Minda Corporation Ltd
Minda Corporation Ltd Q1 FY27 Results & Concall Highlights: Revenue, Margins & Order Book
Q1 FY27 earnings call: what management guided on revenue, margins and order book.
What the Q1 FY27 call signalled
3 of 4 strong
Not discussed on this call: fundraise.
The short version
Minda Corporation targets a 3x revenue increase by FY30, aiming for INR 17,500 crores driven by: - Organic growth aligned with 8% industry growth. Minda Corporation is confident of a strong growth trajectory in both near-term and long-term, driven by strategic investments and product advances.
From Minda Corporation Ltd's Q1 FY27 earnings-call transcript · updated 25 Aug 2026.
Revenue & Sales Performance
- Minda Corporation targets a 3x revenue increase by FY30, aiming for INR 17,500 crores driven by:
- - Organic growth aligned with 8% industry growth.
- - Premiumization of existing products.
- - New product launches and export initiatives.
- - Potential inorganic growth opportunities.
- Flash Electronics expects strong double-digit growth of 20%-24% annually, supported by EV market momentum.
- Wiring harness and instrument cluster divisions have shown robust YoY growth (~30%-35%), expected to continue through FY27 and FY28.
- Switches business lifetime order books exceed INR 1,000 crore, with SOP beginning Q1 FY28; revenue expected to reach INR 150 crores in FY28 and peak in FY29.
- EV revenue penetration at group level around 14%, with Flash exhibiting 90% YoY EV revenue growth, significantly outpacing industry.
- Expansion into three-wheelers and other segments alongside increasing kit values (2-in-1, 3-in-1 kits) support further growth and penetration of existing customers.
Profitability & Margins
See what Minda Corporation Ltd said on profitability & margins — free account, 30 seconds.
Capital Expenditure Plans
- Minda Corporation plans to spend about INR 400 crore on capex during FY27 across various businesses, without specific allocation exclusively to EV or ICE segments. (Page 12)
- The company is investing deeply in capabilities, capacities, and competencies across divisions and platforms to achieve Vision 2030, focusing on localization, backward integration, technology, and customer investment. (Page 19)
- Strategic investments include new product launches, joint ventures (e.g., Mindavast, Flash Electronics), and expanding system solutions offerings to strengthen customer relationships and expand footprint in high-growth segments like electric vehicles. (Pages 6-7, 18-19)
- Recent investments and joint ventures such as Spark Minda Green Mobility Solutions, Spark Minda HCMF for sunroofs, and Spark Minda Toyo Denso for switches are on track to support future growth. (Page 5)
- Focus on disciplined capital allocation and advancing R&D capabilities remains a key priority for long-term value creation. (Page 5)
Top-ranked in Auto Components
Ranked on what management guided this quarter
Rank buckets describe management commentary on revenue and margin. Not investment advice, and not a forecast of returns.
Fundraising & Capital Structure
See what Minda Corporation Ltd said on fundraising & capital structure — free account, 30 seconds.
Order Book & Pipeline
- Minda Corporation added a lifetime order book of approximately INR 2,500 crore during the quarter (Page 7).
- The switches segment has a lifetime order book exceeding INR 1,000 crore, with SOP expected in Q1 FY26 or Q1 FY28 (likely FY28), expected to generate around INR 150 crore revenue in first year and peak orders in FY29 (Page 18).
- Order wins are spread across vehicle access, castings, wiring harnesses, instrument clusters, and new energy/electronic segments, covering ICE, EV, two-wheelers, commercial vehicles, passenger vehicles, domestic, and export markets (Page 9).
- Continued momentum with existing business growth, new product launches, customer acquisitions, exports, and premiumization drive order pipeline and revenue growth (Pages 6-7).
Minda Corporation Ltd — Quarterly revenue & net profit
Reported quarterly figures (₹ Cr). Latest: revenue ₹1.7K Cr, net profit ₹124 Cr. Revenue and profit are scaled separately — hover a quarter for exact figures.
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What Minda Corporation Ltd's management said in earlier quarters
- Q3 FY26 earnings call analysis →
- Q3 FY25 earnings call analysis →
- Q4 FY25 earnings call analysis →
- Q4 FY26 earnings call analysis →
- Q2 FY26 earnings call →
- Q1 FY26 earnings call →
- Q2 FY25 earnings call →
- Q1 FY25 earnings call →
- Q4 FY24 earnings call →
- Q3 FY24 earnings call →
- Q2 FY24 earnings call →
- Q1 FY24 earnings call →
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Frequently Asked Questions
What were Minda Corporation Ltd Q1 FY27 results?
Minda Corporation targets a 3x revenue increase by FY30, aiming for INR 17,500 crores driven by: - Organic growth aligned with 8% industry growth. Minda Corporation is confident of a strong growth trajectory in both near-term and long-term, driven by strategic investments and product advances.
What is Minda Corporation Ltd share price analysis?
Minda Corporation Ltd currently shows a moderate growth signal based on ranking data. The stock trades at a P/E of 43.2 with a market cap of ₹17,401 Cr. Investors should review the full earnings analysis for detailed insights.
Is Minda Corporation Ltd planning capital expenditure?
Minda Corporation plans to spend about INR 400 crore on capex during FY27 across various businesses, without specific allocation exclusively to EV or ICE segments.
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This analysis is AI-generated based on publicly available earnings data and concall transcripts. This is not investment advice. Please consult a SEBI-registered advisor before making investment decisions.