Minda Corporation Q1 FY 2026-27 Results: Net Profit More Than Triples, Revenue Rises 33%
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Minda Corporation reported a strong Q1FY27, with PAT attributable to owners rising to ₹206.25 crore from ₹65.31 crore a year earlier. Revenue grew 33.2% to ₹1,846.31 crore, while EBITDA increased 35.4% to ₹211.6 crore.
Minda Corporation started FY27 with a sharp rise in quarterly earnings, while revenue also recorded healthy double-digit growth. The auto-component maker reported consolidated profit after tax attributable to owners of ₹206.25 crore for the June quarter, compared with ₹65.31 crore a year earlier.
Revenue from operations increased 33.2% year-on-year to ₹1,846.31 crore, while consolidated earnings before interest, taxes, depreciation and amortisation (EBITDA) rose 35.4%. The company also said the quarter included an exceptional gain of ₹106 crore, net of tax, arising from the consolidation of Minda VAST.
Key Highlights
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Revenue from Operations: ₹1,846.31 crore (up 33.2% YoY)
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Net Profit (attributable to owners): ₹206.25 crore
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EBITDA: ₹211.6 crore (up 35.4% YoY)
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EBITDA Margin: 11.46% (vs 11.28% YoY)
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Exceptional Gain: ₹106 crore, net of tax
How Did The Business Perform?
Minda Corporation's Q1 FY27 revenue increased both sequentially and year-on-year. On a sequential basis, consolidated revenue from operations rose 8.4% from ₹1,703.81 crore in Q4 FY26.
Operating earnings moved in the same direction, although the margin improvement was relatively modest. EBITDA increased to ₹211.6 crore, taking the margin to 11.46%, compared with 11.28% in Q1 FY26.
During the quarter, Minda Corporation invested ₹63 crore in group companies, including Spark Minda Green Mobility Systems, Minda HCMF Technologies and Spark Minda–Toyodenso India.
The company also began consolidating Minda VAST into its financials from Q1 FY27. The exceptional gain of ₹106 crore, net of tax, was linked to this consolidation and contributed to the sharp increase in reported profit.
Management Commentary
Chairman and Group CEO Ashok Minda said the quarter reflected steady progress against the company's longer-term growth plans, with demand holding up across key vehicle segments.
He also highlighted continued work on technology development, new business wins and the expansion of the company's order pipeline. The CEO said the company remains focused on product development and innovation while building on its existing business base.
Market Reaction
On 13 August, Minda Corporation shares closed at ₹712.05 on the National Stock Exchange (NSE), down 3.29% from the previous close.
The stock fell 1.48% in the past week but gained 5.39% over the last month. The year-to-date gain stands at 21.56%. The stock is up 43.59% over the past year and 138.11% over three years.
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