Minda Corporation Limited has informed the Exchange that Board of Directors at its meeting held on May 22, 2026, recommended Final Dividend of Rs. 0.80 per equity share.
MINDACORP · price
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Minda Corporation reported strong FY2026 consolidated results with revenue from operations of Rs 6,18,534 lakhs, up 22.3% from Rs 5,05,622 lakhs in FY2025. PAT grew even faster at 40.3% to Rs 35,822 lakhs (vs Rs 25,537 lakhs). On standalone basis, revenue was Rs 5,01,702 lakhs and PAT was Rs 24,156 lakhs, both showing healthy growth. The Board recommended a final dividend of Rs 0.80 per share (40% payout), which combined with an interim dividend of Rs 0.60 already paid makes a total dividend of Rs 1.40 per share (70% of face value) for FY2026. The record date is August 14, 2026 and the 41st AGM is on August 21, 2026. S.R. Batliboi & Co. LLP issued an unmodified audit opinion. An exceptional item of Rs 64 lakhs was recorded due to new labour code implementation. The company issued share warrants to Minda Capital Private Limited (a related party) for Rs 42,075 lakhs, with Rs 10,519 lakhs received as subscription.
Strong earnings growth with 22% revenue and 40% PAT expansion signals robust operational performance. The 70% total dividend payout reflects healthy cash generation. The clean audit opinion is positive for investor confidence.