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Minda Corporation Delivers Record Q1 FY26 Revenue of Rs 13.86 Billion

2025-08-14

Minda Corporation, the flagship company of Spark Minda, has reported its highest-ever quarterly performance for the quarter ended June 30, 2025, with consolidated revenue of Rs 13.86 billion, up 16.2 per cent year-on-year. The growth was driven by a robust product portfolio, a wider customer base, and increased product premiumisation.

EBITDA stood at Rs 1.56 billion with an operating margin of 11.3 per cent, marking a 23 bps Y-o-Y improvement. Profit Before Tax was Rs 710 million (5.1 per cent margin), while Profit After Tax reached Rs 650 million (4.7 –per cent margin).

The company also advanced its strategic agenda through two major collaborations:

Joint Venture with Toyodenso – A new entity will be established in India to manufacture and sell advanced automotive switches for two-wheelers, passenger cars, and other segments. Minda Corp will hold a 60 per cent stake, and the greenfield plant in Noida, Uttar Pradesh, is set to begin operations in H2 FY27. Orders from Indian customers have already been secured.
Collaboration with Qualcomm – Co-development of next-generation smart cockpit solutions powered by the Snapdragon Cockpit Platform, aimed at delivering intelligent, connected, and user-centric in-vehicle experiences.

Commenting on the results, Ashok Minda, Chairman and Group CEO, said:

"Q1 FY26 reflects strong demand across vehicle segments and our ability to deliver value through operational excellence and innovation. We will continue to expand market reach, boost exports, and build sustainable stakeholder value through strategic partnerships and technology leadership."

The company plans to further strengthen R&D capabilities and deepen partnerships to stay ahead of evolving customer needs in India and global markets.