Minda Corporation Limited delivered exceptional financial performance in Q3FY26, achieving its highest-ever quarterly revenue of ₹1,560 crores, representing robust growth of 25% year-on-year. The company's strong performance was driven by sustained demand across key vehicle segments, increased market share, and strong traction in EV and premium product categories.

Financial Performance Highlights

The company's Q3FY26 results demonstrate strong operational efficiency and market positioning. EBITDA stood at ₹184 crores, reflecting a margin of 11.8%, while reported profit after tax reached ₹84 crores with a PAT margin of 5.4%.

For the nine-month period, revenue grew 20% to ₹4,482 crores, with EBITDA at ₹518 crores (23% growth) and PAT at ₹238 crores (17% growth).

Business Segment Performance

The company's diversified portfolio showed strong growth across segments. Information & Connected Systems business grew significantly from ₹645 crores to ₹850 crores, representing 32% growth. Mechatronics and aftermarket businesses grew 17% from ₹608 crores to ₹710 crores.

Strategic Developments and Orders

Minda Corporation secured significant lifetime orders worth ₹2,000 crores during Q3FY26, with total nine-month order book reaching ₹7,000 crores. Key developments include multiple platform-specific instrument cluster orders and strategic partnerships.

Associate Company Performance

Flash Electronics, the company's associate, continued strong performance with revenue exceeding ₹488 crores and EBITDA of ₹90 crores, representing an impressive margin of 18.4%. This strategic partnership strengthens presence in EV power electronics, traction motors, and motor controllers.

Corporate Actions and Leadership

The Board of Directors approved an interim dividend of 30%, translating to ₹0.60 per equity share, with record date set for February 13, 2026. Additionally, Ajay Agarwal was appointed as Group Chief Financial Officer and key managerial personnel, effective February 5, 2026.

The company also announced ESOP Scheme 2025, subject to shareholders' approval, aligning with Vision 2030 objectives. With strong fundamentals and strategic initiatives, Minda Corporation remains well-positioned for sustained growth in the automotive components sector.

Minda Corporation Limited has announced a board meeting scheduled for February 5, 2026, to address critical business matters including quarterly financial results and potential dividend distribution. The company issued this notification on January 22, 2026, in compliance with SEBI listing regulations.

Board Meeting Agenda

The board meeting will cover three primary areas of business consideration:

Employee Stock Option Scheme Developments

The board will deliberate on significant changes to the company's employee compensation structure. The agenda includes amendments to the existing Employee Stock Option Scheme 2017 and the transfer of unallocated equity shares to a new scheme titled 'Minda – Employee Stock Option Scheme 2025'. The new scheme requires approval under the Share Based Employee Benefits and Sweat Equity Regulations, 2021.

Trading Window Restrictions

In accordance with SEBI insider trading regulations, Minda Corporation has implemented a trading window closure for all designated persons. The restriction period commenced on January 1, 2026, and will conclude 48 hours after the public disclosure of quarterly results for the period ended December 31, 2025.

Regulatory Compliance and Disclosure

The board meeting notification has been issued pursuant to Regulation 29 of SEBI Listing Obligations and Disclosure Requirements Regulations, 2015. The company has made the notice accessible through multiple channels including its official website and stock exchange platforms. Company Secretary Pardeep Mann signed the notification, ensuring proper corporate governance protocols are maintained throughout the disclosure process.