Minda Corporation announced its highest ever consolidated revenue of ₹1,535 Crore and operating profit of ₹178 Crore with an operating margin of 11.6%. The company secured lifetime orders totaling over ₹3,600 crores in H1 FY2026 and achieved multiple first-time strategic wins in the ICE and EV segments. The company continues to enhance its presence in the electric vehicle segment and expand its reach across both domestic and export markets.
Financial Performance Highlights
Minda Corporation reported a strong financial performance for Q2 FY2026:
- Consolidated Revenue:₹1,535 Crore, up 19.0% year-over-year
- EBITDA:₹178 Crore, with an EBITDA Margin of 11.6%, up 22 bps year-over-year
- PAT:₹85 Crore, with a PAT margin of 5.5%
The company also reported its financial results for H1 FY2026:
- Consolidated Revenue:₹2,921 Crore, up 17.7% year-over-year
- EBITDA:₹334 Crore, with an EBITDA Margin of 11.4%, up 23 bps year-over-year
- PAT:₹150 Crore, with a PAT margin of 5.1%
Key Strategic Developments
The company secured lifetime orders totaling over ₹3,600 crores in H1 FY2026. Minda Corp secured marquee orders across existing and emerging technology products, achieving multiple first-time strategic wins in the ICE and EV segments.
Management Commentary
Mr. Ashok Minda, Chairman and Group CEO, stated, “In Q2 and H1 FY26, we delivered a steady performance supported by our strong market position and sustained demand across key vehicle segments. Our focus on operational efficiency, technological innovation, and an expanding customer base has helped us maintain growth momentum despite a dynamic industry environment.”
Financial Metrics Overview
| Particulars (₹ Crores) | Q2 FY26 | Q2 FY25 | Y-o-Y (%) | Q1 FY26 | Q-o-Q (%) | H1 FY26 | H1 FY25 | Y-o-Y (%) |
|---|---|---|---|---|---|---|---|---|
| Operating Revenue | 1,535 | 1,290 | 19.0% | 1,386 | 10.8% | 2,921 | 2,482 | 17.7% |
| EBITDA | 178 | 147 | 21.4% | 156 | 13.8% | 334 | 278 | 20.1% |
| Margin (%) | 11.6% | 11.4% | 22 Bps | 11.3% | 31 Bps | 11.4% | 11.2% | 23 Bps |
| Profit Before Tax (PBT) | 93 | 96 | (3.3)% | 71 | 31.2% | 164 | 180 | (9.3)% |
| Margin (%) | 6.0% | 7.4% | (139) Bps | 5.1% | 94 Bps | 5.6% | 7.3% | (167) Bps |
| Profit After Tax (PAT) | 85 | 74 | 13.9% | 65 | 29.6% | 150 | 139 | 8.2% |
| Margin (%) | 5.5% | 5.8% | (25) Bps | 4.7% | 80 Bps | 5.1% | 5.6% | (45) Bps |
Source: BSE
