Latest news with #MindaCorp
Mint
29-05-2025
- Business
- Mint
Minda Corp declares record date for 45% final dividend in FY25. Details here
Dividend Stock: Minda Corp declared record date on Thursday payment of Final Dividend for FY25. Company has announced 45% final dividend in FY25. Details here Minda Corporation Limited announced the Record Date for Payment of Final Dividend for the Year 2024-25. In its intimation to the National Exchange of India and the BSE or the Bombay Stock Exchange or BSE, Minda Corp intimated that its Board of Directors have fixed Thursday, August 14, 2025, as the "Record Date for Dividend Payout for identifying the list of shareholders that will be eligible to receive the final dividend. Record date implies that the shareholders who wish to reap the benefits of Dividend announcements by the company and want to receive dividend need to buy the Minda Corp shares one day prior to the record date in order to see their names appear in the list of eligible share holders to receive dividends as per T+1 Settlement procedure. Minda Corporation in its release said that the Board of Directors of the company has fixed Thursday, August 14, 2025, as the "Record Date" for the purpose of ascertaining the eligibility of shareholders for the payment of final dividend for the year 2024-25 Mindia Corporation in its intimation on the exchanges on Thursday 29 May 2025 said that it would like to notify the exchanges that the Final Divided was discussed and approved by the company's board of directors during their meeting held on Tuesday, May 27, 2025: The Minda Corp Board of Directors approved and recommended Final dividend for 239,079,428 equity shares of Rs. 2/- (Rupees Two) each, at 45% (considering the face value of shares), or Rs. 0.90/-per equity share. Minda Corp share price that had dipped to closing lows of ₹ 468.55 on the BSE on 9 May 2025 with volatility in the Indian Stock Market, however have been rebounding well. The Minda Corp share price is trading close to ₹ 528 levels now. Disclaimer: The views and recommendations made above are those of individual analysts or broking companies, and not of Mint. We advise investors to check with certified experts before making any investment decisions
Yahoo
28-05-2025
- Automotive
- Yahoo
Minda Corp Ltd (BOM:538962) Q4 2025 Earnings Call Highlights: Record Revenue and Strategic ...
Quarterly Revenue: INR 1,321 crores, a growth of 9% year on year. Quarterly EBITDA: INR 153 crores, with a margin of 11.6%. Quarterly Profit Before Tax (PBT): INR 65 crores, with a margin of 4.9%. Quarterly Profit After Tax (PAT): INR 52 crores, with a margin of 3.9%. Annual Revenue: INR 5,056 crores, a growth of 9% year on year. Annual EBITDA: INR 575 crores, a growth of 12% year on year, with a margin expansion of 31 basis points. Annual PAT: INR 255 crores, a growth of 12.5% year on year. Lifetime Orders: Exceeded INR 8,000 crores, with 25% from electric vehicle platforms. R&D Investment: Over 4% of revenues. Dividend: Final dividend of 45% on face value, totaling 75% overall. Flash Electronics Revenue: INR 1,537 crores, a growth of 15% year on year. Flash Electronics EBITDA: INR 223 crores, with a margin of 14.5%. Net Debt: INR 1,250 crores. Return on Capital Employed (ROCE): 20%. Net Debt to EBITDA: 1.8 times. Warning! GuruFocus has detected 2 Warning Sign with BOM:538962. Release Date: May 27, 2025 For the complete transcript of the earnings call, please refer to the full earnings call transcript. Minda Corp Ltd (BOM:538962) achieved its highest ever quarterly revenue of INR1,321 crores, marking a 9% year-on-year growth. The company reported its highest ever EBITDA of INR153 crore with a margin of 11.6% for the quarter. Minda Corp Ltd secured lifetime orders exceeding INR8,000 crores, with approximately 25% of new orders coming from electric vehicle platforms. The company filed 30 new patents during the year, enhancing its leadership in automotive innovation. Minda Corp Ltd's strategic partnership with Flash Electronics is expected to drive accelerated growth, with Flash Electronics achieving a 92% growth in EV product revenue. Profit after tax (PAT) for Q4 FY25 was impacted by higher finance costs due to strategic investments, resulting in a PAT margin of 3.9%. The commercial vehicle segment experienced a 3.3% decline in production volumes due to infrastructure project delays and monsoon disruptions. The company's net debt increased to INR1,250 crores, with a net debt to EBITDA ratio of 1.8 times. The sunroof plant's revenue generation has been delayed to FY27, impacting short-term revenue expectations. Higher depreciation costs from ongoing capacity expansion and technological upgrades affected profitability. Q: Appreciate the promoter family commitment for equity investment at INR550 per share. Any timeline for this investment that you can share? A: Aakash Minda, Executive Director, stated that the postal ballot voting completed by the end of April, and they expect stock exchange approval within the week. The initial 25% of the funds should be received within two weeks, with the remaining 75% to be paid by the promoters within 18 months. Q: On the sunroof plant, is it on track to start operations in Q1 FY26? How much revenue can we expect in FY26, and what can be the peak revenue? A: Aakash Minda clarified that revenues from the sunroof plant will not start in FY26 but in FY27. The plant is progressing and is part of a 50-50 joint venture. Q: For the full year FY25, how much would be your sensors revenue and specifically EV parts like chargers and converters? How do you see the outlook ahead given the strong order book skewed towards EV business? A: Aakash Minda mentioned that the sensors portfolio revenue was about INR250 to 300 crore. This is expected to grow as they localize more sensors in India. EV platforms accounted for about 8% of total sales in Q4 and 7% for the full year. Flash Electronics has 23% of its revenue from EV products, showing a 92% year-on-year growth. Q: On Flash, there is potential for cross-selling and synergies. How much cross-selling can we expect in FY26 and FY27? A: Aakash Minda stated that synergies in sourcing have already started, and benefits will be seen from Q1. Cross-selling products like die casting and wiring harnesses are underway, with customer approvals expected by the end of the year. By FY27, they anticipate a significant contribution from these efforts. Q: What is the progress on the TFT cluster business? Any new orders in this segment, and what is the growth outlook for the next couple of years? A: Aakash Minda explained that due to premiumization, TFT cluster penetration is increasing. They have won orders from various segments, including domestic and exports. The digital clusters currently contribute 25% to 30% of Minda Instruments Limited's revenue, expected to grow to 40% in the next 18 to 24 months. For the complete transcript of the earnings call, please refer to the full earnings call transcript. This article first appeared on GuruFocus. Sign in to access your portfolio
Time of India
28-05-2025
- Business
- Time of India
Top stocks to buy today: Stock recommendations for May 28, 2025
Top stocks to buy today (AI image) Stock market recommendations: According to Mehul Kothari, DVP - Technical Research, Anand Rathi Shares and Stock Brokers, ITI, Minda Corp, and BLS International are the top stocks to buy today: ITI LTD: BUY NEAR ₹304 | Stop Loss: ₹265 | Target: ₹370 (Positional) ITI Ltd has witnessed a strong breakout after months of consolidation, forming a classic inverse head and shoulders pattern. The breakout has occurred just above the 200 DEMA with humongous volume support, indicating strong institutional participation. Having corrected from ₹600 levels earlier, the stock now shows clear signs of a trend reversal. Traders may consider buying near ₹304 with a stop-loss at ₹265 and a positional target of ₹370. MINDA CORP: BUY NEAR ₹530 | Stop Loss: ₹495 | Target: ₹600 (Short Term) Minda Corp has confirmed an inverse head and shoulders breakout, supported by a strong base near ₹460–470. A trendline breakout has also occurred, further strengthening the bullish setup. Daily RSI has given a fresh breakout above 60, reflecting a momentum shift. Buying is advised near ₹530 with a stop-loss at ₹495 and a target of ₹600 in the short term. BLS INTERNATIONAL: BUY NEAR ₹410 | Stop Loss: ₹390 | Target: ₹450 (Short Term) BLS International has confirmed an inverse head and shoulders pattern breakout. The stock is now trading above key moving averages, and momentum oscillators are positively aligned. The structure indicates short-term upside potential with improving sentiment. Traders can consider entries near ₹410, keeping a stop-loss at ₹390 and targeting ₹450 in the short term. Stay informed with the latest business news, updates on bank holidays and public holidays . AI Masterclass for Students. Upskill Young Ones Today!– Join Now
Time of India
20-05-2025
- Automotive
- Time of India
Minda Corp ropes in Ajay Agarwal as President for Finance & Strategy: Details
Minda Corp ropes in Ajay Agarwal as President for Finance & Strategy. Minda Corp ropes in Ajay Agarwal as President for Finance & Strategy. Minda Corp ropes in Ajay Agarwal as President for Finance & Strategy. Minda Corp ropes in Ajay Agarwal as President for Finance & Strategy. Minda Corp ropes in Ajay Agarwal as President for Finance & Strategy. 1 2 Minda Corporation , the flagship company of the Spark Minda Group, has appointed Ajay Agarwal as President – Finance & Strategy. The move comes as the company looks to strengthen its leadership team and sharpen its focus on long-term value creation, disciplined growth, and operational excellence , the company said. Minda Corp's latest appointment: Key details Agarwal brings over 24 years of experience in finance and strategy, having held leadership positions across global organisations. He has previously worked with industry giants like KPMG and PwC. Most recently, he served as President – Finance & Strategy at Vedanta Limited, where he was instrumental in steering strategic initiatives and overseeing core financial operations. Kia Carens Clavis first drive review: Carens facelift or more | TOI Auto by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Perdagangkan CFD Emas dengan Broker Tepercaya IC Markets Mendaftar Undo In his new role at Minda Corp, Ajay Agarwal will lead key financial functions including corporate strategy , M&A, joint ventures, investor relations, and overall corporate planning. He will also play a central role in shaping the organisation's growth roadmap and aligning its structure for scalability. Speaking on the appointment, Aakash Minda , Executive Director at Minda Corporation, said, 'As Minda Corporation enters its next phase of growth, Ajay Agarwal's appointment positions us strongly to scale with confidence. His commercial acumen, capital markets expertise , and strategic mindset will be key in shaping our financial platform to support innovation and expansion.' The leadership change marks a significant step for Minda Corp as it continues to expand its footprint in the automotive components sector . Stay tuned to TOI Auto for all the latest updates around the automotive industry and do follow us on our social media handles on Facebook, Instagram and X. Discover everything about the automotive world at Times of India .
