| Management target | Revenue 200.0% FY30 |
|---|
| Revenue growth | 33.2% YoY growth to ₹1,846 Cr, supported by Minda Vast consolidation. |
|---|---|
| Margins | EBITDA margins at 11.5%, impacted slightly by high raw material costs. |
| Order book | Lifetime order book reached ₹2,500 Cr during the quarter. |
| Demand visibility | Strong domestic demand in 2W/PV; EV 2W registrations crossed 5L units. |
| Management confidence | High, focused on exceeding consensus and long-term Vision 2030 targets. |
Growth
Revenue grew 33.2% YoY to ₹1,846 Cr; EBITDA increased 35.4%, driven by strong mechatronics and EV segments.
Outlook
Management targets 12.5% EBITDA margin by FY30 and is executing a ₹400 Cr capex plan for FY27.
Risks
Commodity inflation, rising labor costs, and freight expenses remain primary margin headwinds.
Last quarter's promises, checked
Delivered
- Guided Minda Vast consolidation in FY27 → delivered (Included in Q1 FY27 results = BEAT)
- Guided Sunroof SOP in FY27 → delivered (On track for Q2/Q3 FY27 = BEAT)
- Guided FY27 Capex ₹400-450 Cr → delivered (₹400 Cr plan confirmed = BEAT)
Partly delivered
- Guided 12.5% EBITDA margin target → delivered 11.5% (Short-term impact from RMC/Labor = PARTIAL)
Earnings Call Transcript filed with NSE, NSE: MINDACORP. Summary written with AI assistance from 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
All →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.
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
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
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.
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.
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