Minda Corporation Limited has informed the Exchange regarding a press release dated May 22, 2026, titled "Press Release on Financial Results for Q4 and Financial Year ended on March 31, 2026.".
MINDACORP · price
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Minda Corporation reported record performance for Q4 and FY2026 ending March 31. Q4 revenue reached Rs. 1,704 Crore, up 29% YoY, with EBITDA of Rs. 203 Crore (11.9% margin) and PAT of Rs. 124 Crore (7.3% margin). Full year revenue stood at Rs. 6,185 Crore, growing 22.3% YoY, with EBITDA of Rs. 721 Crore (11.7% margin) and PAT of Rs. 358 Crore (5.8% margin). The company also announced two strategic joint ventures: one with Toyodenso, Japan for advanced automotive switches, and another with Turntide Technologies, UK for EV powertrain solutions. The board recommended a total dividend of Rs. 1.40 per share (70% payout) for FY26.
Strong Q4 and full-year results with double-digit revenue growth and margin expansion are positive for shareholders. The recommended dividend of Rs. 1.40 per share provides direct shareholder returns. Strategic EV partnerships signal the company's focus on future mobility technology, which could support long-term growth.