Minda Corporation Reports Record Q2 Revenue, Secures Strategic Orders Across Segments

Minda Corporation , a leading automotive components manufacturer, has reported its highest ever quarterly revenue of Rs 1,535.00 crores in Q2, marking a robust 19% year-on-year growth. The company's performance, driven by sustained demand across vehicle segments and increased market share, showcases its strong position in the evolving automotive landscape.

Financial Highlights

The company's Q2 performance was marked by several record-breaking achievements:

Metric	Q2	Y-o-Y Growth
Revenue	Rs 1,535.00 crores	19%
EBITDA	Rs 178.00 crores	21.4%
EBITDA Margin	11.6%	22 bps
Profit After Tax	Rs 85.00 crores	14%

Segment-wise Performance

Minda Corporation's growth was broad-based across its business segments:

Mechatronics and Aftermarket: Registered a 12% growth, driven by strong domestic 2-wheeler demand.
Information and Connected Systems: Witnessed a significant 26% growth, including robust performance in instrument clusters and wiring harness businesses.

Strategic Order Wins

The company secured several strategic orders during the quarter:

First sunroof order from a leading OEM, with production set to commence in Q1 FY27.
High-voltage EV wiring harness order from a prominent passenger vehicle manufacturer.
TFT cluster wins across various segments, including passenger vehicles.

These orders contribute to a lifetime order book of Rs 2,000.00 crores for Q2, with exports accounting for 15% of the total.

Flash Electronics Performance

Flash Electronics, Minda Corporation's associate company, reported strong Q2 results:

Revenue: Rs 446.00 crores
EBITDA: Rs 72.00 crores (16.1% margin)
EV contribution: Approximately 23-24% of revenue

Future Outlook

Aakash Minda, Executive Director, commented on the company's future plans: "We remain committed to executing our strategic priorities with continued focus on enhancing our system solution offering, strengthening customer relationships, and investing in new technologies."

The company maintains its revenue growth guidance of 20-25% annually and targets an EBITDA margin greater than 12.5% by 2030. This growth strategy is built on five key pillars:

Investment in existing businesses
New market export focus
Premiumization of existing products
New product launches
Investment in R&D

Conclusion

With a robust order book, strategic investments in R&D and manufacturing capabilities, and a clear vision for 2030, Minda Corporation appears well-positioned to navigate the changing automotive landscape and deliver sustained growth in the coming years.

1 Day	5 Days	1 Month	6 Months	1 Year	5 Years
-1.50%	-2.53%	+4.25%	+6.57%	+18.57%	+620.32%

Minda Corporation Limited, the flagship company of Spark Minda, has announced its financial results for the second quarter of fiscal year 2026, showcasing robust growth across key financial metrics.

Financial Highlights

Particulars (Rs. Crore)	Q2 FY26	Q2 FY25	Y-o-Y Change
Operating Revenue	1,535.00	1,290.00	19.0%
EBITDA	178.00	147.00	21.4%
EBITDA Margin	11.6%	11.4%	22 bps
Profit Before Tax (PBT)	93.00	96.00	-3.3%
Profit After Tax (PAT)	85.00	74.00	13.9%
PAT Margin	5.5%	5.8%	-25 bps

Key Performance Indicators

Minda Corporation achieved its highest ever quarterly revenue of Rs. 1,535.00 crore, with a growth of 19.0% year-over-year.
EBITDA grew to Rs. 178.00 crore, with the margin improving by 22 basis points to 11.6%.
Profit After Tax (PAT) increased by 13.9% to Rs. 85.00 crore, despite a slight decrease in the PAT margin.

Strategic Developments

The company secured lifetime orders totaling over Rs. 3,600 crores in the first half of FY2026.
Minda Corporation achieved multiple first-time strategic wins in both ICE and EV segments, expanding its presence in emerging technologies.
The focus remains on operational efficiency, technological innovation, and expanding the customer base.

Management Commentary

Mr. Ashok Minda, Chairman and Group CEO, commented on the results: "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."

He further added, "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."

Market Outlook

The recent GST rationalization and the government's continued push under the Make in India initiative are expected to support demand, improve affordability, and strengthen domestic manufacturing. The festive season has provided positive momentum to overall automotive demand, with Minda Corporation outperforming industry growth.

Minda Corporation's strong performance in Q2 FY26 reflects its resilience and strategic positioning in the automotive component manufacturing sector. With a focus on innovation and expansion into emerging technologies, the company appears well-positioned to capitalize on the evolving automotive landscape.