Minda Corporation Limited has informed the Exchange about General Updates
MINDACORP · price
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Minda Corporation reported its highest ever quarterly revenue of ₹1,704 crore in Q4 FY26, up 29% YoY, with EBITDA margin expanding 37 basis points to 11.9%. For full FY26, consolidated revenue grew 22.3% YoY to ₹6,185 crore, while EBITDA margin improved 29 basis points to 11.7% and PAT margin rose 74 basis points to 5.8%. The company formed two new joint ventures - Spark Minda Turntide (49:51 with Turntide Drives) for EV motors and controllers, and Spark Minda Toyodenso (60:40 with Toyodenso) for automotive switches, targeting India's ₹10,000-12,000 crore switch market. Total lifetime order book exceeded ₹10,000 crore with ₹3,500 crore booked in FY26 alone. Flash Electronics acquisition contributed strong 106% YoY revenue growth in Q4.
The stock shows strong operational momentum with consistent margin expansion and a massive order book providing revenue visibility. The new EV-focused JVs position the company well for the transition to electric vehicles. Debt metrics improved with Net Debt/EBITDA declining from 1.8x to 1.2x, strengthening the balance sheet.