On a consolidated basis, revenue for the quarter stood at ₹1,440 crore, with an EBITDA margin of 11.96% and profit after tax (PAT, MIL share) of ₹53 crore.
On a comparable basis, revenue was ₹1,440 crore in Q1 FY20 versus ₹1,430 crore in Q1 FY19, reflecting resilience despite weak demand conditions and margin pressures across OEMs. New businesses such as Minda Katolec and ISYS contributed to top-line growth.
EBITDA for Q1 FY20 was ₹172 crore, slightly higher than ₹170 crore in Q1 FY19, while the EBITDA margin improved marginally from 11.89% to 11.96%.
Profit before tax (PBT), before exceptional items, stood at ₹84 crore in Q1 FY20 compared to ₹114 crore in the corresponding quarter last year.
PAT attributable to MIL was ₹53 crore in Q1 FY20 versus ₹70 crore in Q1 FY19.
Scheme of Arrangement update
- HSSL merger: SEBI has approved the scheme with comments; filing with NCLT is expected within the month
- Merger of four wholly owned subsidiaries: secured creditor consents are being obtained; filing with NCLT is expected within the month, with completion targeted by Q4 FY20
Major order wins
- Sensor business secured orders from Kawasaki and PSA for engine speed and oil temperature sensors
- Minda Kosei Aluminum Wheel Pvt. Ltd. received orders worth ₹87 crore annually from OEMs, including:
- ₹54 crore from Mahindra & Mahindra
- ₹33 crore from Maruti Suzuki India Limited.
