Minda Corporation Reports Record Quarterly Revenue of Rs 1,560 Crore in Q3 FY2026

Minda Corporation Limited, the flagship company of Spark Minda, announced its financial results for the quarter ended December 31, 2025, reporting its highest-ever quarterly consolidated revenue of Rs 1,560 crore, marking a year-on-year growth of 24.6% and a sequential growth of 1.6% over the previous quarter.

The auto component manufacturer's operating profit (EBITDA) reached Rs 184 crore with an operating margin of 11.8%, representing a 30 basis points year-on-year improvement and a 3.2% sequential growth over Q2 FY2026. The company's profit before tax stood at Rs 97 crore (6.2% margin), up 6.8% year-on-year and 4.0% quarter-on-quarter. Reported profit after tax was Rs 84 crore (5.4% margin), up 30.1% year-on-year, though marginally down 0.4% sequentially.

For the nine-month period ending December 31, 2025, the company reported revenue of Rs 4,482 crore, up 20.0% year-on-year. EBITDA stood at Rs 518 crore with a margin of 11.6%, showing a 26 basis points year-on-year improvement and 22.7% growth in absolute terms. However, profit before tax for the nine-month period declined 4.0% to Rs 260 crore (5.8% margin), while reported profit after tax increased 15.2% to Rs 234 crore (5.2% margin).

The company attributed its performance to a strong product portfolio, expanding customer base, and focus on product premiumisation. The results exceeded industry growth and consensus estimates.

In a management appointment, Minda Corporation named Ajay Agarwal as Group Chief Financial Officer and Key Managerial Personnel effective February 5, 2026, in addition to his existing role as President Finance & Strategy.

Commenting on the results, Ashok Minda, Chairman and Group CEO, stated that the performance was supported by resilient demand across key vehicle categories, particularly in the two-wheeler and commercial vehicle markets. He highlighted the positive impact of GST rationalization, trade deals with the EU and UK, and tariff rate rationalization with the US.

The Board of Directors has recommended an interim dividend of 30% on face value, amounting to Rs 0.60 per equity share.

Minda Corporation, incorporated in 1985, manufactures automotive components with operations across India and an international presence. The company's product portfolio includes mechatronics, information and connected systems, and plastic and interior components for two-wheelers, three-wheelers, passenger vehicles, commercial vehicles, and off-roaders.