Minda Corporation has announced its unaudited financial results for the quarter and half-year ended September 30, 2026. The company demonstrated significant growth, with a 43% year-on-year increase in revenue for Q2 FY27. EBITDA also saw a substantial rise of 45% YoY. These strong financial highlights underscore the company’s expanding market presence and operational effectiveness in the automotive components sector.
Minda Corporation Announces Strong Q2 FY27 Financials
Minda Corporation Limited has released its Un-Audited Financial Results for the second quarter and the first half of the fiscal year ending September 30, 2026. The company showcased impressive financial performance, marked by substantial year-on-year growth across key metrics.
Q2 FY27 Performance Highlights
Revenue Growth
In the second quarter of FY27 (Q2 FY27), Minda Corporation reported a significant increase in Revenue from Operations, growing by 42.6% to Rs. 2,189 crore, compared to Rs. 1,535 crore in the same period last year (Q2 FY26). On a sequential basis, revenue increased by 18.6% from Rs. 1,846 crore in Q1 FY27.
EBITDA Expansion
The company’s EBITDA also witnessed robust growth, rising by 44.7% year-on-year to Rs. 257 crore in Q2 FY27, up from Rs. 178 crore in Q2 FY26. The EBITDA margin stood at 11.8%, an improvement of 17 basis points compared to the previous year. Sequentially, EBITDA grew by 21.6% from Rs. 212 crore in Q1 FY27, with the EBITDA margin at 11.5%.
Profitability
Reported Profit After Tax (PAT) for Q2 FY27 increased by 68.9% to Rs. 143 crore from Rs. 85 crore in Q2 FY26. The reported PAT margin improved to 6.5% from 5.5% YoY. Normalized PAT also saw a significant jump of 62.0% in H1 FY27.
H1 FY27 Performance
For the first half of FY27 (H1 FY27), Minda Corporation reported total revenue of Rs. 4,036 crore, marking a 38.1% increase compared to Rs. 2,921 crore in H1 FY26. EBITDA for H1 FY27 was Rs. 469 crore, a 40.3% rise YoY, with an EBITDA margin of 11.6%.
Business Vertical Performance
The company highlighted strong performance across its business verticals. Mechatronics, Aftermarket and Others reported a 38% YoY growth in Q2 FY27. The Information & Connected Systems vertical demonstrated even stronger growth, with a 46% YoY increase in Q2 FY27.
Key Operational Highlights
Minda Corporation achieved its Highest Ever Revenue & EBITDA in Q2 FY27, with revenue growing 43% YoY, outpacing industry growth. The EV system segment recorded exceptional sales growth of 113% YoY. The company also secured new business wins, including TFT orders with a lifetime value exceeding Rs. 1,000 crore, and an EV order for a 3.5 Kw charger valued at over Rs. 400 crore.
Credit Rating Upgrade
The company’s credit rating was upgraded from AA- to AA, reflecting an improved credit profile and enhanced financial stability.
Source: BSE
