Minda Corporation Limited has informed the Exchange regarding 'Re-Submission of Financial Results for Q4& Financial Year ended on March 31,2025 in Machine Readable format'.
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Minda Corporation has re-submitted its audited Q4 and FY25 results in the prescribed machine-readable format under SEBI's Integrated Filing framework. On a standalone basis, FY25 profit after tax rose to Rs 205.9 crore from Rs 188.5 crore in FY24, a growth of roughly 9%, while profit before tax rose to Rs 277.4 crore from Rs 260.3 crore. Operating cash flow was strong at Rs 467 crore standalone and Rs 638 crore consolidated. The Board has recommended a final dividend of Rs 0.90 per share, taking total FY25 dividend to Rs 1.40 per share (70% of face value). During the year, the company acquired a 49% stake in Flash Electronics (January 2025) and formed a 50:50 JV Minda-HCMF Technologies (December 2024). The Board also approved issuance of 76.5 lakh warrants at Rs 550 each to promoter-group entity Minda Capital Pvt Ltd, aiming to raise Rs 420.75 crore via preferential allotment.
Modest earnings growth and a healthy dividend payout are positives, but the standalone debt-equity ratio has jumped sharply from 0.21 to about 0.91 over the year, driven by short-term borrowings taken to fund acquisitions and investments. The large preferential warrant issue to a related party will also be watched closely by shareholders for governance and dilution implications.