India · Delayed Price · Currency is INR Minda Corporation Earnings Call Transcripts
Fiscal Year 2026
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Record revenue, EBITDA, and PAT achieved in Q4 and FY 2026, driven by strong growth across all vehicle segments, premiumization, and strategic partnerships. Lifetime order book reached INR 10,000 crore, with continued focus on R&D, EVs, and disciplined capital allocation.
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Q3 FY26 saw record revenue growth of 25% year-over-year, robust margins, and strong order inflow, with exports rebounding and major investments in R&D and capacity. Flash Electronics delivered high margins, and the company remains confident in its growth and ROCE targets.
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Achieved record Q2 revenue and EBITDA with strong growth in wiring harness, instrument clusters, and new EV orders. Flash Electronics delivered robust margins, and the company targets 20%-25% annual growth and >12.5% EBITDA margin, with major investments in R&D and capacity.
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Achieved record quarterly revenue and EBITDA with strong growth across key segments, driven by premiumization, new product launches, and increased market share. Strategic partnerships, capacity expansions, and a robust order book position the company for continued double-digit growth.
Fiscal Year 2025
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Achieved record revenue and EBITDA for Q4 and FY25, driven by strong growth in mechatronics, die-casting, and EV segments. Strategic Flash Electronics acquisition and robust order book position the company for continued expansion, with a focus on localization and technology investments.
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Q3 FY25 saw 7.4% revenue growth and record 11.5% EBITDA margin, driven by strong domestic OE and premiumization, despite export and CV headwinds. Strategic moves include a 49% stake in Flash Electronics and capacity expansions, with a focus on outperforming industry growth.
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Q2 FY25 saw record revenue and EBITDA, with strong growth in mechatronics and die-casting segments. Order book exceeded INR 4,750 crores, driven by premiumization and EV demand. Management maintains a positive outlook, targeting higher margins and export growth.
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Q1 FY25 saw 11% revenue growth and 15% EBITDA growth year-over-year, driven by strong domestic demand and robust order wins, despite subdued exports. Strategic investments, new joint ventures, and increased localization are expected to support continued outperformance versus the industry.