Minda Corporation Announces Strong FY26 Results with Revenue Growth and Dividend Recommendation

Minda Corporation Announces Strong FY26 Results with Revenue Growth and Dividend Recommendation​

Minda Corporation Limited, the flagship company of Spark Minda, announced its financial results for the quarter and full year ended March 31, 2026. The company reported its highest ever consolidated revenue and operating profit for the fiscal year.

Financial Highlights for FY26​

For the quarter ended March 31, 2026 (Q4FY26), Minda Corporation's consolidated operating revenue reached Rs. 1,704 Crore, marking a 29.0% year-over-year (YoY) increase. EBITDA for the quarter was Rs. 203 Crore, reflecting an EBITDA margin of 11.9%. The Profit After Tax (PAT) for Q4FY26 stood at Rs. 124 Crore, with a PAT margin of 7.3%.

The full year ended March 31, 2026, showed significant growth across key metrics:


For the full fiscal year 2026, the company recorded a consolidated EBITDA of Rs. 721 Crore, achieving an EBITDA margin of 11.7%. The Profit After Tax (PAT) reached Rs. 358 Crore, with a margin of 5.8%.

The Group's strong performance is attributed to a robust product portfolio, expanding customer base, and a focus on product premiumization.

Strategic Updates and Collaborations​

Minda Corporation continued to strengthen its technology roadmap through strategic global partnerships. During FY2026, the company formed a joint venture with Toyodenso Co., Ltd., Japan, aimed at manufacturing and selling advanced automotive switches. Additionally, a joint venture agreement was signed with Turntide Technologies, UK, to introduce next-generation powertrain solutions for the electric vehicle industry. These collaborations underscore the company's commitment to developing advanced global technologies tailored for the Indian market and bolstering the domestic automotive supply chain.

In terms of operational growth, the company's performance was supported by stable demand across key vehicle segments, particularly the two-wheeler and commercial vehicle categories.

Dividend Recommendation and Corporate Actions​

The Board of Directors recommended a final dividend of 40%, equivalent to Rs. 0.80 per equity share (on a face value of Rs. 2 per share) for the financial year 2025-2026. This payment, combined with the interim dividend of Rs. 0.60 per equity share, brings the total dividend for the year 2025-2026 to Rs. 1.40 per equity share, representing 70% of the face value.

The board also decided that the record date for the payment of the Final Dividend for FY2026 has been fixed on Friday, August 14, 2026. Furthermore, the 41st Annual General Meeting of the company is scheduled for Friday, August 21, 2026.

Additional Financial Movements​

The company noted several key financial movements:

• The board recommended an additional dividend of Rs. 1.40 per equity share (70% of face value).
• The board decided to transfer the unclaimed dividend amount and shares held against dividends that remained unpaid for a period of seven consecutive years for the financial year 2018-19 to the demat Account of the IEPF Authority.

MINDACORP Stock Price Movement​

Today, Minda Corporation Limited shares edged higher to close at ₹585.35, marking a gain of 2.15% for the day. The stock finished the trading session on strong buying interest, posting a rise of ₹12.35 on an exchange volume of 2.60 million shares.