Minda Corporation's Q2 FY 2025-26 Quarterly Results

Result Summary

• Minda Corporation Ltd reported a 10.7% quarter-on-quarter (QoQ) increase in its consolidated revenues for the quarter-ended Sep (Q2 FY 2025-26). On a year-on-year (YoY) basis, it witnessed a growth of 18.2%.
• Its expenses for the quarter were up by 9.6% QoQ and 19.9% YoY.
• The net profit increased 29.6% QoQ and increased 13.9% YoY.
• The earnings per share (EPS) of Minda Corporation Ltd stood at 3.54 during Q2 FY 2025-26.

Financial Statments for Q2 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 an Indian company engaged in the manufacturing and supply of automotive components and systems. The company is part of the broader auto components industry, which supports the automotive sector by producing essential parts required for vehicle assembly and maintenance. Minda Corporation Ltd's product portfolio encompasses a variety of automotive components, including security systems, driver information systems, and plastic modules. As a supplier to various automobile manufacturers, Minda Corporation Ltd plays a crucial role in the supply chain of the automotive industry. The company has been focusing on expanding its capabilities and market presence, adapting to the evolving demands of the automotive sector.

Revenue

During the second quarter of fiscal year 2026 (Q2FY26), Minda Corporation Ltd reported a total income of ₹1538.31 crores, showing a significant quarter-over-quarter (QoQ) increase of 10.7% from ₹1389.17 crores in Q1FY26. On a year-over-year (YoY) basis, the total income increased by 18.2% compared to ₹1301.66 crores in Q2FY25. This growth in total income reflects the company's ability to enhance its market reach and leverage its product offerings effectively. The consistent increase in revenue suggests the company is potentially benefiting from a favorable market environment and possibly an increase in demand for its products.

Profitability

Minda Corporation Ltd's profitability metrics demonstrate varying trends during Q2FY26. The company achieved a profit before tax (PBT) of ₹92.79 crores, showing a robust QoQ increase of 31.2% from ₹70.73 crores in Q1FY26. However, on a YoY basis, the PBT decreased by 3.3% from ₹95.93 crores in Q2FY25. The company's profit after tax (PAT) for Q2FY26 stood at ₹84.64 crores, marking a QoQ rise of 29.6% from ₹65.31 crores in Q1FY26 and a YoY growth of 13.9% from ₹74.34 crores in Q2FY25. Earnings per share (EPS) also followed a similar trend, increasing by 29.7% QoQ to ₹3.54 from ₹2.73 and 13.8% YoY from ₹3.11. These figures reflect a positive trajectory in profitability despite higher total expenses.

Operating Metrics

Operating metrics for Minda Corporation Ltd indicate an increase in total expenses, which amounted to ₹1445.52 crores in Q2FY26. This represents a QoQ increase of 9.6% from ₹1318.44 crores in Q1FY26, and a YoY increase of 19.9% from ₹1205.73 crores in Q2FY25. The company faced higher costs during the quarter, which could be attributed to various operational factors such as increased production volumes or higher input costs. The tax expense for Q2FY26 was ₹25.28 crores, which increased by 36.2% QoQ from ₹18.56 crores in Q1FY26 and slightly by 0.5% YoY from ₹25.16 crores in Q2FY25. Despite the increase in expenses, the company was able to maintain profitability, as evidenced by the rise in both PAT and EPS during this period.