Minda Corporation experienced broad-based operational gains as quarterly revenue advanced 42.6 percent to Rs 2,189 crore, while Ebitda expanded to Rs 257 crore. The bottom-line performance improved markedly despite total expenses climbing over 40 percent, heavily impacted by input costs rising from Rs 956 crore to Rs 1,430 crore. New business acquisitions increasingly centered on next-generation automotive technology, with electric mobility components securing about 35 percent of fresh orders.
Key points
Growing market demand across core vehicle categories continues to push overall operationa…: Growing market demand across core vehicle categories continues to push overall operational earnings higher.
Strategic expansion into electric vehicle systems and automotive electronics is successfu…: Strategic expansion into electric vehicle systems and automotive electronics is successfully securing a large share of new business.
Management intends to sustain research and development investments to steadily increase c…: Management intends to sustain research and development investments to steadily increase content per vehicle.
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The company had clocked a net profit of Rs 85 crore in the July-September period of FY26.
Revenue from operations rose 42.6 per cent YoY to Rs 2,189 crore in the quarter under review.
"Q2 and H1FY27 reflected continued progress in our long-term growth strategy, driven by demand across key vehicle segments and execution across our businesses," the company's Chairman and group CEO Ashok Minda said.
Minda Corporation manufactures auto parts, such as switches, driver information systems, access control products, sensors, motors, turbochargers, EV powertrains, and fuel pumps across vehicle segments. Electric vehicle-related products accounted for around 35 per cent of new order wins in the quarter.
Ebitda (earnings before interest, taxes, depreciation, and amortisation) increased by 44.7 per cent to Rs 257 crore in Q2 FY27, compared to Rs 178 crore in the year-ago period, while Ebitda margin improved to 11.8 per cent from 11.6 per cent.
Total expenses during the period grew 40.8 per cent to Rs 2,035 crore, with raw material cost increasing to Rs 1,430 crore from Rs 956 crore.
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