Minda Corporation Ltd announces Q4FY26 consolidated revenue of Rs. 1704 crores

Minda Corporation Limited ('Minda Corp' or the 'Company'; NSE: MINDACORP, BSE: 538962), the flagship company of Spark Minda, announced its financial results for the quarter and full year ended March 31, 2026.

Consolidated Q4 and FY2026 Performance

Performance highlights: Q4

- Consolidated Revenue of Rs. 1,704 Crore, a growth of 29.0% YoY
- EBITDA of Rs. 203 Crore, with an EBITDA Margin of 11.9%, up 37 bps YoY
- PAT of Rs. 124 Crore, with a PAT margin of 7.3%

Performance highlights: FY26

- Consolidated Revenue of Rs. 6,185 Crore, a growth of 22.3% YoY
- EBITDA of Rs. 721 Crore, with an EBITDA Margin of 11.7%, up 29 bps YoY
- PAT of Rs. 358 Crore, with a PAT margin of 5.8%

Minda Corp achieved highest ever quarterly revenue of Rs. 1,704 Crore, surpassing industry growth and consensus estimates with a growth of 29.0% YoY. This performance is attributed to a strong product portfolio, an expanding customer base and a focus on product premiumisation. During the quarter, the Company reported quarterly EBITDA of Rs. 203 Crore, with a margin of 11.9%, marking a 37 bps YoY improvement. while Reported Profit After Tax (PAT) reached Rs. 124 Crore, with a margin of 7.3%.

In FY26, the Company reported highest ever EBITDA of Rs. 721 Crore, with a margin of 11.7%, marking a 29 bps YoY improvement. Profit Before Tax (PBT) stood at Rs. 383 Crore, with a margin of 6.2%, while Reported Profit After Tax (PAT) reached Rs. 358 Crore, with a margin of 5.8%.

In FY2026, Minda Corporation strengthened its technology and innovation roadmap through two strategic global partnerships. The Company formed a joint venture with Toyodenso Co., Ltd., Japan, for the manufacturing and sale of advanced automotive switches, and signed a joint venture agreement with Turntide Technologies, UK, to introduce next-generation powertrain solutions for the electric vehicle industry.

These collaborations are aimed at bringing advanced global technologies closer to the Indian market while delivering localized, premium mobility solutions tailored to domestic requirements. The partnerships further highlight the Company's commitment to strengthening India's EV ecosystem in alignment with the Government's 'Make in India' initiative and enhancing the resilience of the domestic automotive supply chain.

Commenting on the results, Mr. Ashok Minda, Chairman and Group CEO said, "FY2026 was a year of consistent execution and steady progress for Minda Corporation. Despite a dynamic market environment, we delivered stable growth supported by demand across key vehicle segments, particularly in the 2W and CV categories. Policy measures such as GST rationalization and the 'Make in India' initiative supported cost efficiency and improved affordability. We continued to invest in R&D and technology partnerships to strengthen our product offerings. Our focus remains on operational efficiency, customer relationships, and disciplined financial management, as we work towards sustaining growth and creating long-term value for all stakeholders".

"In recognition of our shareholders, the board of directors have recommended final dividend of 40% i.e. Rs. 0.80 per equity share on the face value, taking the total dividend for the year to 70% i.e. Rs.1.40 per equity share."

Shares of Minda Corporation Limited was last trading in BSE at Rs. 573.25 as compared to the previous close of Rs. 536.35. The total number of shares traded during the day was 121930 in over 4216 trades.

The stock hit an intraday high of Rs. 590.00 and intraday low of 532.60. The net turnover during the day was Rs. 69136598.00.

Source : Equity Bulls

Keywords

MindaCorporation INE842C01021 Q4FY26 Q4FY2026 FY26 FY2026 ResultUpdate