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Minda Corporation reports a 25.42% profit jump, citing expanded customer base and new tech partnerships.
Minda Corporation, an Indian auto parts supplier, reported a 25.42% increase in its profit after tax to Rs 74 crore, with revenue up 7.9% to Rs 1,290 crore in Q2 FY25.
The company achieved its highest EBITDA at Rs 147 crore, attributing growth to an expanding customer base and product premiumization.
Minda also signed a technology agreement with SANCO (China) and expanded production capabilities.
Uno Minda reported a 17% revenue increase to Rs 4,245 crore, with EBITDA and PAT up 20% and 9% respectively, driven by strong demand across multiple segments.
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Minda Corporation reporta un aumento del 25,42% de beneficios, citando la base de clientes expandida y nuevas alianzas tecnológicas.