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August 01, 2015 3:10 PM ET

Auto Components

Company Overview of Minda Corporation Limited

Company Overview

Minda Corporation Limited manufactures auto components and accessories primarily in India. The company offers mechanical and electronic security systems, door systems, electronic controllers for electric vehicles, and plastic interiors, as well as provides die casting parts and surface finishing parts for auto and consumer durable industries. It also manufactures lock sets with conventional keys, two track keys, four track keys, and snake biting keys for 2 wheeler application, as well as immobilizers for 2 wheeled vehicle applications and window regulators. In addition, the company offers vehicle accessories, such as remote central locking systems, wheel and helmet locks, gear shift locks, p...

D-6-11

Sector 59

Noida,  201301

India

Founded in 1958

Phone:

91 12 0478 7100

Fax:

91 12 0478 7200

Key Executives for Minda Corporation Limited

Chief Executive Officer and Executive Director
Total Annual Compensation: $7.6M
Chairman, Group Chief Executive Officer and Member of Shareholders'/Investors' Grievance Committee
Age: 54
Total Annual Compensation: $10.8M
Compensation as of Fiscal Year 2014.

Minda Corporation Limited Key Developments

Minda Corporation Limited Reports Unaudited Standalone and Consolidated Earnings Results for the Fourth Quarter and Audited Earnings Results for the Full Year Ended March 31, 2015

Minda Corporation Limited reported unaudited standalone and consolidated earnings results for the fourth quarter and audited earnings results for the full year ended March 31, 2015. For the quarter, on standalone basis, the company reported net sales/income from operations (net of excise duty) of INR 1,527.0 million against INR 1,597.8 million a year ago. Profit from operations before other income, finance costs & exceptional items was INR 122.9 million against INR 114.4 million a year ago. Profit from ordinary activities before tax was INR 96.9 million against INR 65.8 million a year ago. Net profit for the period was INR 96.9 million or INR 0.46 per basic and diluted share after extraordinary items against INR 65.8 million or INR 0.31 per basic and diluted share after extraordinary items a year ago. For the year, on standalone basis, the company reported net sales/income from operations (net of excise duty) of INR 6,368.2 million against INR 6,039.5 million a year ago. Profit from operations before other income, finance costs & exceptional items was INR 520.0 million against INR 377.1 million a year ago. Profit from ordinary activities before tax was INR 489.1 million against INR 311.3 million a year ago. Net profit for the period was INR 348.7 million or INR 1.67 per basic and diluted share after extraordinary items against INR 217.7 million or INR 1.04 per basic and diluted share after extraordinary items a year ago. For the quarter, on consolidated basis, the company reported net sales/income from operations (net of excise duty) of INR 4,749.3 million against INR 4,491.6 million a year ago. Profit from operations before other income, finance costs & exceptional items was INR 214.4 million against INR 271.1 million a year ago. Profit from ordinary activities before tax was INR 301.2 million against INR 514.9 million a year ago. Net profit for the period was INR 218.1 million or INR 1.26 per basic and diluted share after extraordinary items against INR 445.7 million or INR 2.19 per basic and diluted share after extraordinary items a year ago. EBITDA was INR 567 million against INR 618 million reported last year. For the year, on consolidated basis, the company reported net sales/income from operations (net of excise duty) of INR 19,331.7 million against INR 15,642.5 million a year ago. Profit from operations before other income, finance costs & exceptional items was INR 1,252.9 million against INR 779.4 million a year ago. Profit from ordinary activities before tax was INR 1,108.8 million against INR 955.6 million a year ago. Net profit for the period was INR 837.3 million or INR 4.28 per basic and diluted share after extraordinary items against INR 783.6 million or INR 3.79 per basic and diluted share after extraordinary items a year ago. EBITDA increased 33.4% to INR 2,082 million from INR 1,561 million reported last year. Net debt was INR 4,010 million.

Minda Corporation Limited Recommends Final Dividend on Equity Shares and Cumulative Redeemable Preference Shares

Minda Corporation Ltd. announced that the Board of Directors of the company at its meeting held on May 27, 2015, has recommended a final dividend of INR 0.20 per equity share (face value of INR 2 per share) and INR 0.008 per share on 240,000, 0.001% cumulative redeemable preference shares (face value of INR 800 each) subject to the approval of shareholders at the forthcoming annual general meeting of the company.

Minda Corporation Limited, Q4 2015 Earnings Call, Jun 02, 2015

Minda Corporation Limited, Q4 2015 Earnings Call, Jun 02, 2015

Recent Private Companies Transactions

Type
Date
Target
Merger/Acquisition
September 30, 2014
Minda Furukawa Electric Pvt. Ltd.
 

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