Minda Corp Q1 FY27 Revenue Surges 33.2% YoY to ₹1,846 Crore, PAT at ₹206 Crore
Minda Corporation reported Q1 FY27 consolidated revenue of ₹1,846 Crore, a 33.2% YoY growth. EBITDA was ₹212 Crore with an 11.5% margin. PAT stood at ₹206 Crore, including a ₹106 Crore exceptional gain from Minda Vast consolidation. The company invested ₹63 Crore in group companies and is consolidating Minda VAST.
The significant revenue growth, improved margins, substantial investment in group companies, and strategic consolidation of Minda VAST are material developments that will likely have a considerable impact on the company's future performance and market position.
The company reported strong year-on-year growth in revenue and profit, along with strategic investments and consolidation plans, indicating positive operational and financial performance.
Minda Corporation Limited announced its financial results for the first quarter ended June 30, 2026. The company reported a consolidated revenue of ₹1,846 Crore, marking a significant year-on-year growth of 33.2%. This strong performance was driven by sustained demand across its product portfolio, addition of new customers, and a strategic focus on premium products.
The company achieved an EBITDA of ₹212 Crore in Q1 FY27, with an EBITDA margin of 11.5%, showing a 19 basis points increase year-on-year. Profit Before Tax (PBT) stood at ₹237 Crore with a margin of 12.8%, and Profit After Tax (PAT) was ₹206 Crore with a margin of 11.2%. Notably, the Q1 FY27 PAT includes an exceptional gain of ₹106 Crore (net of tax) arising from the consolidation of Minda Vast.
During the quarter, Minda Corporation invested ₹63 Crore in its group companies – Spark Minda Green Mobility Systems Private Limited, Minda HCMF Technologies Private Limited, and Spark Minda – Toyodenso India Private Limited – to support business expansion. The company is also proceeding with the consolidation of Minda VAST into Minda Corporation from Q1 FY27, aimed at enhancing its presence in the passenger vehicle segment and expanding its vehicle access systems portfolio.
Mr. Ashok Minda, Chairman and Group CEO, commented that the first quarter reflected steady progress in line with the long-term growth strategy, supported by strong demand and execution. He highlighted the company's focus on strengthening technology capabilities, expanding the order pipeline, and investing in innovation. Looking ahead, Minda Corporation remains committed to expanding its product portfolio, customer relationships, and presence in emerging mobility segments, with continued investment in technology, product innovation, and manufacturing capabilities.
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