Minda Corporation Limited announced its financial results for the quarter and half-year ended September 30, 2026. The company reported a record quarterly revenue of ₹2,189 crore, a significant 42.6% increase year-over-year. EBITDA stood at ₹257 crore, with an improved margin of 11.8%. Profit After Tax (PAT) was ₹143 crore, reflecting strong operational performance and strategic growth initiatives.
Minda Corporation Reports Strong Financial Performance for Q2 and H1 FY2027
Minda Corporation Limited, a leading automotive component manufacturer, announced its financial results for the quarter and half-year ended September 30, 2026. The company showcased robust growth across key financial metrics, driven by strategic initiatives and expanding market opportunities.
Q2 FY2027 Performance Highlights
For the second quarter of FY2027, Minda Corporation achieved a record consolidated revenue of ₹2,189 crore, marking a substantial 42.6% increase compared to the same period last year. The company’s EBITDA also saw significant growth, reaching ₹257 crore, with an improved EBITDA margin of 11.8%, up by 17 basis points year-over-year. Profit After Tax (PAT) for the quarter was ₹143 crore, with a PAT margin of 6.5%.
H1 FY2027 Performance Highlights
In the first half of FY2027, Minda Corporation reported a consolidated revenue of ₹4,036 crore, an increase of 38.1% year-over-year. EBITDA for the half-year stood at ₹469 crore, with an EBITDA margin of 11.6%. The normalized PAT for the first half was ₹243 crore, reflecting a PAT margin of 6.0%.
Key Business Drivers
The company’s growth was attributed to demand across key vehicle segments, product premiumisation, and an expanding customer base. EV-related products played a crucial role, contributing approximately 35% of new order wins during Q2FY2027. Minda Corporation also highlighted strategic investments of ₹80 crore in its group companies to support business expansion and technological advancements.
Future Outlook
Minda Corporation remains focused on expanding its product portfolio, strengthening customer relationships, and increasing its presence in electronics and EV systems. The company plans to continue investing in R&D, localization, and manufacturing capabilities to enhance its content per vehicle and address evolving customer needs. The focus will also be on improving operational efficiencies and expanding opportunities in both domestic and export markets to ensure sustainable long-term growth.
Leadership Commentary
Mr. Ashok Minda, Chairman and Group CEO, commented, “Q2 and H1FY27 reflected continued progress in our long-term growth strategy, driven by demand across key vehicle segments and execution across our businesses. During the period, we expanded our order pipeline with new business wins and advanced our technology capabilities through product development and strategic partnerships. EV-related products accounted for approximately 35% of new order wins in Q2FY27, highlighting our progress in addressing the industry’s transition towards smarter, connected and electrified mobility.”
Source: BSE
