Minda Corporation Ltd
Minda Corporation Q1 FY27 earnings call: Revenue & Margins
Q1 FY27 earnings call: what management said on revenue, margins and capex.
Guidance rank: #20 of 65 in Auto Components
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What the Q1 FY27 call signalled
3 of 4 strong
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.
2 more points from Minda Corporation Ltd's call on revenue
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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)
2 more points from Minda Corporation Ltd's call on capex
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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
Q1 FY27 figures are not in this chart yet. Latest shown: Mar 2026 (Q4 FY26). The Q1 FY27 numbers from the filing are in the analysis on this page.
Reported quarterly figures (₹ Cr). Latest (Q4 FY26): revenue ₹1.7K Cr, net profit ₹124 Cr. Revenue and profit are scaled separately — hover a quarter for exact figures.
Full financials →Continue your research
What Minda Corp'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 →
Others in Auto Components this season
- Indag Rubber (Q1 FY27)
Q1 FY27 Revenue from Operations: ₹57.6 crores, up 28% YoY from ₹45.0 crores in Q1 FY26 (Page 7). Key investor presentation takeaways from Indag Rubber Ltd's Q1
- Emerald Tyre (Q1 FY27)
Revenue from operations: ₹11,294.31 Lakhs . Key investor presentation takeaways from Emerald Tyre's Q1 FY27 investor presentation — and how it ranks against sec
- Autoline Industries Ltd (Q1 FY27)
FY26 revenue from operations: ₹824 crore, representing a 25% year-on-year increase over FY25 (₹659 crore). Key investor presentation takeaways from Autoline Ind
- Tolins Tyres (Q1 FY27)
Q1 FY27 revenue from operations: ₹79.27 crore, down 11.66% YoY from ₹89.74 crore in Q1 FY26 (Page 8). Key investor presentation takeaways from Tolins Tyres Ltd'
Potential multibaggers · Q2 FY27
Potential multibaggers in Auto Components
on management's own guidance
- Strong growth2
- Strong growth1
- Strong growth3
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Ranks describe management commentary on revenue and margin from the latest earnings call. Not investment advice.
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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 the company's earnings call transcript. This is not investment advice. Please consult a SEBI-registered advisor before making investment decisions.