Minda Corporation delivered its highest-ever quarterly revenue of INR 1,704 crore in Q4 FY2026, marking a 29% YoY growth. The company concluded FY2026 with a group revenue of INR 9,015 crore and an EBITDA margin of 11.7%. The fiscal year was highlighted by a robust order book exceeding INR 10,000 crore, strategic joint ventures with Toyodenso and Turntide Drives Ltd., and continued focus on EV and advanced technology integration.
Record-Breaking Quarterly Performance
Minda Corporation demonstrated exceptional financial strength during Q4 FY2026, achieving its highest-ever quarterly revenue of INR 1,704 crore, reflecting a strong 29% YoY growth. The EBITDA margin for the quarter stood at 11.9%, a 37 Bps improvement compared to the previous year. For the full FY2026, the company reported consolidated revenue of INR 6,185 crore with an EBITDA margin of 11.7%, indicating a 29 Bps increase over FY2025. PAT for the year surged by 40.3% to INR 358 crore.
Strategic Growth and Joint Ventures
The company aggressively expanded its capabilities through strategic partnerships. A new joint venture was formed with Turntide Drives Ltd. on March 9, 2026, to leverage advanced motor technology for the EV ecosystem. Furthermore, a partnership with Toyodenso focuses on producing advanced automotive switches for two-wheelers and passenger cars in India, with the venture already securing a major order from a leading two-wheeler OEM. These collaborations are designed to strengthen the domestic supply chain and support the ‘Make in India’ vision.
Order Book and Innovation
Minda Corporation’s Total Lifetime Order Book surpassed INR 10,000 crore, with INR 3,500 crore booked in Q4 FY2026 alone. The company continues to prioritize research and development, filing 27 new patents in FY2026, bringing the total count to over 330+ patents. Innovation remains a core driver, with 950+ engineers across 7 engineering centers working on advanced solutions including EV wiring harnesses, instrument clusters, and smart electronics.
Commitment to Sustainable Mobility
The company is successfully transforming its product portfolio to align with modern technology trends, including Connected & Safe Mobility and EV Drive Train Solutions. With a diversified revenue mix across 2-3 Wheelers (48%), Commercial Vehicles (28%), and Passenger Vehicles (14%), Minda Corporation is well-positioned to capitalize on global automotive transitions. The Board of Directors has signaled confidence in this trajectory by recommending a final dividend of 40%, or Rs. 0.80 per equity share.
Source: BSE
