Q4 2026 Minda Corporation Ltd Earnings Call Transcript
Key Points
- Minda Corp Ltd (BOM:538962) achieved record-breaking quarterly revenue of INR1,704 crore, marking a 29% year-on-year growth.
- The company reported its highest-ever EBITDA of INR203 crore with a growth of 33% year-on-year, along with an 11.9% EBITDA margin.
- For the full year FY26, Minda Corp Ltd delivered its highest-ever annual revenue of INR6,185 crore, registering a growth of 22.3% year-on-year.
- The strategic partnership with Flash Electronics has significantly strengthened Minda Corp Ltd's presence in high-growth domains such as EV, power electronics, and vehicle control units.
- Minda Corp Ltd has secured significant orders for switches from leading Japanese OEMs through a joint venture with Toyodenso of Japan, with operations expected to commence in Q4 FY27.
- The company faced significant inflationary pressures over the past five months, with rising prices for major commodities such as steel, aluminum, and copper.
- Despite passing commodity inflation costs to customers, these continue to influence overall cost structures, impacting margins.
- The geopolitical tensions in the Middle East are fueling commodity price swings and inflationary pressures, posing challenges to the company's cost management.
- The increase in minimum wages announced by states like UP and Haryana could impact margins, although the company is addressing this through productivity enhancements.
- The company's gross margin declined by 180 basis points quarter-on-quarter, primarily due to rising raw material costs.
-- to Minda Corporation's Q4 and FY26 conference call. hosted by Emkay Global Financial Services Limited. (Operator Instructions)
I now hand the conference over to Mr. Chirag Jain, Emkay Global Financial Services Limited. Thank you and over to you, sir.
Thank you. Good evening, everyone. I would like to welcome the management team of Minda Corporation and thank them for this opportunity. Today, we have with us Mr. Aakash Minda, Executive Director; Mr. Ajay Agarwal, Group CFO and President, Financial and Strategy; and Mr. Nitesh Jain, Lead Investor Relations.
I shall now hand over the call to the management team for their opening remarks, post which we will open the floor for Q&A. Over to you, gentlemen.
Thank you, Chirag. Good afternoon, everybody. And thank you, Chirag, and thank you, Emkay Global, for hosting this call. Welcome to the quarter-four and the FY26 earnings
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