Minda Corporation's Q1 FY 2025-26 Quarterly Results

Result Summary

• Minda Corporation Ltd reported a 13.4% quarter-on-quarter (QoQ) increase in its consolidated revenues for the quarter-ended Jun (Q1 FY 2025-26). On a year-on-year (YoY) basis, it witnessed a growth of 15.7%.
• Its expenses for the quarter were up by 16.4% QoQ and 18.1% YoY.
• The net profit decreased 7.7% QoQ and increased 1.7% YoY.
• The earnings per share (EPS) of Minda Corporation Ltd stood at 2.7 during Q1 FY 2025-26.

Financial Statments for Q1 FY 2025-26

Data Source: BSE, Company announcements The securities quoted are exemplary and are not recommendatory. Past performance is not indicative of future results

Company Overview

Minda Corporation Ltd is a prominent player in the automotive component industry, primarily engaged in the manufacturing and supply of a range of auto components. The company is known for its diverse product offerings, which include mechatronics, information and connected systems, and interior systems. Minda Corporation Ltd caters to a broad spectrum of automotive manufacturers, both in the domestic and international markets. As of the latest available data till October 2023, there are no specific major developments or announcements associated with the company. However, the company continually focuses on innovation and expansion within the industry.

Revenue

For the first quarter of the fiscal year 2026 (Q1FY26), Minda Corporation Ltd reported a total income of ₹1389.17 crores. This represents a notable increase of 13.4% from the previous quarter (Q4FY25), where the total income was ₹1224.78 crores. Year-over-year, the revenue has grown by 15.7% compared to ₹1200.73 crores in Q1FY25. These figures indicate a robust growth in the company's revenue streams over both the quarterly and yearly periods, reflecting the company's ability to enhance its market presence and capture increased demand.

Profitability

In terms of profitability, Minda Corporation Ltd recorded a profit before tax (PBT) of ₹70.73 crores in Q1FY26, which is a decrease of 23.3% from the previous quarter's PBT of ₹92.25 crores. Year-over-year, the PBT has decreased by 16.2% from ₹84.44 crores in Q1FY25. The company's tax expenses for the quarter were ₹18.56 crores, down 18.1% from Q4FY25 and 16.0% from Q1FY25. Despite these reductions, the profit after tax (PAT) stood at ₹65.31 crores, showing a slight decline of 7.7% from the previous quarter and a marginal increase of 1.7% year-over-year from ₹64.20 crores. The earnings per share (EPS) for the quarter was ₹2.70, reflecting a decrease of 10.0% from Q4FY25, while remaining consistent with the same period last year.

Operating Metrics

The total expenses for Minda Corporation Ltd in Q1FY26 were ₹1318.44 crores, marking an increase of 16.4% from the previous quarter and 18.1% from the same quarter in the prior year. This increase in expenses is significant when compared to the rate of revenue growth over the same periods. The company's operating performance suggests a scenario where expenses have risen at a faster pace than income, impacting the overall profitability metrics. The operating metrics highlight a need for efficient expense management to optimize future profit margins.