MINDACORP

Minda Corporation's management provided an optimistic outlook for future growth, guiding for revenue growth of over 15% in FY27, assuming a 10% industry growth. The company maintains a long-term vision to achieve a group-level consolidated revenue of INR 17,500 crores with a 12.5% EBITDA margin by FY2030. Planned Capex for FY2026-27 is projected at INR 400-450 crores. Key growth drivers include strategic investments in EV power electronics, new product launches (sunroof and switches JV by FY28), premiumization, and deep localization. The lifetime order book stands strong at INR 10,000 crores, with execution spanning 48-60 months. Strategic initiatives like the Turntide Technologies JV for electric mobility and the Toyodenso JV for switches, along with the consolidation of Minda VAST from FY27, are expected to fuel this growth. Management indicated that commodity price volatility will be managed via pass-through contracts and operational efficiencies.

Minda Corporation Limited reported strong consolidated results for Q4 FY26. Consolidated Revenue stood at ₹1,703.81 Cr vs ₹1,321.26 Cr (▲29.0% YoY), EBITDA was ₹203.37 Cr vs ₹152.88 Cr (▲33.0% YoY), and PAT attributable to owners increased to ₹124.61 Cr vs ₹52.03 Cr (▲139.5% YoY). EBITDA Margin expanded by 30bps, from 11.6% to 11.9%. The Board also recommended a final dividend of ₹0.80 per equity share (40%) for FY2025-26, bringing the total dividend for the year to ₹1.40 per share (70%).

Minda Corporation Limited announced a final dividend of 40% (Rs. 0.80 per equity share) for the financial year 2025-26, subject to shareholder approval at the 41st AGM. The Record Date for ascertaining eligible shareholders is August 14, 2026. The 41st Annual General Meeting will be held on August 21, 2026, and the dividend will be paid on or before September 18, 2026.

Minda Corporation Limited announced the availability of the audio recording of its Earning Call, which discussed the financial results for the Quarter and Financial Year ended March 31, 2026. The recording is accessible on the company's website.

Minda Corporation Limited announced signing a First Amendment Agreement to the Shareholders' Agreement for its Joint Venture, Minda Vast Access Systems Private Limited (MVAST), with Vehicle Access Systems Technology LLC, U.S.A. The amendment grants Minda Corporation Limited control over MVAST, effective from April 1, 2026. MCL and VAST currently hold 50% shares each in MVAST.

Minda Corporation reported strong Q4 FY26 consolidated financial results. Operating Revenue stood at ₹1,704 Cr vs ₹1,321 Cr (▲29.0% YoY), EBITDA at ₹203 Cr vs ₹153 Cr (▲33.0% YoY), and PAT at ₹124 Cr vs ₹52 Cr (▲138.3% YoY). EBITDA Margin expanded to 11.9% vs 11.6% (▲37bps). The company also announced a final dividend of 40% (₹0.80 per share), taking the total dividend for the year to 70% (₹1.40 per share).

Minda Corporation Limited announced the re-appointment of its auditors. S. R. Batliboi & Co. LLP was re-appointed as statutory auditors for five years from FY 2026-27 to FY 2030-31. Chandra Wadhwa & Co. was re-appointed as cost auditors for FY 2026-27. BDO India Services Pvt Ltd was re-appointed for transfer pricing for FY 2025-26. Additionally, Grant Thornton Bharat LLP and Protiviti India Member Private Limited were re-appointed as internal auditors for FY 2026-27.

Minda Corporation reported a strong Q4 FY26 financial performance with Consolidated Revenue of ₹1,704 Cr (▲29% YoY), EBITDA of ₹203 Cr (▲33% YoY), and PAT of ₹124 Cr (▲138% YoY). The EBITDA Margin expanded from 11.6% to 11.9% (▲30bps). The company achieved its highest ever quarterly revenue and recorded a total lifetime order book exceeding ₹10,000 Crores, including new orders worth ₹3,500 Crores in Q4FY26. Strategic joint ventures with Turntide Drives Ltd. and Toyodenso were also formed.

Standalone Revenue ₹1370.40 Cr vs ₹1083.16 Cr (▲26.52% YoY), EBITDA ₹172.39 Cr vs ₹122.41 Cr (▲40.83% YoY), PAT ₹73.34 Cr vs ₹33.78 Cr (▲117.12% YoY). EBITDA Margin 12.58% vs 11.30% (▲128bps). The Board also recommended a final dividend of ₹0.80 per equity share for FY 2025-26, bringing the total dividend for the year to ₹1.40 per equity share.

Minda Corporation Limited announced a conference call to discuss its financial results for the quarter ended March 31, 2026 (Q4FY26). The call is scheduled for Friday, May 22, 2026, at 4:00 P.M. IST. Key management personnel, including Mr. Aakash Minda (Executive Director), Mr. Ajay Agarwal (GCFO), and Mr. Nitesh Jain (Lead Investor Relations), will participate.

CRISIL upgraded Minda Corporation Limited's Long Term Rating from AA-/Positive to AA/Stable and reaffirmed Short Term Rating at A1+. Its subsidiary, Minda Instruments Limited, also saw its Long Term Rating upgraded from AA-/Positive to AA/Stable.

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Minda Corp's subsidiary received an order from GST authorities for a demand of ₹4.76 Cr GST plus equivalent penalty and interest for FY19-21 due to misclassification. The company intends to appeal, stating no material financial impact.

Minda Corporation Limited announced the closure of its trading window for designated persons from April 01, 2026, until 48 hours after the declaration of financial results for the quarter and financial year ended March 31, 2026, as per SEBI regulations.

Minda Corporation Limited received an Income Tax Assessment Order on March 28, 2026, for AY 2023-24 (FY 2022-23), demanding ₹670,906,417, including interest. The company is reviewing the order with advisors and intends to contest it.