16
Nov
Minda Corporation Limited, the flagship company of Spark Minda, has released its financial results for the second quarter and half year ended September 30, 2023. Minda Corporation reported a 7% YoY growth in Q2FY24, boosted by domestic market demand, key customer business, and product premiumisation. EBITDA stood at Rs. 131 crores, with a 11.0% growth margin of 18 bps. The company also secured its highest-ever lifetime orders of over Rs.6,500 crores in H1FY24, with electric vehicles (EVs) accounting for over 30% of the orders. The company secured marquee orders across both existing and new technology products, with multiple first-time strategic…
