The company witnessed growth in its businesses, especially the Alloy Wheel division. The EBITDA for Q1 FY23 was at INR 266 crores with a growth of 81% from INR 147 crores in Q1 FY22, the company said.
The name change is to reflect the unique legacy and identity of the company as a leading Indian auto component group, ‘driving the new’ in solutions and value in the product, technology and processes across customers, consumers, distributors, partners and employees. It will also strengthen and unify the brand UNO Minda, the company said.
The rights issue will open on August 25 and close on September 8. The last date for on market renunciation is September 3, the company said in regulatory filings at stock exchanges.
The company's PAT stood at Rs 76 crore in the corresponding quarter last year. For the full year, PAT is down 45 percent at Rs 188 crore as against Rs 339 crore for FY19.
Several auto component companies including Bharat Forge, Minda Industries Limited, Subros and Lumax have announced plant shutdown in the light of the lockdown announced by the government to contain the Covid-19 outbreak.
Uno Minda Group entered into collaboration with Microsoft through its connected vehicle and telematics arm Minda iConnect Pvt Ltd. The partnership will aim to enhance in-vehicle connectivity and efficiency to provide an enriched driving experience to automotive users in the country, said the company in a statement on Friday.
In first nine months, sector has grown by about 12% and negative effect of demonetisation has been seen particularly in the month of December where the two market was down by 20-25%.
The consolidated revenue stood at Rs. 905 Cr for Q2 FY17 as against Rs.651 Cr in Q2 FY16 recording a robust growth of 39% YOY.
Minda Corporation Limited has been allocated 500 Sq. feet of space within the jail premises which can be amplified in future as and when the requirement arises.
“We are pleased to announce the appointment of Rattan Kapur as ACMA President. Kapur brings in a wealth of knowledge with a strong background in automotive industry.”
Profit after Tax and Minority Interest increased by 99 percent year on year from Rs 14 crore in Q1 FY16 to Rs 27 crore in Q1 FY17.
The board of directors of the company today approved the proposal to buy Roki Japan's 49 per cent stake from the JV - Roki Minda - in which the Japanese partner holds 51 per cent stake and UNO Minda Group has 49 per cent.
The EBITDA witnessed a year-on-year jump of 27.5 percent at Rs 626 million, while its net debt stood at Rs 5,234 million as against Rs 4,548 miilion during fourth quarter of fiscal year 2016.
The top vendors highlighted by Technavio’s research analysts in this report are - Bharat Forge, Bosch India, Minda, Samvardhana Motherson, and TVS.
But after a bumpy ride in recent years, with local demand falling short of capacity created by some of the manufacturers, growth in investment in the sector is expected to be in single digit. A large chunk of this fresh money is likely to go to R&D — a welcome development as it will help improve India’s standing in the automotive world.
The acquisition includes 100 per cent equity holding in Rinder India and Light Systems and Technical Centre in Spain; and 50 per cent equity holding in Rinder Riducu, Colombia
For the entire FY 2016, the consolidated net profit stood at Rs 107.3 crore, which is a 19.8 percent jump over the net profit in FY 2015
In FY16, Minda’s revenues grew 13%, while profit jumped 64% to Rs 111 crore after the turnaround of two loss-making units, higher operating efficiencies and pruned cost of operations.
The acquisition includes 100 per cent equity holding in Rinder India and Light Systems and Technical Centre in Spain; and 50 per cent equity holding in Rinder Riducu, Colombia
Total revenue too saw an increase of 22.5 percent to Rs 656 crore in the last quarter
| Name | DIN | Designation | Date of joining | |
|---|---|---|---|---|
| Anand Kumar Minda | 00007964 | anandminda@mindadsl.com | Director | 14 Apr,2011 |
| Nirmal Kumar Minda | 00014942 | nkminda@mindagroup.com | Director | 01 Apr,2013 |
| Renu Challu | 00157204 | renuchallu@yahoo.com | Director | 19 Dec,2014 |
| Satish Sekhri | 00211478 | satishsekhri@gmail.com | Director | 29 Jul,2010 |
| Alok Dutta | 02792147 | akshukla@mkl.co.in | Director | 29 Oct,2009 |
A component is a part or element that make up a whole machine. In the automotive industry, a vehicle comprises of a number of different components, which when put together, makes up a whole vehicle. Following is the list of the important automotive components:-
A production system is a computer program typically designed to provide artificial intelligence. The production system, in an automobile, refers to the method/procedure/arrangement which includes all the functions required to gather the inputs, process/reprocess the inputs and deliver the end product. In ETAutolytics, a production system includes facility/equipment, machine element, processing machinery and production supplemental materials.
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