Minda Corporation posts record revenue in H1 FY26 with strong growth

Minda Corporation announced record consolidated revenue of Rs 1,535 crore for Q2 FY26, a 19.0% year-over-year growth, and Rs 2,921 crore for H1 FY26, up 17.7%. Operating profit (EBITDA) reached Rs 178 crore in Q2 FY26, with an 11.6% margin, and Rs 334 crore in H1 FY26, with an 11.4% margin. Profit after tax (PAT) for Q2 FY26 was Rs 85 crore (5.5% margin) and Rs 150 crore for H1 FY26 (5.1% margin). These results are attributed to a strong product portfolio, expanding customer base, and premiumization efforts.

The company secured significant lifetime orders totaling over Rs 3,600 crore in H1 FY26, including first-time strategic wins in both ICE and EV segments. Key strategic developments include securing the first sunroof order from a leading OEM, new strategic partnerships with Toyodenso for advanced switches, and filing 12 new patents, bringing the total to over 315.

Minda Corporation is expanding manufacturing capabilities with a capital expenditure of Rs 220 crore in H1 FY26 and a planned Rs 2,000 crore over the next five years. This includes new greenfield facilities for die casting and instrument clusters, and new product launches in sunroofs, power tailgates, and EV components, strengthening its position in the evolving automotive industry.