Minda Corporation Achieves Record Quarterly Revenue of ₹1,535 Crore, Secures Over ₹3,600 Crore in Lifetime Orders

Minda Corporation Limited, the flagship company of Spark Minda, has announced robust financial results, posting a record quarterly revenue of ₹1,535 crore, which represents a significant 19% year-on-year growth. The company attributes this impressive performance to its strong product offerings, a widening customer base, and a strategic emphasis on premiumisation.

The firm reported Earnings Before Interest, Taxes, Depreciation, and Amortization (Ebitda) of ₹178 crore, with an Ebitda margin of 11.6%, an improvement of 22 basis points compared to the previous year. Net profit for the quarter was ₹85 crore, resulting in a Profit After Tax (PAT) margin of 5.5%.

In the first half of fiscal year 2026, Minda Corporation secured lifetime orders totalling over ₹3,600 crore. These crucial orders encompass both established and emerging technology products, including multiple strategic wins in the Internal Combustion Engine (ICE) and Electric Vehicle (EV) segments.

Consolidated revenue for the first half of FY26 reached ₹2,921 crore, showing a 17.7% year-on-year increase. During this period, Ebitda stood at ₹334 crore (with an 11.4% margin), and PAT was ₹150 crore (with a 5.1% margin).

Ashok Minda, Chairman and Group CEO, highlighted that the company's steady performance was bolstered by its strong market standing and sustained demand across key vehicle categories. He pointed to operational efficiency, technological innovation, and a growing customer base as key enablers. Mr. Minda also noted the supportive impact of recent GST rationalisation and the 'Make in India' initiative on demand, affordability, and domestic manufacturing.

Impact This news is highly positive for Minda Corporation and the Indian automotive components sector, signaling strong growth momentum and future revenue streams. The company's successful order acquisition, particularly in the burgeoning EV segment, aligns well with market trends and could enhance investor confidence, potentially leading to a favourable impact on its stock performance. Rating: 8/10.

Difficult Terms: * **Revenue**: The total amount of income generated from the sale of goods or services in a specific period. * **Ebitda (Earnings Before Interest, Taxes, Depreciation, and Amortization)**: A measure of a company's operating performance that excludes interest, taxes, depreciation, and amortization expenses. It provides insight into the company's profitability from its core operations. * **Ebitda Margin**: Ebitda expressed as a percentage of revenue, indicating the company's operational profitability relative to its sales. * **Basis Points**: A unit of measure used in finance, equal to 1/100th of a percentage point (0.01%). An increase of 22 basis points means a 0.22% increase. * **Net Profit (PAT - Profit After Tax)**: The company's profit after all expenses, including taxes, have been deducted from its total revenue. This is the 'bottom line' profit. * **PAT Margin**: Net profit expressed as a percentage of revenue, showing the overall profitability of the company. * **ICE (Internal Combustion Engine)**: Traditional vehicle engines that burn fossil fuels to generate power. * **EV (Electric Vehicle)**: Vehicles powered entirely by electricity stored in batteries. * **GST (Goods and Services Tax)**: A consumption tax applied to the supply of goods and services in India. 'Rationalisation' implies adjustments to make it more efficient or less burdensome. * **Premiumisation**: The trend of consumers preferring and spending more on higher-quality, higher-priced, or more luxurious goods and services. * **Make in India**: A government initiative aimed at encouraging domestic manufacturing and investment in India.