Minda Corp Q1FY27 Revenue Jumps 33.2% YoY to ₹1,846 Cr; PAT ₹206 Cr
Minda Corporation reported Q1 FY27 revenue of ₹1,846 Crore, up 33.2% YoY. PAT stood at ₹206 Crore, including a ₹106 Cr exceptional gain from Minda Vast consolidation. The company approved an additional ₹18 Crore investment in its Spark Minda Toyodenso India JV. ₹63 Crore was invested in group companies for expansion.
The significant revenue growth, improved profitability, and strategic investments in joint ventures and group companies are material events that are likely to have a substantial impact on the company's financial performance and market position.
The company reported strong year-on-year growth in revenue and profit, along with strategic investments and positive commentary from the Chairman, indicating a positive outlook.
Minda Corporation Limited announced its financial results for the quarter ended June 30, 2026, reporting a consolidated revenue of ₹1,846 Crore, a significant 33.2% year-on-year growth. This increase was driven by sustained demand across its product portfolio, addition of new customers, and a focus on premium products.
The company reported an EBITDA of ₹212 Crore with an EBITDA margin of 11.5%, and Profit Before Tax (PBT) stood at ₹237 Crore with a margin of 12.8%. Profit After Tax (PAT) for the quarter was ₹206 Crore, with a margin of 11.2%. The reported PAT includes an exceptional gain of ₹106 Crore arising from the consolidation of Minda Vast.
In terms of strategic investments, Minda Corporation approved an additional investment of up to ₹18 Crore in Spark Minda Toyodento India Private Limited, a joint venture company. This investment will be made through the subscription of 1.80 crore equity shares of ₹10 each, increasing the company's total investment in the joint venture to ₹60 Crore.
Furthermore, the company invested ₹63 Crore in its group companies, including Spark Minda Green Mobility Systems Private Limited, Minda HCMF Technologies Private Limited, and Spark Minda – Toyodenso India Private Limited, to support business expansion. The consolidation of Minda VAST into Minda Corporation is also progressing from Q1 FY27, aimed at strengthening its passenger vehicle segment presence and expanding its vehicle access systems portfolio.
Mr. Ashok Minda, Chairman and Group CEO, commented that the first quarter of FY27 showed steady progress in line with the company's 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 to meet evolving automotive industry needs, particularly in smart, connected, and electrified mobility.
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