Minda Corporation Limited, a key player in the automotive components sector and the flagship of Spark Minda, announced its Q2 and H1 FY25 financial performance, achieving its highest-ever consolidated quarterly revenue of ₹1,290 crore, an 8% increase year-on-year. The company reported an EBITDA of ₹147 crore with an improved margin of 11.4%, reflecting a 38-basis-point gain, and a profit after tax (PAT) of ₹74 crore, up 26.5% with a margin of 5.8%. The growth stems from an expanded product portfolio, a focus on premiumisation, and a growing customer base.
During the quarter, Minda Corp entered into a Technology Licensing Agreement with SANCO, a Chinese firm, to enhance its Electrical Distribution Systems (EDS) for electric vehicles. The partnership focuses on localising the production of critical components like EV connectors, charging gun assemblies, bus bars, and distribution units to bolster India’s EV sector.
In the first half of FY25, the company secured lifetime orders exceeding ₹4,750 crore, with EV-related products accounting for over 25% of new business. Significant orders were also received across both internal combustion engine (ICE) and EV segments, showcasing diversification into advanced technologies. Minda Corp expanded its production capacity at its Die Casting and Instrument Cluster units in Pune and Greater Noida, incorporating state-of-the-art machinery to meet rising market demand.
Group Chairman and CEO, Mr Ashok Minda, highlighted the company’s commitment to innovation and operational excellence, ensuring it remains aligned with evolving customer needs while strengthening its market footprint.
Minda Corporation Limited, a flagship company of the Spark Minda Group, is a leading name in the automotive components industry, specializing in cutting-edge solutions for both internal combustion engine (ICE) and electric vehicle (EV) segments. With a diverse product portfolio that includes safety, security, and restraint systems, as well as advanced electrical and electronic components, the company is driving innovation in mobility solutions.
Minda Corp has established a robust presence across domestic and international markets, leveraging strategic collaborations, technology partnerships, and investments in state-of-the-art manufacturing facilities. Its focus on premiumisation, localisation, and customer-centric solutions positions it as a key enabler in India’s transition to sustainable and future-ready mobility.
