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Minda Corporation Limited continues stellar performance as EBITDA increases by 33% led by strong revenue growth of 24%

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Mumbai, India, May 27, 2015 – Minda Corporation Limited (referred to as “Minda Corp” or the “Company”; NSE: MINDACORP, BSE: 538962), a leading automotive component and flagship company of SPARK MINDA - Ashok Minda Group, announces its Q4 and Full Year FY2015 results, in accordance with Indian GAAP. Consolidated Performance Highlights: FY2015 vs. FY2014 ·Total Revenue increased by 23.6% Y-o-Y to Rs. 19,706 million ·EBITDA increased by 33.4% Y-o-Y to Rs. 2,082 million; Margins expanded by 78 bps to 10.6% ·Profit after Tax increased by 12.8% to Rs. 895 million, Margins of 4.5% ·Net Debt of Rs. 4,010 million (Q3 FY2015: Rs. 4,335 million) ·Debt / Equity ratio of 0.86x (Q3 FY2015: 1.16x) ·Recommended final dividend of Rs. 0.20per share
Commenting on the results and performance, Mr. Ashok Minda, Chairman and Group CEO said: