Minda Corporation Ltd

The Board of Minda Corporation at its meeting held on 28 March 2025 has approved issuance of upto 76,50,000 warrants of the Company at a price of Rs. 550 per Warrant, aggregating to Rs. 420.75 crore to Minda Capital, a promoter of the Company on preferential basis, for cash consideration. Powered by Capital Market - Live

Minda Corporation has redeemed commercial paper of Rs 50 crore on 27 March 2025. Powered by Capital Market - Live

Minda Corporation will hold a meeting of the Board of Directors of the Company on 28 March 2025.Powered by Capital Market - Live

Minda Corporation announced that the Board of Directors of the Company at its meeting held on 6 February 2025, inter alia, have recommended the interim dividend of Rs 0.5 per equity Share (i.e. 25%) , subject to the approval of the shareholders.Powered by Capital Market - Live

Net profit of Minda Corporation rose 23.45% to Rs 64.80 crore in the quarter ended December 2024 as against Rs 52.49 crore during the previous quarter ended December 2023. Sales rose 7.44% to Rs 1252.56 crore in the quarter ended December 2024 as against Rs 1165.81 crore during the previous quarter ended December 2023. ParticularsQuarter EndedDec. 2024Dec. 2023% Var. Sales1252.561165.81 7 OPM %11.4611.14 - PBDT140.75117.53 20 PBT90.3975.80 19 NP64.8052.49 23 Powered by Capital Market - Live

Minda Corporation will hold a meeting of the Board of Directors of the Company on 6 February 2025.Powered by Capital Market - Live

The domestic equity benchmarks traded with decent gains in early afternoon trade. The Nifty traded above the 23,200 level after hitting the day's low of 23,165.30 in morning trade. Metal shares extended gains for the second consecutive trading session. At 12:30 IST, the barometer index, the S&P BSE Sensex, added 226.42 points or 0.30% to 76,727.19. The Nifty 50 index rose 47.05 points or 0.20% to 23,223.10. The broader market outperformed the headline indices. The S&P BSE Mid-Cap index rose 0.48% and the S&P BSE Small-Cap index rallied 0.69%. The market breadth was strong. On the BSE, 2,369 shares rose and 1,412 shares fell. A total of 140 shares were unchanged. Derivatives: The NSE's India VIX, a gauge of the market's expectation of volatility over the near term, slipped 1.14% to 15.29. The Nifty 30 January 2025 futures were trading at 23,275.75, at a premium of 52.65 points as compared with the spot at 23,223.10. The Nifty option chain for the 30 January 2025 expiry showed maximum Call OI of 54.3 lakh contracts at the 24,000 strike price. Maximum Put OI of 41.2 lakh contracts was seen at 23,000 strike price. Buzzing Index: The Nifty Metal index gained 0.80% to 8,333.25. The index rallied 4.80% in two consecutive trading sessions. Welspun Corp (up 4.27%), APL Apollo Tubes (up 2.91%), Hindustan Zinc (up 2.34%), NMDC (up 2.04%), Vedanta (up 1.95%), Steel Authority of India (up 1.06%), Ratnamani Metals & Tubes (up 0.85%), Adani Enterprises (up 0.78%), Jindal Steel & Power (up 0.46%) and JSW Steel (up 0.32%) advanced. On the other hand, National Aluminium Company (down 1.13%) and Jindal Stainless (down 0.44%), edged lower. Stocks in Spotlight: Minda Corporation jumped 4.47% after the company said that it has entered into a partnership agreement with Flash Electronics to create the fastest growing EV platform in the country. Allcargo Gati advanced 2.64% after the company's total volume, including surface and air express, stood at 113 kiloton (kt) in December 2024, up 7.62% from 105 kt in December 2023. Benares Hotels surged 10.88% after the company's net profit jumped 20% to Rs 13.56 crore in Q3 FY25 as against Rs 11.30 crore posted in Q3 FY24. Revenue from operations rose 15.7% year on year (YoY) to Rs 38.87 crore in the quarter ended 31 December 2024. Powered by Capital Market - Live

Both companies have a diversified, yet synergized, product portfolio where Minda Corporation is into Automotive body electronics and Flash is in automotive Engine and Powertrain electronics. This partnership going forward will create a synergetic and wide portfolio for both partners, the company stated. Flash has been at the forefront in electricals and electronics for two and three-wheeler ICE specialising in ignition electricals and electronics. Being among the early entrants in the field of EV powertrain, Flash is among the market leaders for motor, motor controllers, vehicle control units, etc. Flash has developed innovative solutions for electric powertrain and would be soon launching the same for passenger cars and commercial vehicles. On the EV Side, MCL has developed products like battery chargers, DC-DC converters, power electronics products, battery telematics, etc. This move aligns with Minda Corporation's long-term business strategy aimed at expanding our presence in the auto components industry as a complete systems solution provider and capturing a greater share of the fast-growing automotive segment in India, the company further said. Minda Corporation is one of the leading automotive component manufacturing companies in India with a pan India presence and significant international footprint. It is the flagship company of Spark Minda, which was part of the erstwhile Minda Group. The company has a diversified customer base including Indian and global original equipment manufacturers and Tier-1 customers. Powered by Capital Market - Live

Both companies have a diversified, yet synergized, product portfolio where Minda Corporation is into Automotive body electronics and Flash is in automotive Engine and Powertrain electronics. This partnership going forward will create a synergetic and wide portfolio for both partners,' the company stated. Flash has been at the forefront in electricals and electronics for two and three-wheeler ICE specialising in ignition electricals and electronics. Being among the early entrants in the field of EV powertrain, Flash is among the market leaders for motor, motor controllers, vehicle control units, etc. Flash has developed innovative solutions for electric powertrain, and would be soon launching the same for passenger cars and commercial vehicles. On the EV Side, MCL has developed products like battery chargers, DC-DC converters, power electronics products, battery telematics, etc. This move aligns with Minda Corporation's long-term business strategy aimed at expanding our presence in the auto components industry as a complete systems solution provider and capturing a greater share of the fast-growing automotive segment in India, the company further said. Minda Corporation is one of the leading automotive component manufacturing companies in India with a pan India presence and significant international footprint. It is the flagship company of Spark Minda, which was part of the erstwhile Minda Group. The company has a diversified customer base including Indian and global original equipment manufacturers and Tier-1 customers. Powered by Capital Market - Live

Net profit of Minda Corporation rose 26.49% to Rs 74.34 crore in the quarter ended September 2024 as against Rs 58.77 crore during the previous quarter ended September 2023. Sales rose 7.87% to Rs 1290.01 crore in the quarter ended September 2024 as against Rs 1195.84 crore during the previous quarter ended September 2023. ParticularsQuarter EndedSep. 2024Sep. 2023% Var. Sales1290.011195.84 8 OPM %11.3610.98 - PBDT147.15118.41 24 PBT95.9377.00 25 NP74.3458.77 26 Powered by Capital Market - Live