Q3 2025 Minda Corporation Ltd Earnings Call Transcript
Key Points
- Minda Corp Ltd (BOM:538962) achieved its highest-ever EBITDA margin of 11.5% for the quarter, reflecting strong operational performance.
- The company reported a 7.4% year-on-year increase in consolidated revenue for Q3 FY25, reaching INR1,253 crores.
- Minda Corp Ltd's domestic OE business experienced double-digit growth year-on-year, indicating robust demand in the local market.
- The strategic partnership with Flash Electronics is expected to accelerate growth in the EV platform, with Minda acquiring a 49% stake.
- The company's order book surpassed INR6,000 crores for the first nine months, driven by expanding product portfolio and rising demand for both IC and EV products.
- Export demand was subdued, particularly from the European market and ASEAN countries, impacting overall growth.
- The commercial vehicle sector faced challenges due to prolonged monsoon delays and low infrastructure spending, leading to sluggish demand.
- The company's revenue from the 'Others' segment decreased from 13% to 8% year-on-year, primarily due to export challenges.
- There is a reliance on imports for certain electronic components, which could affect margins due to potential cost increases.
- The commercial vehicle segment, which constitutes a significant portion of the business, is expected to see only single-digit growth in the near term.
Ladies and gentlemen, good day, and welcome to the Minda Corporation Limited Conference Call hosted by Emkay Global Financial Services. (Operator Instructions)
I now hand the conference over to Mr. Chirag Jain, Emkay Global Financial Services. Thank you, and over to you, sir.
Thank you, Fara. Good evening, everyone. On behalf of Emkay Global Financial Services, I would like to welcome you all to the 3Q FY25 earnings conference call of Minda Corporation Limited.
Today, we have with us from the management team, Mr. Aakash Minda, Executive Director; Mr. Vinod Raheja, Group CFO; Mr. Sameer Shar, Group Head, Strategy and M&A; and Mr. Nitesh Jain, Lead Investor Relations.
I'll now hand over the call to the management for their opening comments, post which we'll open the floor for Q&A. Over to you, sir.
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