Minda Corporation Ltd's Q3FY25 Quarter Results
- 07 Feb 2025
Result Summary
- Minda Corporation Ltd reported a 3.1% quarter-on-quarter (QoQ) decrease in its consolidated revenues for the quarter-ended Dec (Q3FY25). On a year-on-year (YoY) basis, it witnessed a growth of 8.0%.
- Its expenses for the quarter were down by 2.9% QoQ and up 7.3% YoY.
- The net profit decreased 12.8% QoQ and increased 23.5% YoY.
- The earnings per share (EPS) of Minda Corporation Ltd stood at 2.7 during Q3FY25.
Financial Statments for Q3FY25
| (₹ crores) | Q3FY25 | Q2FY25 | Q3FY24 | QoQ (%) | YoY (%) |
|---|---|---|---|---|---|
Total Income | 1261.65 | 1301.66 | 1167.79 | -3.1% | 8.0% |
Total Expenses | 1171.26 | 1205.73 | 1091.99 | -2.9% | 7.3% |
Profit Before Tax | 90.39 | 95.93 | 75.80 | -5.8% | 19.2% |
Tax | 26.03 | 25.16 | 25.01 | 3.5% | 4.1% |
Profit After Tax | 64.80 | 74.34 | 52.49 | -12.8% | 23.5% |
Earnings Per Share | 2.70 | 3.10 | 2.20 | -12.9% | 22.7% |
Data Source: BSE, Company announcements The securities quoted are exemplary and are not recommendatory. Past performance is not indicative of future results
Company Overview
Minda Corporation Ltd is a prominent player in the automotive industry, primarily involved in the manufacturing and supply of a variety of automotive components. The company operates in sectors such as safety, security, and restraint systems, driver information and telematics systems, and interior systems. Its extensive product portfolio includes electronic and mechanical security systems, die casting, and plastic interior parts for two-wheelers, three-wheelers, and four-wheelers. As of the latest update, specific recent major developments in the company's operations or strategic initiatives are not available. Minda Corporation Ltd is known for its focus on innovation and technology-driven solutions, catering to both domestic and international markets.
Revenue
For the third quarter of the fiscal year 2025 (Q3FY25), Minda Corporation Ltd reported a total income of ₹1261.65 crores. This marks a decrease of 3.1% compared to the previous quarter (Q2FY25), where the total income stood at ₹1301.66 crores. However, on a year-over-year basis, there is an 8.0% increase from the total income of ₹1167.79 crores reported in the third quarter of the previous fiscal year (Q3FY24). This fluctuation in revenue indicates quarterly variability, while maintaining positive growth annually.
Profitability
During the third quarter of FY25, the profit before tax for Minda Corporation Ltd was ₹90.39 crores, showing a decline of 5.8% from the previous quarter's ₹95.93 crores. Year-over-year, there is an increase of 19.2% from Q3FY24's profit before tax of ₹75.80 crores. The company paid ₹26.03 crores in taxes during Q3FY25, slightly up by 3.5% from Q2FY25's tax of ₹25.16 crores, and a 4.1% increase from Q3FY24. The profit after tax for Q3FY25 was ₹64.80 crores, representing a 12.8% decrease from the previous quarter's ₹74.34 crores, but a significant 23.5% increase compared to Q3FY24's profit after tax of ₹52.49 crores. Earnings per share in Q3FY25 were ₹2.70, down from ₹3.10 in Q2FY25, yet up from ₹2.20 in Q3FY24.
Operating Metrics
In terms of expenses, Minda Corporation Ltd's total expenses for Q3FY25 were ₹1171.26 crores, which is a 2.9% reduction from Q2FY25's expenses of ₹1205.73 crores. Compared to the same quarter last year, there is a 7.3% increase from Q3FY24's total expenses of ₹1091.99 crores. The consistent increase in income and expenses on a year-over-year basis highlights the company's growth trajectory. These financial metrics provide insights into the company's operational efficiency and cost management over the specified periods.
