Net Sales are expected to increase by 10.2 percent Q-o-Q (up 24.3 percent Y-o-Y) to Rs 766 crore, according to Kotak Securities.
Kotak Securities' report on Minda Corporation
We expect consolidated revenues to grow by 24% yoy, led by strong growth in standalone business and impact of consolidation of Minda Stoneridge and Panalfa financials.
We expect EBITDA margin to improve by 90 bps qoq due to (1) operating leverage benefits and (2) some improvement in the profitability of Minda Furukawa JV.
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