Minda Corporation Q1 Results: Net profit rises 1.7% YoY to Rs 65 crore, Revenue up 16.2%
EBITDA stood at Rs 156 crore, up 18.6% YoY, with a margin of 11.3%, marking a 23 basis points improvement. Profit before tax came in at Rs 71 crore, down 16.2% YoY.
During the quarter, the company entered a joint venture with Toyodenso to manufacture advanced automotive switches in India and collaborated with Qualcomm to co-develop smart cockpit solutions powered by the Snapdragon® Cockpit Platform.
Chairman and Group CEO Ashok Minda said the company remained focused on operational excellence, technology integration, and customer-centric initiatives to strengthen its market position.
The Noida-based company aims to broaden its product portfolio through sustained R&D investments and strengthen partnerships to address evolving customer needs.
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Aditya Bhagchandani serves as the Senior Editor and Writer at Business Upturn, where he leads coverage across the Business, Finance, Corporate, and Stock Market segments. With a keen eye for detail and a commitment to journalistic integrity, he not only contributes insightful articles but also oversees editorial direction for the reporting team.
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