in augmenting our core capabilities. We have further strengthened our leadership by welcoming Mr. Vinod Raheja as ‘Group Chief Financial Officer. His steady leadership and vast experience will further help us in creating value for all stakeholders. He will be instrumental in strategic finance, strengthening controls and robust governance. Looking ahead, industry outlook in near term will be determined by ongoing omicron wave, improvement in semiconductor supplies and consumer sentiments. However, we expect to continue our consistent growth strategy by strengthening the core business and diversifying in new opportunities which MEGA trends is bringing." Result PDF04-02-2022
Minda Corporation Ltd - 538962 - Board Meeting Outcome for Proceedings Of Board Meeting Of Minda Corporation Limited Held On Friday, February 04, 2022 Along With Un-Audited Financial Results For The Quarter And Nine Months Ended On December 31, 2021 And Limited Review Report (LRR)
Proceedings of Board Meeting of Minda Corporation Limited held on Friday, February 04, 2022 along with Un-Audited Financial Results for the quarter and nine months ended on December 31, 2021 and Limited Review Report (LRR)04-02-2022
Minda Corporation Ltd - 538962 - Schedule For Conference Call For Q3FY22
Schedule for Conference Call for Q3FY2227-01-2022
Minda Corporation Ltd - 538962 - Board Meeting Intimation for Information Under Regulation 29 Of SEBI (LODR) Regulations, 2015 And To Consider The Interim Dividend, If Any
Minda Corporation Ltdhas informed BSE that the meeting of the Board of Directors of the Company is scheduled on 04/02/2022 ,inter alia, to consider and approve Information under Regulation 29 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 regarding consideration of the Standalone and Consolidated Un-Audited Financial Results for the quarter and nine months ended on December 31, 2021 and also to consider the interim dividend, if any27-01-2022
Minda Corporation Ltd - 538962 - Grant Of 2,00,000 Employee Stock Options Under 'Minda Corporation Employee Stock Option Scheme 2017'
Grant of 2,00,000 Employee Stock Options under 'Minda Corporation Employee Stock Option Scheme 2017'14-01-2022