Minda Corporation Limited has announced a record revenue of ₹1,535 crore for the second quarter of the fiscal year 2026 (Q2 FY26), marking a 19% year-on-year growth. The company attributed this impressive performance to robust demand across various vehicle segments, including two-wheelers and commercial vehicles, bolstered by improved consumer sentiment and favorable macroeconomic conditions. In addition, the recent GST rate reduction has enhanced affordability, further supporting the automotive sector's overall positive trajectory. Minda Corporation's strong operational performance is reflected in its highest-ever EBITDA of ₹178 crore and an EBITDA margin of 11.6%, underscoring its effective cost management strategies.
During a conference call held on November 6, 2025, Minda's Executive Director Aakash Minda highlighted the company's significant growth in the wiring harness and instrument cluster divisions, which have outperformed industry trends. The profit after tax rose to ₹85 crore, a 14% increase year-on-year, driven by operational efficiencies and an improved product mix. The company also noted strong performance from its associate, Flash Electronics, which reported revenue of ₹446 crore in Q2 FY26, contributing to Minda's expansion into high-growth domains such as electric vehicle (EV) power electronics. This collaboration is expected to enhance operational synergies and play a vital role in Minda's growth roadmap.
Looking forward, Minda Corporation is committed to executing its strategic priorities, which include investing in existing businesses and expanding its presence in the EV market. The company recently hosted an Investor Day to present its technological capabilities and long-term Vision 2030, focused on five key pillars: investment in existing businesses, market expansion, product premiumization, new product launches, and R&D investment. As the automotive industry enters the second half of FY26 with optimism, Minda Corporation aims to leverage its strengths in localization and manufacturing to continue its growth trajectory in both domestic and global markets.