Minda Corp Ltd (NSE:MINDACORP)

Q2 2026 Minda Corporation Ltd Earnings Call Transcript

Nov 6, 2025 / 10:30 AM GMT

Release Date Price: ₹573.35 (-3.05%)

Transcript

Key Points

Positve

Minda Corp Ltd (BOM:538962) achieved its highest ever quarterly revenue of INR 1,535 crore, marking a robust growth of 19% year-on-year.
The company reported its highest ever EBITDA of INR 178 crores, with a growth of 21.4% year-on-year and an EBITDA margin of 11.6%.
Minda Corp Ltd outperformed industry trends, particularly in the wiring harness and instrument cluster divisions.
The collaboration with Flash Electronics has strengthened Minda Corp Ltd's presence in high-growth domains such as EV power electronics and vehicle control units.
The company secured its first sunroof order from a leading OEM, indicating successful expansion into new product lines.

Negative

There was a setback in export markets and a slowdown in the ASEAN market, affecting overall business growth.
The company's mechatronics and aftermarket segments experienced challenges, particularly in export performance.
The recreational vehicle market slowdown in Europe and America impacted the company's export performance.
Despite strong growth, the passenger vehicle segment's growth was described as timid compared to other segments.
The company faces challenges from cost-competitive markets like China, impacting its competitiveness in Europe.

Refinitiv StreetEvents Event Transcript
E D I T E D V E R S I O N

MINC.NS - Minda Corporation Ltd
Q2 2026 Minda Corporation Ltd Earnings Call
Nov 06, 2025 / 10:30AM GMT

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Presentation
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Unidentified_1 [1]
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Ladies and gentlemen, good day and welcome to Minda Corporation Limited Q2NH1FY26 earnings conference call hosted by ICICI Securities Limited.

As a reminder, all participant lines will be in the listen-only mode, and there will be an opportunity for you to ask questions after the presentation concludes. Should you need assistance during the conference call, please signal an operator by pressing, then 0 on your touchstone phone.

Please note that this conference is being recorded. I now hand the conference over to Mr. Ronak Mehta from ICICI Securities Limited.

Thank you and over to you Mr. Mata.

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Unidentified_2

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