Minda Corporation Reports Record Consolidated Revenue of ₹1,846 Crore; PAT Reaches ₹206 Crore in Q1 FY27
Minda Corporation Limited (NSE: MINDACORP, BSE: 538962), a key company within Spark Minda, announced its financial results for the first quarter of fiscal year 2027 (Q1 FY27) ended June 30, 2026. The Company reported consolidated operating revenue of ₹1,846 Crore, marking a substantial 33.2% growth year-over-year.The results indicated robust operational health and execution across the company's business segments. Minda Corporation generated an EBITDA of ₹212 Crore, achieving an EBITDA margin of 11.5%, which is an increase of 19 basis points (bps) compared to the previous period. Profit Before Tax (PBT) stood at ₹237 Crore, translating to a PBT margin of 12.8%. The net profit for the quarter was ₹206 Crore, resulting in a PAT margin of 11.2%.
The performance figures highlight the company's strong market standing and strategic positioning in various automotive segments.
Consolidated Q1 FY27 Financial Highlights
The following table summarizes key consolidated financial metrics reported by Minda Corporation Limited:
| Particulars (Rs. In Crores) | Q1 FY27 | Q1 FY26 | Y-o-Y (%) |
|---|---|---|---|
| Operating Revenue | 1,846 | 1,386 | 33.2% |
| EBITDA | 212 | 156 | 35.4% |
| Margin (%) | 11.5% | 11.3% | 19 Bps |
| Profit Before Tax (PBT) | 237 | 71 | 235.0% |
| PAT | 206 | 65 | 215.8% |
| Margin (%) | 11.2% | 4.7% | 646 Bps |
Strategic Investments and Operational Moves
In addition to the operational results, the Board of Directors approved several strategic decisions related to the company's growth trajectory. Minda Corporation approved an incremental investment of up to ₹18 Crores into Spark Minda Toyodenso India Private Limited (SMTIPL). This funding is aimed at supporting the joint venture, which operates with a 60:40 shareholding ratio alongside Toyo Denso Co., Ltd. The proposed subscription allows Minda Corporation's total investment in SMTIPL to increase to ₹60 Crores, consisting of 6 Crore equity shares valued at ₹10 each.
The company is also advancing the consolidation process of Minda VAST into Minda Corporation, effective from Q1 FY27. This move strengthens Minda Corp’s presence in the passenger vehicle segment and expands its portfolio across vehicle access systems, including locksets and immobilizers.
Management Commentary
Commenting on the results, Ashok Minda, Chairman and Group CEO of Minda Corporation, stated that the first quarter of FY27 reflected steady progress in line with the long-term growth strategy. He attributed the success to strong demand across key vehicle segments and continued execution capabilities.
Mr. Minda noted that during the quarter, the Company strengthened its technology capabilities through strategic partnerships and expanded its order pipeline via new business wins. Looking forward, Minda Corporation plans to continue investing in product innovation and manufacturing capabilities while maintaining a focus on operational excellence, premiumization, and sustainable long-term growth across all stakeholders.
MINDACORP Stock Price Movement
Today, Minda Corporation Limited shares rallied to close at ₹741.55, gaining 0.71% as the equity hit a five-two-week high during the trading session. The stock finished post-market after demonstrating strong momentum, with 382,833 shares traded and having moved within an intraday range from ₹728.05 to the peak of ₹752.Disclaimer: Due care and diligence have been taken in compiling and presenting news and market-related content. However, errors or omissions may arise despite such efforts.
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