Minda Corporation Limited (MINDACORP) Earnings Call Transcripts

Minda Corporation Limited's Latest Earnings Call - Q4 FY2026

In Q4 FY '26, Minda Corporation Limited reported a record-breaking performance with quarterly revenue reaching INR 1,704 crores, up 29% year-on-year, and full-year revenue of INR 6,185 crores, reflecting a 22.3% increase. The company achieved its highest-ever EBITDA of INR 203 crores in the quarter and INR 721 crores for the fiscal year, with PAT growing 40.3% year-on-year to INR 358 crores. Management maintained a positive outlook, indicating a commitment to strategic growth initiatives and a target of 20% revenue growth for FY '27, aligning with their long-term vision to reach INR 17,500 crores by FY '30.

Reported metrics

Guidance from management

Management expects revenue growth of at least 20% for FY '27, aiming for INR 17,500 crores in revenue by FY '30. They are focused on strategic growth initiatives and maintaining operational excellence.

What management said

Yes. So Turntide is from U.K. and they have a legacy from Sevcon and Bob Bonner, which are pretty famous companies in the automotive industry. Turntide brings in from the motor perspective, axial flux technology, which Flash does not have. And axial flux can be again used in all vehicle segments, particularly where the space is a constraint. So that is where the axial flux technology comes from Turntide. When it co...

No. For passenger vehicle, EV motor capabilities, Flash Electronics already have the product developed to their technical center in Poland. We are already under discussion with a few customers where our products are in active engagement in India for the passenger vehicle motors and a complete system.

What analysts pressed on

Analysts expressed concerns regarding the impact of rising commodity prices and labor costs on margins. There were questions about the sustainability of growth rates in light of these pressures and the company's ability to maintain profitability amidst inflationary challenges.

Main topics on the call

• Record Financial Performance — Minda Corporation achieved its highest-ever quarterly revenue of INR 1,704 crores, a 29% increase year-on-year. The full-year revenue also set a record at INR 6,185 crores, growing 22.3% YoY. Management stated, "the quar...
• Strong Growth in Automotive Segments — The automotive sector showed robust growth, with the 2-wheeler segment up 21% YoY and passenger vehicles up 11.3%. Minda's performance mirrored this trend, with strong demand across all vehicle segments. Management noted...
• Strategic Partnerships and Joint Ventures — Minda Corporation is enhancing its footprint in the electric mobility ecosystem through joint ventures, including one with Turntide Technologies. This partnership is expected to leverage global technology expertise and l...
• Commodity Price Pressures — Management acknowledged significant inflationary pressures from rising commodity prices, which have escalated by 30% to 40%. They indicated that while these costs are passed to customers, they still impact overall margin...

Read the full Minda Corporation Limited transcript (Q4 FY2026) → Summary generated from the call transcript; every figure above is stated by management on the record.

Earnings Call History

EarningsCalls.dev has 28 Minda Corporation Limited earnings call transcripts on record, spanning February 7, 2020 to May 22, 2026. Based on this history, Minda Corporation Limited reports quarterly. The most recent call on file is dated May 22, 2026. The full list is below — each row opens the complete, free-to-read transcript.

Ticker

MINDACORP

Exchange

NSEI

Country

IN

Sector

Consumer Discretionary

Industry

Automobile Components

Calls on record

28

First call

February 7, 2020

Most recent

May 22, 2026

Reporting cadence

quarterly