Minda Corporation · tone and specificity signals across the available quarters.
Language signals
We registered our highest ever quarterly revenue of 1846 crores reflecting 33.2% year-on-year growth. We also registered highest ever quarterly EBITDA and for the first time we crossed 200 plus crores EBITDA in a single quarter with a margin of 11.5% registering a 19 pips improvement year-on-year basis.
These new businesses and investments are on track as per their plan. EV penetration at Minda Corporation EV percentage as revenue is close to 10% which has grown by 40% on year-on-year basis. At Flash Electronics, the EV revenue constitutes to about 30% with a year-on-year growth of about 90%. At Minda Corporation Group level it is close to about 14%.
We have not allocated money specifically towards EV or ICE but it is fairly spread across our business vertical as well as the divisions. We are investing deeply in our capabilities, capacities and competencies across divisions and across platforms.
For the first time in I think 6 to 8 quarters particularly for India corporation the export orders have come to normalcy and you know thanks to the clarity that is bought by various EU agreements as well as the tariff clarity.
We are already doing a margin of about 22% ROCE because you know why the dysfunctional numbers you are able to arrive at is due to the fact that interest is laid in Minda Corporation whereas the revenue or the profit of Flash is not consolidated.
We don't enjoy the upside neither we lose our sleep because of the price going down. So therefore we are properly hedged and we are not in the business of making money out of commodity uptrend or downtrend. We are here to really excellent manufacturing capability and deliver quality services to our client.