Slide 1: Exchange filing cover letter
May 27, 2025 The Officer-In-Charge (Listing) Head - Listing Operations, Listing Department BSE Limited, National Stock Exchange of India P.J. Towers, Dalal Street, Ltd., Exchange Plaza, Bandra Kurla Fort, Mumbai – 400 001 Complex, Bandra (East), Scrip Code: 538962 Mumbai - 400 051 Scrip Code: MINDAC
Slide 2: Minda Corporation Earnings Presentation May 2025
Minda Corporation EARNINGS PRESENTATION May 2025 w w w. s p a r k m i n d a . c o m
Slide 3: Minda at a Glance
Minda at a Glance A significant player in the global automotive industry for over six decades Vision ₹ 7,472 Cr ₹ 5,056 Cr 32 18,000+ Be a Dynamic, Innovative and Profitable global automotive FY25 Group Revenue* FY25 Consol Revenue Manufacturing Plants Workforce organization to emerge as the preferr
Slide 4: Indian Automotive Industry Performance
Indian Automotive Industry Performance Production Volumes in Millions Q4 FY25 Growth (Y-o-Y) FY25 Growth (Y-o-Y) 5.9% 9.0% 32.04 8.06 29.38 7.61 5.8% 11.3% 23.88 5.85 21.47 5.52 3.3% 5.2% 11.7% 3.1% 9.5% 6.4% (3.3%) 5.4% 1.34 1.41 4.90 5.06 0.22 0.24 0.29 0.30 0.24 0.26 0.95 1.01 1.07 1.03 1.00 1.05
Slide 5: Q4 & FY25 Business Performance Key Strategic Developments
Q4 & FY25 Business Performance Key Strategic Developments Q4 FY2025 FY2025 Highest ever Quarterly Revenue of 1,321 crore, a Revenue growth of 9% YoY despite challenging macro- growth of 9% YoY economic scenario Highest ever EBITDA margin stood at 11.6% for Highest ever EBITDA margin of 11.4%, a grow
Slide 6: Establishing New facilities
Establishing New facilities Diecasting Pune - 5th Plant SMAD Bawal (Brownfield) Diecasting Gr. Noida – 4th Plant Minda Instrument Cluster Plant Pune Spark Minda Technical Center (SMIT) Wiring Harness Component Division Page 5
Slide 7: Strategic Partnership with FLASH ELECTRONICS
Strategic Partnership with FLASH ELECTRONICS Financial & Other Highlight (FY25) Flash Financial Performance YoY (INR Cr) 15% Revenue EBITDA EBITDA (%) Free Cash Flow EV Revenue Rs. 1,537 Crs Rs. 223 Crs 14.5% Rs. 37 Crs 23% 1,537 1,340 Revenue from Business Verticals Manufacturing Facilities Operati
Slide 8: Q4 & FY2025 Financial Highlights
Q4 & FY2025 Financial Highlights Rs. In Crores Revenue EBITDA PAT YoY 9% YoY YoY 10% (26)% 1,321 1,253 71 153 65 1,215 139 144 52 Q4 FY25 11.4% 11.5% 11.6% 5.8% 5.1% 3.9% Q4 FY24 Q3 FY25 Q4 FY25 Q4 FY24 Q3 FY25 Q4 FY25 Q4 FY24 Q3 FY25 Q4 FY25 EBITDA EBITDA Margin (%) PAT PAT Margin (%) YoY YoY YoY 9
Slide 9: Business Vertical Performance Q4 and FY2025
Business Vertical Performance Q4 and FY2025 Rs. In Crores YoY YoY 11% 10% 654 Mechatronics and Aftermarket: 2,475 Aftermarket and Others 590 608 2,251 • Strong demand in domestic 2W segment Mechatronics, and premiumisation of existing products contributed to the growth • Subdued Export demanded in t
Slide 10: Revenue Break-Up FY2025
Revenue Break-Up FY2025 By Products By Geography By End Market SE Asia Europe & North America 5% FY24 FY25 Others 15% 8% 2-3 Wheelers WH 30% Clusters 47% 47% 15% FY24 FY24 Die Casting Commercial Vehicles* 16% Vehicle India Access 87% 28% 28% 24% SE Asia Europe & North Passenger Vehicles America 5% O
Slide 11: Consolidated Leverage Position FY2025
Consolidated Leverage Position FY2025 Particulars (INR Crores) Mar 31st, 2023 Mar 31st, 2024 Mar 31st , 2025 Net Worth 1,591 1,981 2,202 Long Term Borrowings* 235 203 528 Short Term Borrowings 318 145 816 Gross Debt 553 348 1,344 Less: Cash & Cash Equivalents 162 192 97 Net Debt 391 156 1,247 Capita
Slide 12: Key Financial Metrics
Key Financial Metrics Consolidated Revenue (Rs. In Cr) EBITDA Margin (%) ROCE (%) 5,056 11.4% 20.8% 20.0% 20.0% 4,651 11.1% 4,300 10.7% 9.9% 14.1% 2,976 9.2% 12.0% 2,368 FY21 FY22 FY23 FY24 FY25 FY21 FY22 FY23 FY24 FY25 FY21 FY22 FY23 FY24 FY25 Revenue EBITDA Margin ROCE EPS (in INR) Market Capitali
Slide 13: CSR and ESG
CSR and ESG
Slide 14: ESG Transforming Towards Sustainable Mobility
ESG Transforming Towards Sustainable Mobility Sustainable Responsible Care For People Ethical Business Inclusive Growth Operations Value Chain Grievance redressal policy The VFD-operated air 1400+ accessible and assistive compressor in MCL, Noida, Die Minda Corporation Limited has 1,300+ learners tr
Slide 15: Accolades
Accolades Honourable President of India Smt. Droupadi Murmu conferred Minda Corporation Limited has received the prestigious NCPEDP National Award to Minda Corporation Ltd for its marquee CSR Helen Keller Award 2024 for its commitment to inclusivity and Programme “SAKSHAM” under the category “Divyan
Slide 16: Corporate Social Responsibility
Corporate Social Responsibility Health check up camp for community at Convocation of Cycle 2 students of Pilaipakkam, Aakarsshan Center Convocation of Cycle 2 students of Pune, Maharashtra Gurugram Center, Haryana Empowerment of PwDs camp at IIT Gandhinagar Number of PwDs (Centre + Camps) - 27,184 C
Slide 17: Awards & Achievement Q4 FY2025
Awards & Achievement Q4 FY2025 Business Vertical – Business Vertical Business Vertical – 1 (Mechatronics, 2 (Information & DCD – won 26 – 5 (EME & Aftermarkets & Connected System Awards during SMGM) won 30 others division) division) won 58 Q4FY25 Awards during won 72 awards Awards during Q4 Q4FY25 d
Slide 18: Annexures
Annexures
Slide 19: Consolidated Profit & Loss Statement
Consolidated Profit & Loss Statement Particulars (Rs. Cr) Q4 FY25 Q4 FY24 YoY% Q3 FY25 QoQ% FY25 FY24 YoY% Revenue from Operations 1,321 1,215 8.7% 1,253 5.5% 5,056 4,651 8.7% Raw Material 816 766 771 3,146 2,924 Employee Cost 202 179 200 783 728 Other Expenses 151 131 138 552 484 EBITDA 153 139 10.
Slide 20: Historical Income Statement Consolidated
Historical Income Statement Consolidated Particulars (INR Crores) FY21 FY22 FY23 FY24 FY25 Revenue from Operations 2,368 2,976 4,300 4,651 5,056 COGS 1,493 1,876 2,777 2,924 3,146 Gross Profit 875 1,100 1,523 1,727 1,910 Gross Profit Margin 36.9% 36.9% 35.4% 37.1% 37.8% EBITDA 217 295 461 514 575 EB
Slide 21: Strategic Priorities To Deliver Strong Growth
Strategic Priorities To Deliver Strong Growth Focus On Innovation And Electric Vehicle Strengthening Enhancing The Core Technology Growth Opportunity Passenger Vehicle Offerings
Slide 22: Well Diversified Product Range
Well Diversified Product Range Expanding Core Verticals to Fuel Future Growth Driver 2W Information Vehicle System Access ADAS 4W iRAS Vehicle Sensor Access Starter Motor & Smart Alternator Electronics Sunroof & EV Mobility Power Lift ITS Gate 2W / 3W / 4W Fuel EV Motor EV Wiring Pump Housing Harnes
Slide 23: Strong Relationship With Marquee Customers Across Segments
Strong Relationship With Marquee Customers Across Segments 2-3-Wheeler Commercial & Off Highway Vehicles Passenger Vehicles Other Market Page 22
Slide 24: Leadership Team Driving Growth
Leadership Team Driving Growth Ashok Minda N.K. Modi Sumit Doseja H.N. Mishra Deepak Arora Sunil Goel Chairman & GCEO GCMO & CEO BV5 CEO, Aftermarket CEO, SSD CEO, Die Casting CEO, Wiring Harness Over 38 yrs of expertise in 35+yrs of experience in Over 27yrs of experience in 32+yrs of experience in
Slide 25: Strategic Priorities To Deliver Strong Growth
Strategic Priorities To Deliver Strong Growth Focus On Innovation And Electric Vehicle Strengthening Enhancing The Core Technology Growth Opportunity Passenger Vehicle Offerings
Slide 26: Innovation & Engineering for New Age Solutions
Innovation & Engineering for New Age Solutions R&D Expenditure (% of Revenue) Engineering Capabilities 4.3% 3.1% Electronics Hardware 1.3% 1.4% FY22 FY23 FY24 FY25 Mechatronics Engineering Transforming from mechatronics to advance technology provider 2 7 300+ Advanced Engineering Engineering Centre
Slide 27: Business Segments
Business Segments Transforming Current Business Lines as per Technology Trends Vehicle Access Wiring Harness & Clusters, ADAS & Light Weight Die Casting EV Power Electronics Connectors Sensors & Interior Plastic Electrical Distribution Connected & Safe Light Weight & Connected & Safe Intelligent & S
Slide 28: Strategic Priorities To Deliver Strong Growth
Strategic Priorities To Deliver Strong Growth Focus On Innovation And Electric Vehicle Strengthening Enhancing The Core Technology Growth Opportunity Passenger Vehicle Offerings
Slide 29: Combined Solutions for EV
Combined Solutions for EV Motor EV Kit Value -2W EV Busbar Controller Unit Offered Products Kit Value HV Wiring Harness EV Traction By (in INR) Connection System Motor MCL • Off Board Battery Charger 12,000-15,000 • DC-DC Converter • Charging Gun DC-DC Converter • High Voltage Wiring Harness Telemat
Slide 30: Strategic Priorities To Deliver Strong Growth
Strategic Priorities To Deliver Strong Growth Focus On Innovation And Electric Vehicle Strengthening Enhancing The Core Technology Growth Opportunity Passenger Vehicle Offerings
Slide 31: Comprehensive Solutions for 4W
Comprehensive Solutions for 4W Around view Sunroof Digital Clusters Antenna Interior Plastics EGT Sensor Monitoring System Key Fob Electronic Steering System Power Lift & Cockpit Column Lock Gate System IC CPD DC DC Converter Speed Sensor High voltage wiring EVSE harness connection system Telematics
Slide 32: Comprehensive Solutions for Commercial Vehicle/Bus
Comprehensive Solutions for Commercial Vehicle/Bus Digital/TFT Cluster Air Vent Battery Cables EV Busbars Position Sensor Intelligent Transport System EGT Sensor Immobilizer Soot Module Sensor Die Castings Ignition Switch Cum Steering Lock Cylinder Head Cover Speed Sensor Fuse Box Plastic Oil Pan E
Slide 33: Disclaimer
Disclaimer This presentation contains statements that contain “forward looking statements” including, but without limitation, statements relating to the implementation of strategic initiatives, and other statements relating to Minda Corporation Limited (“Minda Corp” or the Company) future business d