Minda Corporation Ltd. delivered exceptional financial performance in the first quarter of fiscal 2026-27, with consolidated net profit surging 215.46% to ₹206.03 crore compared to ₹65.31 crore in the corresponding period last year. According to reports from Business Standard, this represents a massive jump in bottom-line performance for the automotive component manufacturer. The significant profit growth was primarily driven by a substantial one-time gain recorded during the quarter, with the company reporting ₹106 crore exceptional gain from the consolidation of Minda VAST.
The company achieved its highest-ever quarterly revenue of ₹1,850 crore in Q1FY27, representing a 33% year-on-year growth and 8% quarter-on-quarter increase. As reported by The Hindu BusinessLine, this performance was led by strong growth across core businesses, with Mechatronics & Aftermarket/Information & Connected Systems growing 33% and 34% year-on-year respectively. Wiring harness and instrument clusters grew over 30% and 35% respectively, demonstrating robust demand across key product segments. The company's EBITDA rose 35% year-on-year to ₹210 crore, with EBITDA margin standing at 11.5%, above analyst estimates of 10.8%.
The exceptional profit growth was significantly bolstered by the ₹106 crore exceptional gain from the consolidation of Minda VAST during the quarter. According to Business Standard, the company also invested ₹63 crore in group companies including Spark Minda Green Mobility Systems, Minda HCMF Technologies and Spark Minda–Toyodenso India. Additionally, the board approved an additional investment of up to ₹18 crore in Spark Minda Toyodenso India, taking the total investment to ₹60 crore. Chairman and Group CEO Ashok Minda stated that the quarter reflected "steady progress in line with our long-term growth strategy," supported by demand across key vehicle segments and continued execution across the business.
Minda Corporation shares were trading at ₹719.75 on the National Stock Exchange, up 0.57% from the previous close. As reported by CNBC TV18, the stock has gained 3.06% over the past week and 4.90% over the past month. Over a three-month period, the shares have risen 45.01%, while the stock is up 28.70% year-to-date. The company's market capitalization stands at ₹17,008 crore, with the stock trading at 6.45 times its book value. Looking ahead, the company remains focused on expanding its product portfolio, strengthening customer relationships and increasing presence across emerging mobility segments. The company plans to continue investing in technology, product innovation and manufacturing capabilities while maintaining focus on operational excellence, premiumisation and sustainable long-term growth.
