Minda Corporation Q2FY25 results: Net profit rises 25.42% to Rs 74 cr

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Minda Corporation Q2FY25 results: Net profit rises 25.42% to Rs 74 cr - Business Standard

Quick Summary:

Auto parts maker Minda Corporation on Tuesday reported a 25.42 per cent on-year jump in consolidated Profit After Tax at Rs 74 crore in the second quarter ended September 30, 2024 driven by an expanding customer base and product premiumisation.

Consolidated revenue for the quarter under review stood at Rs 1,290 crore, from Rs 1,196 crore in the September quarter of the previous fiscal year, a growth of 7.9 per cent year-on-year, the company said.

The company said it achieved its highest-ever quarterly EBITDA (earnings before income, taxes, depreciation and amortisation) at Rs 147 crore with an 11.4 per cent margin, reflecting a 38 basis points year-on-year increase.