Minda Corporation Reports Record Revenue and Operating Profit in Q4 and Full Year 2026
Minda Corporation Limited announced its financial results for the quarter and full year ended March 31, 2026. The results highlight significant growth across key financial metrics, driven by a strong product portfolio and strategic focus on premiumization and advanced technologies.The Company reported a consolidated revenue of Rs. 1,704 Crore for the fourth quarter, marking a year-over-year (YoY) growth of 29.0%. The consolidated EBITDA reached Rs. 203 Crore, improving the EBITDA margin by 37 basis points (bps) YoY. Profit After Tax (PAT) for the quarter stood at Rs. 124 Crore, yielding a PAT margin of 7.3%.
For the full fiscal year (FY26), Minda Corporation achieved record operating results. The Company reported a total EBITDA of Rs. 721 Crore, with an EBITDA margin of 11.7%, showing a 29 bps YoY improvement. Reported PAT for FY26 was Rs. 358 Crore, resulting in a PAT margin of 5.8%.
Financial Performance Overview
The detailed financial results for Q4 FY26, Q4 FY25, and FY26 compared to previous periods are summarized below:| Particulars (Rs. Crores) | Q4 FY26 | Q4 FY25 | Y-o-Y (%) | Q3 FY26 | Q-o-Q (%) | FY26 | FY25 | Y-o-Y (%) |
|---|---|---|---|---|---|---|---|---|
| Operating Revenue | 1,704 | 1,321 | 29.0% | 1,560 | 9.2% | 6,185 | 5,056 | 22.3% |
| EBITDA | 203 | 153 | 33.0% | 184 | 10.8% | 721 | 575 | 25.5% |
| Margin (%) | 11.9% | 11.6% | 37 Bps | 11.8% | 17 Bps | 11.7% | 11.4% | 29 Bps |
| Profit Before Tax (PBT) | 123 | 65 | 90.2% | 97 | 27.9% | 383 | 336 | 14.2% |
| Margin (%) | 7.2% | 4.9% | 233 Bps | 6.2% | 106 Bps | 6.2% | 6.6% | (44) Bps |
| Profit After Tax (PAT) | 124 | 52 | 138.3% | 84 | 47.1% | 358 | 255 | 40.3% |
| Margin (%) | 7.3% | 3.9% | 334 Bps | 5.4% | 188 Bps | 5.8% | 5.1% | 74 Bps |
Strategic Growth and Partnerships
Minda Corporation continued its commitment to technological advancement and market leadership in India's automotive sector. In FY26, the Company focused on strengthening its technology and innovation roadmap through two major strategic global partnerships.The company formed a joint venture with Toyodenso Co., Ltd., Japan, for the specialized manufacturing and sale of advanced automotive switches. Additionally, Minda signed a joint venture agreement with Turntide Technologies, UK, aimed at introducing next-generation powertrain solutions specifically for the electric vehicle industry.
These collaborations are positioned to integrate advanced global technologies into the Indian market, thereby delivering localized, premium mobility solutions tailored to domestic requirements.
Management Commentary
Commenting on the results, Mr. Ashok Minda, Chairman and Group CEO, stated that FY26 was marked by consistent execution and steady progress despite a dynamic market environment. He noted that the stable growth was supported by demand across key vehicle segments, particularly in the 2W and CV categories. He highlighted the ongoing focus on operational efficiency, customer relationships, and disciplined financial management as the company works toward creating long-term value.Dividend Announcement
The board of directors recommended a final dividend of 40%, or Rs. 0.80 per equity share on the face value. Taking into account previous dividends, this brings the total dividend for the year to 70%, equivalent to Rs. 1.40 per equity share.The company remains a leading automotive component manufacturer in India, with a diversified product portfolio spanning Mechatronics, Information and Connected Systems, and Plastic and Interior solutions for auto OEMs.
MINDACORP Stock Price Movement
Today, Minda Corporation Limited shares edged higher, settling at ₹574.65 after gaining 7.67% in post-market trading. The equity saw significant activity, with a total volume of 3.25 million shares recorded.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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