Minda Corp eyes INR-175-bln revenue by FY30, to incur INR 20 bln on capex
This story was originally published at 18:12 IST on 23 September 2025
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NEW DELHI – Minda Corp. Ltd. is targeting a 3.5 times jump in its revenue over the next five years to over INR 175 billion, the company said in a presentation to investors Tuesday. In 2024-25 (Apr-Mar), the automotive component manufacturer clocked a revenue of INR 50.56 billion. As part of its vision for FY30, the company is aiming to improve its earnings before interest, tax, depreciation, and amortisation margin by 110 basis points to 12.5%.
Among other targets, Minda Corp plans to incur a capital expenditure of INR 20 billion over the next five years. It aims to reduce its debt to 0.3 times by FY30. Between FY20 and FY25, the company's net debt stood at INR 12.47 billion.
By FY30, Minda Corp. expects 25% of its end market revenue to emerge from the passenger vehicle segment, which accounted for a 14% share in FY25. It aims to reduce the share of revenue contributed by the two- and three-wheeler category to 40% from 47% in FY25. Meanwhile, the commercial vehicle segment will see its share decrease by 3% to 25% and the aftermarket division will see a marginal cut in its share to 10% in the next five years, as per the presentation.
For the June quarter, Minda Corp. had reported a consolidated net profit of INR 653.1 million on revenue of INR 13.86 billion. On Tuesday, shares of the company ended 0.3% higher at INR 534.50 on the National Stock Exchange. End
Reported by Shakshi Jain
Edited by Subhojit Sarkar
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