Minda Corporation Ltd News
Minda Corporation Q2FY25 results: Net profit rises 25.42% to Rs 74 cr
Auto parts maker Minda Corporation on Tuesday reported a 25.42 per cent on-year jump in consolidated Profit After Tax at Rs 74 crore in the second quarter ended September 30, 2024 driven by an expanding customer base and product premiumisation. The company had posted a Profit After Tax (PAT) of Rs 59 crore in the July-September period of FY24, Minda Corporation said in a statement. Consolidated revenue for the quarter under review stood at Rs 1,290 crore, from Rs 1,196 crore in the September quarter of the previous fiscal year, a growth of 7.9 per cent year-on-year, the company said. The company said it achieved its highest-ever quarterly EBITDA (earnings before income, taxes, depreciation and amortisation) at Rs 147 crore with an 11.4 per cent margin, reflecting a 38 basis points year-on-year increase. "We sustained strong growth momentum in Q2 FY2025, highlighting the resilience of our business model and the impact of our strategic initiatives. This growth has enabled us to expan
 "Minda Corporation Q2FY25 results: Net profit rises 25.42% to Rs 74 cr")
Minda Corp's stock surges after board approves fundraise of Rs 1,000 cr
Auto components player Minda Corporation's share price surged 2.52 per cent at Rs 543.90 a piece on the BSE
 "Minda Corp's stock surges after board approves fundraise of Rs 1,000 cr")
Minda Corp inks Technology Licensing Agreement with Sanco; stock up 2.6%
Minda Corporation shares rose 2.6 per cent and touched an intraday high of Rs 589 on BSE in Wednesday's trade. The stock gained after the company signed a Technology Licensing Agreement with China-bas
 "Minda Corp inks Technology Licensing Agreement with Sanco; stock up 2.6%")
CDSL, Allcargo, Minda Corp: These 5 overbought stocks can fall up to 13%
Trading strategies for overbought stocks: Minda Corp, Allcargo Logistics, Vijaya Diagnostic, CDSL and ICICI Lombard General Insurance are trading in overbought territory with a RSI reading of above 70
 "CDSL, Allcargo, Minda Corp: These 5 overbought stocks can fall up to 13%")
