Minda Corporation Limited, the flagship company of Spark Minda, announced its financial results for the quarter and full year ended March 31, 2026, reporting its highest-ever annual revenue and EBITDA driven by strong demand across key automotive segments and continued expansion of its technology portfolio. For the fourth quarter of FY26, the company reported revenue of Rs 1,704 crore, representing a year-on-year growth of 29 percent and surpassing broader industry growth trends. Quarterly EBITDA stood at Rs. 203 crore with an EBITDA margin of 11.9 percent, reflecting a 37 basis point improvement over the previous year. Reported profit after tax for the quarter reached Rs 124 crore.
For the full financial year FY26, Minda Corporation recorded its highest-ever EBITDA of Rs721 crore with an EBITDA margin of 11.7 percent, an improvement of 29 basis points year-on-year. Profit before tax stood at Rs 383 crore, while reported PAT reached Rs. 358 crore.
The company attributed the strong performance to its diversified product portfolio, expanding customer base and continued focus on premiumisation across automotive technologies. Growth was particularly supported by demand in the two-wheeler and commercial vehicle segments.
During FY26, Minda Corporation strengthened its global technology and innovation roadmap through two strategic international partnerships. The company entered into a joint venture with Toyodenso Co Ltd. for manufacturing and sale of advanced automotive switches in India. It also signed a joint venture agreement with Turntide Technologies to introduce next-generation electric vehicle powertrain solutions for the Indian market. According to the company, these collaborations are intended to support localisation of advanced automotive technologies while strengthening India’s electric vehicle ecosystem in line with the Government’s “Make in India” initiative.
Commenting on the results, Ashok Minda, Chairman and Group CEO of Minda Corporation, said FY26 reflected a year of consistent execution and operational progress despite a dynamic market environment. He stated that policy measures including GST rationalisation and Make in India initiatives contributed positively to affordability and manufacturing competitiveness. He added that the company continues to focus on investments in research and development, operational efficiency and technology partnerships to strengthen long-term growth and customer relationships.
Minda Corporation, established in 1985, is a major manufacturer of automotive components in India. The company provides products and systems for two-wheelers, passenger vehicles, commercial vehicles, off-highway vehicles, and aftermarket applications. Through ongoing investments in research, development, and global partnerships, the company continues to expand its role in advanced automotive technologies.
