India · Delayed Price · Currency is INR Minda Corporation Earnings Call Transcripts
Fiscal Year 2026
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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 in EV and premium product segments, outpacing the auto industry. Strategic partnerships, capacity expansion, and a robust order book support a positive outlook despite some supply chain and regional challenges.
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 revenue grew 7.4% year-on-year with record 11.5% EBITDA margin, driven by premiumization, strong domestic OE growth, and strategic Flash Electronics partnership. Export and CV headwinds persist, but order book and R&D investments support robust outlook.
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Q2 FY25 saw record revenue and profitability, with 8% year-on-year growth and robust EBITDA margins above 11%. The order book exceeded INR 4,750 crores, driven by strong domestic demand and EV segment expansion, while exports remain challenged by macroeconomic factors.
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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.