Minda Corporation Limited has announced its strongest financial performance to date, achieving a consolidated revenue of ₹6,185 crore for the fiscal year ending March 31, 2026, representing a 22.3% year-on-year growth. The company also reported a record-breaking operating profit of ₹721 crore. In recognition of this robust growth, the Board of Directors has recommended a final dividend of 40%, bringing the total dividend for the year to 70%, equivalent to ₹1.40 per share.
Financial Performance Highlights
For the fourth quarter ending March 31, 2026, Minda Corporation reported a revenue of ₹1,704 crore, marking a significant 29.0% increase compared to the same period last year. The quarterly EBITDA stood at ₹203 crore with an 11.9% margin. For the full fiscal year, the company’s EBITDA rose to ₹721 crore, reflecting an 11.7% margin and a 29 bps year-on-year improvement. The Reported Profit After Tax (PAT) for the year reached ₹358 crore, demonstrating strong operational efficiency.
Strategic Growth and Partnerships
During FY2026, the company successfully strengthened its technological capabilities and market presence through two key global strategic partnerships. Minda Corporation formed a joint venture with Toyodenso Co., Ltd., Japan, to manufacture advanced automotive switches. Additionally, a partnership with Turntide Technologies, UK, was established to develop next-generation powertrain solutions specifically for the electric vehicle industry, aligning with the company’s commitment to the ‘Make in India’ initiative.
Dividend and Corporate Updates
The Board of Directors has recommended a final dividend of ₹0.80 per equity share (at 40% of face value). Together with the previously declared interim dividend of ₹0.60 per share, the total dividend payout for the year amounts to ₹1.40 per share. The record date for the payment of this final dividend is set for August 14, 2026, subject to approval at the 41st Annual General Meeting, which is scheduled for August 21, 2026.
Source: BSE
