Minda Corporation Reports Strong Q1 FY2027 Results with Revenue Jump of 33.2%

Minda Corporation Reports Strong Q1 FY2027 Results with Revenue Jump of 33.2%​

Minda Corporation Limited, the flagship company of Spark Minda, announced robust financial results for the quarter ending June 30, 2026. The company reported a substantial increase in consolidated revenue and profitability, driven by sustained demand across its product portfolio, customer additions, and a focus on premium products.

The corporation achieved consolidated revenue of Rs. 1,846 Crore, marking a significant year-on-year (YoY) growth of 33.2%. This performance was backed by improved operating metrics throughout the quarter.

For Q1 FY2027, Minda Corporation reported an EBITDA of Rs. 212 Crore, translating to an EBITDA margin of 11.5%. Profit Before Tax (PBT) stood at Rs. 237 Crore, achieving a margin of 12.8%. The company also recorded a Profit After Tax (PAT) of Rs. 206 Crore, resulting in a PAT margin of 11.2%.

These results underscore the Company's continued focus on execution and product innovation while strengthening its position across key automotive segments and expanding its presence in emerging mobility areas.

Financial Highlights for Q1 FY2027​

The following table details the key financial metrics for Minda Corporation during the reported quarter, alongside comparative figures from previous periods:


In addition to the operational performance, Minda Corporation invested Rs. 63 Crore across its group companies—Spark Minda Green Mobility Systems Private Limited, Minda HCMF Technologies Private Limited, and Spark Minda -Toyodenso India Private Limited—to support business expansion.

The company is also advancing the consolidation of Minda VAST into Minda Corporation starting from Q1 FY27. This strategic move aims to strengthen its presence in the passenger vehicle segment and expand its portfolio of vehicle access systems, which includes locksets, latches, handles, immobilizers, passive entry systems, and power access solutions.

Management Commentary and Future Outlook​

Commenting on the financial performance, Mr. Ashok Minda, Chairman and Group CEO, stated that the first quarter of FY27 reflected steady progress aligned with the company's long-term growth strategy. He highlighted strong demand across key vehicle segments and continued execution across all businesses as contributing factors to the results.

Mr. Minda also mentioned that the company strengthened its technology capabilities through strategic partnerships and expanded its order pipeline following new business wins. Looking ahead, Minda Corporation plans to focus on expanding its product portfolio, enhancing customer relationships, and increasing market presence in emerging mobility segments. The company remains committed to investing in technology, product innovation, and manufacturing capabilities while prioritizing operational excellence, premiumization, and sustainable long-term growth.

MINDACORP Stock Price Movement​

Shares of Minda Corporation Limited are edging higher as of 3:08 PM, trading at ₹742.1 after gaining 0.79% (+₹5.80) in live trading. The stock trades on strong momentum and volume (1.68 million shares), as it hovers near its yearly peak, which stands at a high of ₹758.7.