Minda Corporation Limited has informed the Exchange about Investor Presentation
MINDACORP · price
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Minda Corporation reported Q1 FY26 revenue of ₹1,386 Cr, up 16.2% year-on-year, driven by strong demand in domestic 2W and PV segments and a higher share of business in wiring harness. EBITDA grew 18.6% YoY to ₹156 Cr with margin expanding 23 bps to 11.3%, continuing the steady margin improvement trend from 9.2% in FY22 to 11.4% in FY25. However, profit after tax grew only 1.7% YoY to ₹65 Cr as finance costs more than tripled to ₹33 Cr from ₹10 Cr a year ago. The company signed a 60:40 joint venture with Toyodenso Japan for advanced automotive switches (~₹150 Cr investment), announced a tech partnership with Qualcomm for smart cockpit solutions, and disclosed a lifetime order book exceeding ₹1,300 Cr with EVs making up over 30%.
The 16% revenue growth and margin expansion signal strong operational momentum, but rising finance costs are eating into bottom-line growth, which investors should watch. Strategic moves into EV systems, smart cockpit tech, and the Toyodenso JV position the company for the next leg of growth, particularly as EV contributes a growing share of the order book.