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Earnings Call

Minda Corporation Earnings Call: Key Takeaways

Minda Corp reported record Q4 FY26 revenue of ₹1,704cr (up 29% YoY) and EBITDA of ₹203cr (up 33% YoY). The company is focusing on premiumization and expanding its EV powertrain footprint.

Why this was an Alfa AlertNot a filter event. While growth was strong and exceeded consensus, management did not state a 10%+ beat over prior internal guidance.
Highlights
Revenue growth22.3% YoY for FY26; 29% for Q4 FY26.
MarginsEBITDA margin at 11.7% (up 29bps YoY); Q4 margin 11.9%.
Order bookLifetime value exceeded ₹10,000cr; Q4 wins of ₹3,500cr.
Demand visibilityStrong momentum in 2W (21%) and Tractor (37%) segments.
Management confidenceHigh confidence in growth trajectory and ₹17,500cr FY30 target.

Growth

FY26 revenue grew 22.3% YoY to ₹6,185cr; PAT surged 40.3% to ₹358cr. Q4 revenue beat consensus estimates.

Outlook

Vision for ₹17,500cr revenue by FY30 with 12.5% EBITDA. FY27 capex guided at ₹400-450cr.

Risks

Commodity inflation (steel, copper, aluminum) up 30-40% and geopolitical tensions creating cost pressures.

Source

Earnings Call filed with NSE, NSE: MINDACORP. Summary written with AI assistance from the document.

Read the document ↗

Minda Corporation Ltd: key numbers

Share price
₹678.85
Market cap
₹16,230 Cr
Revenue (annual)
₹6,185 Cr
Net profit (annual)
₹360.3 Cr
P/E (TTM)
32.4×Sector 33.6×
Promoter holding
64.84%+0.00% QoQ
FII holding
9.29%Current quarter

Reference market data from a third-party provider, updated daily. Not a valuation or a recommendation.

More from Minda Corporation Ltd

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13:05 IST BSE
Management Change

Minda Corporation Management Change

Minda Corporation appointed Meenal Bansal as Company Secretary and Geetika Mishra as Chief Procurement Officer. Both appointments are effective from 24 September 2026.

12:44 IST BSE
Fund Raise

Minda Corporation Fund Raise of ₹500 Cr

Minda Corp board approved Rs.500 Crore NCD private placement and a $1M China WOS. The NCD issuance for funding is the dominant capital decision.

Value
₹500.0 Cr
17:43 IST NSE
Debt & Borrowing

Minda Corporation Debt & Borrowing: ₹100 Cr

Minda Corporation confirmed the redemption of Commercial Papers worth ₹100 Crore on September 22, 2026.

Value
₹100.0 Cr
17:13 IST BSE
Board Meeting Date

Minda Corporation Board Meeting Date

Minda Corporation has scheduled a board meeting for September 24, 2026, to consider raising funds through the issuance of non-convertible debentures.

17:04 IST NSE
Other Announcement

Minda Corporation Other Announcement

Minda Corporation Limited disclosed an ESG rating of 66 assigned by Niche Ninety Nine Capability and Certifications (OPC) Private Limited, which the company did not solicit.

15:45 IST NSE
Debt & Borrowing

Minda Corporation Debt & Borrowing: ₹100 Cr

Minda Corporation has completed the redemption of Commercial Papers worth Rs. 100 Crore. The payment was made on September 04, 2026.

Value
₹100.0 Cr