Minda Corporation Limited has informed the Exchange regarding a press release dated August 12, 2025, titled "Press Release on Financial Results for Q1 ended on June 30, 2025"".
MINDACORP · price
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Awaiting price reaction for this filing.
Minda Corporation reported its highest-ever quarterly revenue of Rs. 1,386 Crore in Q1 FY26, up 16.2% year-on-year and 4.9% versus the previous quarter. Operating profit (EBITDA) grew 18.6% YoY to Rs. 156 Crore with margins improving slightly to 11.3%. Net profit (PAT) rose modestly by 1.7% YoY to Rs. 65 Crore, though profit before tax (PBT) declined 16.2% YoY to Rs. 71 Crore due to higher depreciation or interest costs. The company announced a new joint venture with Japan's Toyodenso to manufacture automotive switches in India, with Minda Corp holding a 60% majority stake and a greenfield plant planned in Noida by H2 FY27. It also revealed a collaboration with Qualcomm to co-develop smart cockpit solutions for vehicles using Snapdragon technology. Management cited strong demand across key vehicle segments and a focus on premiumisation and exports.
Positive signals from strong revenue growth, margin expansion and record-high topline, supported by new strategic partnerships. The PBT decline despite PAT growth is worth monitoring, but overall the results and announcements may boost investor sentiment.