Minda Corporation Ltd
Minda Corporation Q3 FY25 earnings call: Revenue & Margins
Q3 FY25 earnings call: what management guided on revenue, margins and order book.
The short version
Minda Corporation aims to grow 1.5 times faster than the Indian automotive industry, which is expected to grow 6-7% in FY26. Minda Corporation aims to grow at 1.5x the industry growth, which is expected to be around 6-7% over the next financial year.
From Minda Corporation Ltd's Q3 FY25 earnings-call transcript · updated 23 Aug 2026.
Revenue & Sales Performance
- Minda Corporation aims to grow 1.5 times faster than the Indian automotive industry, which is expected to grow 6-7% in FY26.
- The company expects its domestic OE business to see double-digit year-on-year growth.
- Growth is anticipated from the commercial vehicle segment and export markets if current headwinds ease.
- Flash Electronics is expected to grow at a similar rate of 17-18% in the coming quarters, with synergy-driven growth alongside Minda.
- The EV product portfolio currently contributes about 5-6% to revenue, and up to 10-12% when including Flash, expected to grow further.
- 2-wheeler EV registrations grew 37% year-on-year in the last quarter.
- Order wins in EV and electronics segments are expected to boost revenue, with emphasis on premiumization and new product launches.
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Profitability & Margins
See what Minda Corporation Ltd said on profitability & margins — free account, 30 seconds.
Capital Expenditure Plans
- Highest capex expected in the die-casting division, indicating significant capacity expansion planned.
- Electronics division is also a major area for investment due to increasing electronics content in automotive products.
- Continued investment in R&D with over 4% of sales spent on R&D, including setting up a new R&D center and expanding product lines in connected, electronic, electric, and safe mobility.
- Strategic partnerships signed with HCMF (sunroof and power tailgates) and Sanko (high-voltage connectors for wiring harness business).
- Acquisition of 49% stake in Flash Electronics with INR 1,372 crores paid in cash, focused on powertrain and EV components, aiming for synergies in system solutions.
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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
- Total lifetime order book exceeds INR 6,000 crores as of Q3 FY25.
- Order wins in Q3 alone exceeded INR 1,250 crores.
- EV platforms contribute over 25% of these recent order wins.
- Company focuses on winning order books across various products and customers to fuel growth.
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Minda Corporation Ltd — Quarterly revenue & net profit
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 Corporation Ltd's management said in earlier quarters
- Q1 FY27 earnings call analysis →
- Q3 FY26 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 Q3 FY25 results?
Minda Corporation aims to grow 1.5 times faster than the Indian automotive industry, which is expected to grow 6-7% in FY26. Minda Corporation aims to grow at 1.5x the industry growth, which is expected to be around 6-7% over the next financial year.
What is Minda Corporation Ltd share price analysis?
Minda Corporation Ltd currently shows a neutral. The stock trades at a P/E of 48.6 with a market cap of ₹17,285 Cr. Investors should review the full earnings analysis for detailed insights.
Is Minda Corporation Ltd planning capital expenditure?
Highest capex expected in the die-casting division, indicating significant capacity expansion planned.
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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.