Minda Corporation plans a 20% yearly expansion to reach its ambitious FY2030 targets. Currently, the corporation's combined revenue from Flash and Minda Vast stands at INR 9,000 crore.
Minda Corporation Limited
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Minda Corporation's Q4 profit experienced a significant increase of 138%, reaching ₹124 crore, primarily driven by robust demand. This growth was also reflected in the company's revenue, which rose by 29% year-on-year to ₹1,704 crore, largely due to an uptick in electronics and vehicle premiumization.
Minda Corporation reported a significant 29% increase in Q4 revenue compared to last year, reaching ₹1,704 Cr. For the full FY26, revenue grew by 22.3% YoY to ₹6,185 Cr. The EBITDA margin was strengthened at 11.7%. Notably, strategic partnerships with Turntide and Toyodenso have expanded their product range and market presence.
Minda Corp will take over control of their joint venture MVAST from Vehicle Access Systems LLC by April 1, 2026. The change is outlined in a recent amendment to their Shareholders' Agreement.
Minda Corporation significantly boosted its Q4 FY26 net profit by 139.5%, reaching ₹124.6 crore, and recorded a 29% growth in revenue during the same period compared to last year.
Minda Corporation's Q4 profits experienced a significant jump of 140% year-on-year, accompanied by a 29% increase in revenues compared to the same period last year.
Minda Corp reported a 19% increase in Q2 revenue and a 14% rise in profits, signaling strong financial growth for the company, potentially impacting its stock value.
Minda Corporation has announced the issuance of a ₹200 crore Commercial Paper at an annual interest rate of 6.85%. The CP will be redeemed on June 22, 2026. The paper was listed on the National Stock Exchange on May 6, 2026, with ISIN code INE842C14206.
Minda Corporation, having transitioned from a 2W component supplier to a system solutions provider through strategic acquisitions and product enhancements, has been rated as 'Buy' by analysts with a target price of ₹650. This optimistic outlook is supported by robust financials, a forecasted P/E ratio of 29x for FY28, and a projected compound annual growth rate (CAGR) of 17-29%.
Minda Corporation has announced the formation of a joint venture with Turntide Technologies, named Spark Minda Turntide. This collaboration aims to combine their expertise in technology and automotive components.
Minda Corp has partnered with Turntide UK to establish a joint venture, with SMGM owning 49% and Turntide holding 51%. This collaboration focuses on developing advanced motor controllers and electric vehicle powertrain technology in India.
Minda Corporation has been issued a tax demand notice of approximately INR 67.1 crores for the fiscal year 2023-24 under the Income Tax Act. The notice includes an additional INR 17.8 crores for interest charges. The company intends to challenge this assessment order.