Minda Corp hits record high ₹769 after Q1 profit surge; VAST, orders in focus

Shares of Minda Corporation hit a fresh record high of ₹769 on Friday, a day after the auto component maker reported a sharp rise in June-quarter profit, with investors also tracking the impact of the Minda VAST consolidation and a strong new order pipeline.

Minda Corp reported consolidated revenue of ₹1,846 crore in Q1 FY27, up 33.2% year-on-year from ₹1,386 crore in the year-ago quarter. EBITDA rose 35.3% to ₹211.63 crore from ₹156.40 crore, while EBITDA margin improved to 11.46% from 11.29%.

The company described the quarter as its strongest-ever in terms of quarterly revenue and EBITDA. Its reported EBITDA was ₹212 crore, with an EBITDA margin of 11.5%, up 19 basis points year-on-year.

Profit jumps over 200%

Minda Corp's consolidated profit after tax rose to ₹206 crore in Q1 FY27 from ₹65 crore in the year-ago period, a 216.9% year-on-year increase.

The sharp increase in PAT, however, was partly driven by an exceptional gain. The company said Q1 FY27 PAT included a ₹106 crore exceptional gain, net of tax, arising from the consolidation of Minda VAST.

The company reported profit before tax of ₹237 crore in the quarter, compared with ₹71 crore a year earlier.

Revenue growth was supported by continued demand across Minda Corp's product portfolio, customer additions and a focus on premium products, the company said.

₹2,500 crore order pipeline

Beyond the quarterly numbers, Minda Corp's new business wins are another key factor in the market's focus.

The company secured new lifetime orders worth ₹2,500 crore during Q1 FY27, with electric vehicles accounting for more than 15% of the new order book.

Minda Corp also highlighted seven new patents filed during the quarter, taking its total patents filed to more than 335.

The company said the quarter's performance reflected continued execution, product innovation and strengthening of its position across key automotive segments.

VAST consolidation strengthens passenger vehicle play

The consolidation of Minda VAST into Minda Corporation from Q1 FY27 is another major development for the company.

Minda Corp said the move strengthens its presence in the passenger vehicle segment and expands its vehicle-access systems portfolio. The portfolio includes locksets, latches, handles, immobilisers, passive-entry systems and power-access solutions.

The exceptional gain of ₹106 crore in the June quarter was also linked to this consolidation.

During the quarter, Minda Corp invested ₹63 crore in three group companies — Spark Minda Green Mobility Systems, Minda HCMF Technologies and Spark Minda-Toyodenso India — to support business expansion.

The company's investor presentation said Q1 FY27 marked its highest-ever quarterly revenue of ₹1,846 crore and highest-ever quarterly EBITDA of ₹212 crore.

Minda Corporation chairman and group CEO Ashok Minda said the company had strengthened its technology capabilities through strategic partnerships, expanded its order pipeline through new business wins and continued to invest in innovation and product development.

“The first quarter of FY27 reflected steady progress in line with our long-term growth strategy, supported by strong demand across key vehicle segments and continued execution across our businesses,” Minda said.

“As the industry transitions towards smarter, connected and electrified mobility, we remain focused on operational excellence, technology leadership and creating sustainable value for all our stakeholders,” he added.

Minda Corp said it will continue to invest in technology, product innovation and manufacturing capabilities while maintaining its focus on operational excellence, premiumisation and long-term growth.