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

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.

Minda Corporation , a prominent player in the automotive components industry, has made a significant move in the debt market by issuing commercial paper worth INR 100 crores. This strategic financial decision marks an important development for the company's short-term financing strategy.

Key Details of the Commercial Paper Issuance

Implications and Market Response

The issuance of commercial paper by Minda Corporation indicates the company's ability to access short-term financing at competitive rates. The 7.00% discount rate suggests a favorable perception of the company's creditworthiness in the current market environment.

Commercial papers are unsecured, short-term debt instruments issued by corporations, typically used to finance short-term liabilities. The successful placement of this INR 100.00 crore commercial paper may provide Minda Corporation with increased financial flexibility to manage its working capital needs or fund short-term projects.

Recent Financial Activities

Interestingly, this is not the only recent financial activity by Minda Corporation in the commercial paper market. The LODR data reveals that just a day prior, on October 15, 2025, the company had issued another commercial paper with similar terms:

This back-to-back issuance of commercial papers totaling INR 200.00 crores over two consecutive days may indicate a strategic move by Minda Corporation to capitalize on favorable market conditions or to meet specific financial objectives.

The consistent terms across both issuances, particularly the identical discount rate of 7.00% per annum, suggest stability in the company's perceived credit risk and consistent demand for its debt instruments in the market.

As these developments unfold, investors and market analysts will likely keep a close watch on Minda Corporation's financial strategies and their potential impact on the company's liquidity and overall financial position in the coming months.