Minda Corporation Limited has announced its financial results for the quarter and half-year ended September 30, 2026. The company reported a consolidated revenue of ₹2,189 crore for Q2 FY27, marking a 42.6% YoY growth. EBITDA stood at ₹257 crore with a margin of 11.8%, and Profit After Tax (PAT) was ₹143 crore with a margin of 6.5%. The Board also approved an additional investment of ₹37 crore in Minda HCMF Technologies Private Limited and announced changes in directorship.
Minda Corporation Announces Strong Q2 FY27 Financial Results
Minda Corporation Limited, the flagship company of Spark Minda, has released its unaudited consolidated financial results for the quarter and half-year ended September 30, 2026. The company showcased robust performance with a consolidated revenue of ₹2,189 crore for the second quarter of FY2027, representing a significant year-over-year growth of 42.6%.
Key Financial Highlights for Q2 FY27
- Consolidated Revenue: ₹2,189 Crore (42.6% YoY growth)
- EBITDA: ₹257 Crore (11.8% margin, up 17 bps YoY)
- Profit After Tax (PAT): ₹143 Crore (6.5% margin)
H1 FY2027 Performance
For the first half of FY2027 (H1FY27), Minda Corporation reported consolidated revenue of ₹4,036 Crore, a 38.1% YoY growth. The EBITDA for the half-year stood at ₹469 Crore with an 11.6% margin, and normalized PAT was ₹243 Crore with a 6.0% margin.
Strategic Investments and Directorship Changes
The Board of Directors has approved an additional investment of up to ₹37 Crore in Minda HCMF Technologies Private Limited, a joint venture company, through the subscription of 3 crore equity shares of ₹10 each. This investment will increase the company’s total stake in the joint venture to approximately ₹60 Crore.
In terms of directorship, Mrs. Pratima Ram will complete her term as an Independent Director on November 09, 2026. Subsequently, Mrs. Rachna Nath has been approved as an Additional Director in the capacity of Independent Director for a term of five years, effective November 10, 2026, subject to shareholder approval. Mr. Ravi Sud has been appointed as the Lead Independent Director, also effective November 10, 2026. The company also announced the re-constitution of its Audit Committee, Nomination & Remuneration Committee, Stakeholders’ Relationship Committee, and Corporate Social Responsibility Committee.
Operational and Technology Outlook
Minda Corporation continues to focus on expanding its product portfolio, strengthening customer relationships, and increasing its presence in electronics and EV systems. The company plans to invest in R&D, localization, and manufacturing capabilities to enhance its content per vehicle and address evolving customer needs. Strategic partnerships and new product programs are also key to the company’s growth strategy, with EV-related products contributing significantly to new order wins.
The company also provided a disclaimer regarding forward-looking statements, emphasizing that actual results may differ due to various risks and uncertainties.
Source: BSE
