Q3 2026 Minda Corporation Ltd Earnings Call Transcript
Key Points
- Minda Corp Ltd (BOM:538962) achieved its highest ever quarterly revenue of INR1,560 crores, marking a robust growth of 25% year-on-year.
- The company's EBITDA stood at INR184 crores with a margin of 11.8%, supported by improved operational efficiencies and a favorable product mix.
- Minda Corp Ltd's associate company, Flash Electronics, delivered strong performance with revenue of over INR488 crores and an EBITDA margin of 18.4%.
- The company secured a lifetime order book of INR2,000 crores with multiple orders across product categories.
- Minda Corp Ltd is focusing on strategic priorities such as enhancing system solutions, strengthening customer relationships, and investing in new technologies to drive future growth.
- Despite strong revenue growth, the consolidated EBITDA margin remained stagnant around 11.5%, with a target of 12.5% yet to be achieved.
- The company faces challenges in maintaining sustainable margins due to fluctuations in raw material prices, such as copper and aluminum.
- There is a lag in passing through commodity price increases to customers, which could impact profitability.
- The company's export business has been subdued over the past quarters, although it is showing signs of recovery.
- Minda Corp Ltd's significant capital expenditure plans to triple revenue by 2030 may impact short-term financial metrics like ROCE.
Ladies and gentlemen, good day, and welcome to Minda Corporation Limited Q3 FY26 earnings conference call hosted by Elara Securities India private limited. (Operator Instructions) Please note that this conference is being recorded.
I now hand the conference over to Mr. Munindra Upadhyay from Elara Securities India Private Limited. Thank you, and over to you, sir.
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Thank you, Rudra. Good evening, everyone. On behalf of Elara Securities, I would like to welcome you all to Q3 FY26 Earnings Conference Call of Minda Corporation Limited. Today, we have with us from the management team, Mr. Aakash Minda, Executive Director; Mr. Ajay Agarwal, President, Finance and Strategy; and Mr. Nitesh Jain, Lead Investor Relations.
I would like to thank the management for giving us this opportunity. I'll now hand over the call to the management for their opening remarks, post which we will open the floor for Q&A. Over to you, sir.
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