Minda Corp Stock Closes 5% Higher Despite 27% Slip In Q4 Profit — Here's Why
Minda Corp Results: The consolidated bottomline for fiscal 2025 came in at Rs 255.3 crore, 12% higher as against Rs 227.2 crore in fiscal 2024.
Minda Corp. was among the top performing stocks on Tuesday, settling 5% higher, even as it posted a 27% slip in the consolidated net profit in the fourth quarter of fiscal 2025.
The strong performance at the bourses comes in the backdrop of robust results posted by the automotive component manufacturer for the entire financial year ended March 31, 2025.
The consolidated bottomline for fiscal 2025 came in at Rs 255.3 crore, 12% higher as against Rs 227.2 crore in fiscal 2024, according to an exchange filing.
The revenue from operations for FY25 stood at Rs 5,056.2 crore, up 8.7% as against Rs 4,651.1 crore in FY24. This growth in topline came amid a challenging macroeconomic scenario, due to the global headwinds.
The company's operating profit, measured as earnings before interest, taxes, depreciation and amortisation, rose 12% to Rs 575 crore during the financial year, as against Rs 514 crore in FY24.
Minda Corp. logged the highest-ever Ebitda margin of 11.4% in FY25, marking a growth of 31 basis points.
The company secured lifetime orders worth more than Rs 8,000 crore during the fiscal, which includes three new strategic partnerships with HSIN Chong Machinery Works Co, Flash Electronics and Sanco to enhance system solution offerings.
It also filed 30 new patents, taking the total patents count to over 300.
While an uptick was seen on all fronts in FY25, the March 2025 quarter saw the bottom-line slipping by around 18 crore as compared to the year-ago period. This includes a moderation in other income to Rs 3.3 crore from Rs 9.8 crore in the March 2024 quarter.
Here's a look at some of the other metrics of the fourth quarter.
Minda Corp Q4 Highlights (Consolidated, YoY)
Revenue up 8.7% to Rs 1,321 crore versus Rs 1,215 crore.
Ebitda up 10.3% to Rs 152.9 crore versus Rs 138.6 crore.
Margin expands to 11.6% versus 11.4%.
The revenue and Ebitda logged by the company in the January-March period was the highest-ever it logged in a quarter. During this period, it also secured multiple export orders for wiring harness with a lifetime value Rs 700 crore.
In January 2025, it had acquired 49% stake in Flash Electronics in January 2025. The firm also filed for 13 new patents during this period.
The finance costs of the company stood at Rs 34 crore compared to Rs 12 crore on a year-on-year basis. The other expenses of the company saw a notable uptick of 14% compared to the previous year.
After posting fourth quarter results, the company has also announced a few changes in key managerial roles. The company is set to re-appoint Ashok Minda as chairperson and group chief executive officer for a term of three years effective from Aug. 1.
It has also re-appointed Akash Minda as executive director for a term of five years effective from Nov. 5. The company also announced the re-appointment of Naresh Kumar Modi as executive director for a term of five years effective from Dec. 11.
Shares of Minda Corp. closed 5.05% higher at Rs 549.8 apiece on the NSE, compared to 0.7% decline in the benchmark Nifty 50. The stock is up around 5.5% in the year so far.
Four out of the seven analysts tracking the company have a 'buy' rating on the stock and three recommend a 'hold', according to Bloomberg data. The 12-month analysts' consensus target price on the stock is Rs 649.33, implying a potential upside of 17.9%.
