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Minda Corporation Results: Latest Quarterly Results & Analysis

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Minda Corporation Ltd. 06 Nov 2025 14:30 PM
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Q2FY26 Quarterly Result Announced for Minda Corporation Ltd.

Auto Parts & Equipment company Minda Corporation announced Q2FY26 results

  • Consolidated Revenue of Rs 1,535 crore, a growth of 19.0% YoY.
  • EBITDA of Rs 178 crore, with an EBITDA Margin of 11.6%, up 22 bps YoY.
  • PAT of Rs 85 crore, with a PAT margin of 5.5%.

Ashok Minda, Chairman & Group CEO, said: “In Q2 and H1FY26, 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. The recent GST rationalisation, aimed at reducing cost burdens across the value chain, together with the government’s continued push under Make in India, is expected to support demand, improve affordability, and strengthen domestic manufacturing. The festive season provided positive momentum to overall automotive demand, and we continued to outperform industry growth, reflecting the strength of our diversified portfolio and customer relationships.

As we move forward, we remain focused on expanding our product portfolio through sustained investments in R&D and strategic partnerships. The Company continues to enhance its presence in the electric vehicle segment, improve operational efficiencies, and pursue long-term growth by leveraging new technologies and expanding its reach across both domestic and export markets.”

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Auto Parts & Equipment company Minda Corporation announced Q1FY26 results

  • Consolidated Revenue of Rs 1,386 crore, a growth of 16.2% YoY.
  • EBITDA of Rs 156 crore, with an EBITDA Margin of 11.3%, up 23 bps YoY.
  • PAT of Rs 65 crore, with a PAT margin of 4.7%.

Ashok Minda, Chairman & Group CEO, said: “The first quarter of FY26 witnessed a strong performance, supported by resilient demand across key vehicle segments. Leveraging our focus on operational excellence, technology integration, and customer-centric initiatives, we continued to strengthen our market position. As we progress through the year, we remain focused on expanding our market reach, enhancing exports, and delivering sustainable value to our stakeholders through consistent execution and strategic initiatives.”

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Auto Parts & Equipment company Minda Corporation announced Q3FY25 results

  • Consolidated Revenue of Rs 1,253 crore, a growth of 7.4% YoY.
  • EBITDA of Rs 144 crore, with an EBITDA Margin of 11.5%, up 32 bps YoY.
  • PAT of Rs 65 crore, a growth of 23.5% YoY, with a margin of 5.1%.

Ashok Minda, Chairman & Group CEO, said: "Spark Minda is navigating a dynamic industry landscape with a firm commitment to building a sustainable, future-ready business. By strengthening our foundation and accelerating investments in cutting-edge technology, we are driving innovation and operational excellence. This strategic approach enables us to adapt to industry shifts while delivering lasting value to our customers and stakeholders. With a clear growth roadmap, we continue to enhance efficiency, expand capabilities, and ensure long-term success."

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Auto Parts & Equipment company Minda Corporation announced H1FY25 & Q2FY25 results

Q2FY25 Finaicial Highlights:

  • Highest Consolidated Revenue of Rs 1,290 crore, an increase of ~8.0% YoY.
  • EBITDA of Rs 147 crore with EBITDA Margin of 11.4%, marking an increase of 38 bps YoY.
  • PAT of Rs 74 crore, an increase of 26.5% YoY with a margin of 5.8%.

H1FY25 Finaicial Highlights:

  • Consolidated Revenue of Rs 2,482 crore, an increase of 9.3% YoY.
  • EBITDA of Rs 278 crore with EBITDA Margin of 11.2%, marking an increase of 38 bps YoY.
  • PAT of Rs 139 crore, an increase of 33.2% YoY with a margin of 5.6%.

Ashok Minda, Chairman and Group CEO, said: “We sustained strong growth momentum in Q2FY25, highlighting the resilience of our business model and the impact of our strategic initiatives. This growth has enabled us to expand market presence and consistently create value for our stakeholders. As we move forward, we remain committed to investing in innovation, enriching our product portfolio to meet our customers’ evolving demands, and driving greater cost efficiencies and agility across our operations.”

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Auto Parts & Equipment company Minda Corporation announced Q1FY25 results:

  • Consolidated Revenue of Rs 1,192 crore, an increase of 11.0% YoY
  • EBITDA Margin of 11.1%, marking an increase of 38 bps YoY 
  • PAT of Rs 64 crore, an increase of 42.0% YoY with a margin of 5.3%

Commenting on the results, Ashok Minda, Chairman and Group CEO said, “The first quarter of FY25 began on a positive note with overall demand rising across most vehicle segments, year-on-year basis. Through our focus on key initiatives, financial prudence, and commitment to excellence, we are wellpositioned to surpass industry expectations. We aim for steady growth in our current businesses while expanding our reach through increased exports and a larger customer base. Our dedication to delivering high-quality products and solutions ensures that we consistently meet and exceed customer expectations.”

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Auto Parts & Equipment company Minda Corporation announced Q4FY24 results:

  • Highest Ever Operating Revenue of Rs 1,215 crore, a growth of 13.1% YoY
  • EBITDA margin of 11.4%, an increase of 52 bps YoY
  • Reported PAT of Rs 71 crore with a margin of 5.8%
  • Highest Ever Operating Revenue of Rs 4,651 crore with a growth of 8.2%
  • EBITDA margin of 11.1%, an increase of 33 bps YoY
  • Reported PAT of Rs 227 crore with a margin of 4.9%

Commenting on the results, Ashok Minda, Chairman and Group CEO said, "Our resilient performance this year underlines our commitment to sustainable business practices and innovation. Achieving record revenue and robust growth reflects our focus on premiumisation and transformation. As one of the leading players in smart mobility space, our expanding EV order books, investments in advanced technologies and sustainable solutions reaffirm our commitment to driving sustainable growth.”

In recognition of our shareholders, the board of directors have recommended final dividend of 45% i.e Rs 0.90 per equity share on the face value, taking the total dividend for the year to 70% i.e. Rs 1.40 per equity share.

Our commitment to research and innovation is underlined by the filing of 26 new patents this year, increasing patent portfolio to over 270, highlighting our relentless pursuit of technological advancement. Additionally, we were granted 69 patents in FY24, highest ever since inception.

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Auto Parts & Equipment company Minda Corporation announced Q1FY24 results:

  • Operating revenue of Rs 1,075 crore, growth of 6.4% on a YoY basis
  • Double-digit EBITDA margin of 10.7%
  • Reported PAT of Rs 45 crore with a margin of 4.2%
  • Lifetime order wins of more than Rs 3,000 crore with EV constituting 50% of orders won

Commenting on the results, Ashok Minda, Chairman and Group CEO said, “I am pleased to announce, Minda Corporation achieved a quarterly revenue of Rs 1,075 crore. The company’s EBITDA for the quarter stood at Rs 115 crore with an EBITDA margin of 10.7%, and PBT of Rs 63 crore compared to Rs 71 crore YoY We have done investments in capacity addition and new technology. We also secured multiple significant orders in new technology and mobility segments. This will further accelerate our growth and deliver maximum value to all our stakeholders in the years to come.”

 

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Auto parts & equipment company Minda Corporation announced Q4FY23 results:

  • Operating revenue of Rs 1,075 crore with a growth of 13% on a YoY basis
  • Eleventh successive quarter of double-digit EBITDA margin of 10.9%
  • Reported PAT of Rs 122 crore with a margin of 11.3%

Commenting on the results, Ashok Minda, Chairman and Group, CEO said, “I am delighted to announce that Minda Corporation has achieved a significant revenue increase in FY 22-23, demonstrating a remarkable 45% year-on-year growth with double-digit EBITDA margins. This outstanding performance can be attributed to our strong product portfolio, expanding customer base, and emphasis on product premiumisation. In recognition of our shareholders, the board of directors has recommended a Final dividend of 40% on the face value i.e. Rs 0.80 per equity share, taking the total dividend for the year to 60%, i.e. Rs 1.20 per equity share.”

He added, "As we move forward, we will focus on customer-centricity, driving innovation, and advancing research and development to deliver exceptional value to all our stakeholders.”

 

 

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Auto parts & equipment firm Minda Corporation announced Q3FY23 results:

  • Consolidated Q3FY23:
    • Operating revenue of Rs 1,068 crore with a growth of 45% on a YoY basis, growing better than the industry
    • A tenth successive quarter of double-digit EBITDA margin with EBITDA of Rs 114 crore and EBITDA margin of 10.7%
    • PAT of Rs 52 crore, growing 41% YoY, and PAT margins of 4.9%

Commenting on the results, Mr. Ashok Minda, Chairman and Group CEO said: “During the quarter, the auto industry grew steadily on YoY basis with growth across segment on the back of robust festive season, improved customer sentiments and higher production. The rural demand saw weakness on the back of uneven monsoon, higher finance costs and tepid rural sentiments. Semiconductor supplies have eased out but long lead time still continues. Commodity prices saw an increasing trend in Q3FY23 after softening in Q2FY23. Our teams work closely with customers to mitigate the effect of these challenges.

We are proud to announce that Minda Corporation continues to outperform the industry on both YoY and QoQ with Revenue from Operations of Rs 1,068 crore during the quarter. We achieved robust growth of 45% YoY (22% on like to like basis excluding MIL). EBITDA for the quarter stood at Rs 114 crore with EBITDA margin of 10.7% and PAT of 52 crore with PAT margin of 4.9%. The company’s resilient performance is the result of various cost control initiatives, increased efficiencies and increase in business across verticals with existing customers and the addition of new customers.

Happy to share that the company filed 5 patents during the quarter in various business verticals taking the total no. of patents to 229.

With a focus on innovation and being in line with the emerging trends in the auto industry, Minda Corporation entered into Technology License and Assistance Agreement with LocoNav India Private Limited for Telematics Software for both Web & Android/iOS Platforms. This partnership with LocoNav will help us strengthen our existing relationship with the leading OEMs by integrating LocoNav’s proprietary telematics software into Spark Minda devices making us “a complete telematics solution provider”. This will also help us expand our product portfolio with existing customers and acquire new customers

During the quarter, we have also inaugurated one more Wiring Harness plant in Chakan, Pune spread across 1.9 lakh square feet with the factory equipped with advanced machines backed by cutting-edge technology.

In line with our philosophy to reward our shareholders, the board of directors has declared an Interim dividend of 20% on the face value i.e Rs 0.40 per equity share.

We continue to move forward with our customer-centric approach in line with our goal of providing the best to our customers. Our evolving technological know-how coupled with experience in the sector has helped us stay ahead of the technology curve”.

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Auto Parts & Equipment firm Minda Corporation Announced Q1FY23 Result :

  • Minda Corporation Limited clocks highest ever Quarterly Operating Revenue in Q1 of FY 2022-23
  • Exhibits revenue growth of 80.8% YoY; double-digit EBITDA margins
  • Highest ever Quarterly Operating Revenue of Rs. 10,102 million with growth of 80.8% on YoY basis
  • Eighth successive quarter of double-digit EBITDA margin with EBITDA of Rs 1,066 million and EBITDA Margin of 10.6%, growth of 246% YoY
  • PAT of Rs. 525 million with PAT margins of 5.2%, growth of 639% YoY

Commenting on the results, Mr. Ashok Minda, Chairman and Group CEO said: “The first quarter of FY23 started on an optimistic note with the overall demand in most of the vehicle segments growing on both year-on-year and sequential basis. The growth was primarily driven by economic recovery from adverse impact of the pandemic and through continuous support from the Government to ease inflationary pressure. The other challenges include shortage of semiconductors, upward movement in commodity prices and ongoing global geopolitical tensions. Amidst these headwinds and tailwinds, I am pleased to report that Minda Corporation continues to deliver a stellar performance with reported Revenue from Operations at Rs. 10,102 million during the quarter, robust growth of 80.8% on Y-o-Y basis. The growth was driven by better revenue visibility in both business verticals, increasing share of business from existing customers and increase in content per vehicle. Our order book remains healthy with EV segment contributing more than 20% of our lifetime order won during the quarter.

EBITDA for the quarter stood at Rs. 1,066 million with EBITDA margin of 10.6%, owing to higher operational efficiencies. The robust performance is a testimony to company’s commitment to manufacturing excellence and cost leadership. We are constantly evolving to address the demands of automotive market of the future by continuously investing in R&D and innovation. During the quarter, we remained focussed on enhancing our core capabilities through technological upgradation via inhouse R&D and achieving operational excellence through cost leadership and digitalisation of processes.

Going Forward, we expect demand to remain strong despite inflationary pressure and geopolitical risks while the supply situation is expected to improve further. Moreover, stabilization of commodity prices is expected to aid improvement in underlying margins. We will continue to focus on steady improvement in market share, basis our strong product portfolio and will continue to invest aggressively in future technologies and business models. With the overarching vision to become a complete solution provider for OEMs, we’ll continue to build on the growth momentum by enhancing and strengthening our core business with consistent focus on innovation and technology.

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