It achieved its highest-ever quarterly revenue of ₹1,704 crore, up 29% year-on-year from ₹1,321.3 crore, surpassing industry growth and consensus estimates. This performance is attributed to a strong product portfolio, an expanding customer base and a focus on product premiumisation.
EBITDA for the quarter increased 33% to ₹203.3 crore against ₹153 crore in the year-ago period, while EBITDA margin improved to 11.9% from 11.6%.
The company’s board recommended a final dividend of ₹0.80 per equity share of face value ₹2 each for FY26, amounting to 40%. This is in addition to the interim dividend of ₹0.60 per equity share, taking the total dividend for FY26 to ₹1.40 per equity share, or 70%.
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The company has fixed Friday, August 14, 2026, as the record date for payment of the final dividend for FY26, subject to shareholder approval at the ensuing annual general meeting.
In FY26, Minda Corporation reported its highest-ever EBITDA of ₹721 crore, with margin improving 29 basis points year-on-year to 11.7%. Profit before tax stood at ₹383 crore with a margin of 6.2%, while reported profit after tax came in at ₹358 crore with a margin of 5.8%.
During FY26, the company expanded its technology and innovation roadmap through two global partnerships. Minda Corporation formed a joint venture with Toyodenso Co., Ltd. for the manufacturing and sale of advanced automotive switches.
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The company also signed a joint venture agreement with Turntide Technologies to introduce next-generation powertrain solutions for the electric vehicle industry.
Ashok Minda, Chairman and Group CEO, said, “FY2026 was a year of consistent execution and steady progress for Minda Corporation. Despite a dynamic market environment, we delivered stable growth supported by demand across key vehicle segments, particularly in the 2W and CV categories.
Policy measures such as GST rationalisation and the ‘Make in India’ initiative supported cost efficiency and improved affordability. We continued to invest in R&D and technology partnerships to strengthen our product offerings.
Our focus remains on operational efficiency, customer relationships, and disciplined financial management, as we work towards sustaining growth and creating long-term value for all stakeholders.”
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