Minda Corporation announced its earnings presentation for Q2 and H1 FY26, showcasing significant financial performance. The company reported a revenue increase of 19.0% YoY for Q2, reaching ₹1,535 crore, and 18.0% YoY for H1. The EBITDA margin stood at 11.6% for Q2 and 11.4% for H1, reflecting growth of 22 Bps and 23 Bps respectively. Strategic developments include securing first sunroof order and new technology partnerships.
Q2 & H1 FY26 Performance Highlights
Minda Corporation showcased a strong performance in the first half of fiscal year 2026, marked by significant revenue growth and strategic initiatives:
- Highest ever Quarterly Revenue of ₹1,535 crore, a growth of 19.0% YoY.
- EBITDA margin reached 11.6% for Q2FY26, an increase of 22 Bps YoY.
- Revenue growth of 18.0% YoY despite challenging economic conditions.
- H1 EBITDA margin stood at 11.4%, with a growth of 23 Bps YoY.
- Total Lifetime Order-book exceeded ₹3,600 Crore.
- Secured first sunroof order.
Key Business Developments
Several strategic developments contributed to Minda Corporation’s performance:
- Strategic order for high-voltage EV wiring harnesses from a leading PV OEM.
- Order won for TFT cluster from a leading Indian passenger vehicle OEM for their upcoming model launch.
- Secured a first life time order for sunroof systems from leading OEMs and SOP planned for Q1 FY27.
Financial Performance
The financial results showed positive momentum:
- Q2 FY26 Revenue: Increased to ₹1,535 crore
- Q2 FY26 EBITDA Margin: Stood at 11.6%
- H1 FY26 PAT: ₹150 crore
Business Segment Performance
Performance across different business verticals was strong:
- Mechatronics and Aftermarket: Driven by strong domestic 2W segment demand, with Q2 FY26 revenue reaching ₹712 crore.
- Information & Connected Systems: Strong growth driven by domestic 2W and CV segments with Q2 FY26 revenue at ₹823 crore.
Strategic Priorities and Future Growth
Minda Corporation focuses on several strategic priorities to deliver robust growth:
- Investment in existing business
- New product launches.
- Expanding into new markets.
- Premiumization of existing products.
- Investment in R&D.
Expansion & New Facilities
Minda Corporation is actively investing in expanding its manufacturing capabilities. The company incurred a capital expenditure of ₹220 crore in H1 FY26 and plans to spend approximately ₹2,000 crore over the next five years. This includes setting up new greenfield facilities for die casting and instrument clusters.
Source: BSE
