Minda Corporation reports record Q1 revenue of INR 1,386 crores

Minda Corporation Limited reported record quarterly revenue of INR 1,386 crores in Q1 FY26, up 16% year-on-year. EBITDA reached INR 156 crores, up 19% with an 11.3% margin.

The EV segment surged 30%, while the wiring harness division secured new contracts. The company closed with an order book exceeding INR 1,300 crores, over 30% from new energy vehicles.

Minda Corporation formed a joint venture with Japan's Toyodenso Corporation to develop automotive switches and control systems, already securing orders from a leading two-wheeler manufacturer.