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Time of India
6 days ago
- Automotive
- Time of India
Minda Corp Reports ₹1,386 Crore Quarterly Revenue Growth of 16.2% YoY Driven by Strong Product Portfolio
Minda Corp achieved quarterly revenue of ₹1,386 Crore, surpassing consensus estimates with a growth of 16.2 per cent YoY. This performance is attributed to a strong product portfolio, an expanding customer base and a focus on product premiumisation. During the quarter, the Company reported quarterly EBITDA of ₹156 Crore, with a margin of 11.3 per cent, marking a 23 bps YoY improvement. Profit Before Tax (PBT) stood at ₹71 Crore, with a margin of 5.1 per cent, while Profit After Tax (PAT) reached ₹65 Crore, with a margin of 4.7 per cent. Minda Corporation entered into a Joint Venture Agreement with Toyodenso to establish a Joint Venture Company in India for manufacturing and selling of advanced Automotive Switches. The partnership will provide end-to end solutions for automotive switches across two-wheelers, Passenger Cars and other automotive segments in the Indian market. Minda Corporation will hold the majority stake in the newly formed venture, with an investment in the agreed shareholding ratio of 60:40. The new Joint venture has already received orders from customers in India. This greenfield plant will be set up in Noida, Uttar Pradesh and is expected to commence operations by 2nd half of FY 2026-27. Minda Corporation Collaborates with Qualcomm to co-develop Smart Cockpit Solutions. As part of this collaboration, Minda Corporation is designing a next-generation cockpit platform powered by the Snapdragon® Cockpit Platform from Qualcomm Technologies. This alliance reflects commitment to technological leadership and aligns with the long-term vision of delivering intelligent, connected and user-centric experiences that create sustainable value for OEMs, end users and shareholders. Commenting on the results, Mr. Ashok Minda, Chairman and Group CEO said, "The first quarter of FY26 witnessed a strong performance, supported by resilient demand across key vehicle segments. Leveraging our focus on operational excellence, technology integration, and customer-centric initiatives, we continued to strengthen our market position. As we progress through the year, we remain focused on expanding our market reach, enhancing exports, and delivering sustainable value to our stakeholders through consistent execution and strategic initiatives." Moving forward, the Company aims to broaden its product portfolio by enhancing its competitive edge through sustained R&D investments. We will also continue to strengthen strategic partnerships to leverage technological advancements and effectively address evolving customer needs. Minda Corporation is one of the leading automotive component manufacturing companies in India with a pan-India presence and significant international footprint. The Company was incorporated in 1985. Minda Corporation is the flagship company of Spark Minda, which was part of the erstwhile Minda Group. The Company has a diversified product portfolio that encompasses Mechatronics, Information and Connected Systems and Plastic and Interior for auto OEMs. These products cater to 2/3 wheelers, passenger vehicles, commercial vehicles, off-roaders and after-market. The Company has a diversified customer base including Indian and global original equipment manufacturers and Tier-1 customers. For assimilating the latest technologies, Minda Corporation has a dedicated R&D facility and collaborations with the pioneers and leaders of the automobile industry. This has provided Minda Corporation with the cutting-edge in product design and technology to meet strict international quality standards.
Business Standard
6 days ago
- Automotive
- Business Standard
Minda Corporation climbs as Q1 revenue rises 16% YoY
Minda Corporation rose 3.82% to Rs 489.40 after reporting a healthy increase in revenue and EBITDA for the June quarter, supported by a strong product portfolio, expanding customer base and a focus on product premiumisation. Consolidated net profit edged up 1.7% year-on-year to Rs 65 crore in Q1 FY26 from Rs 64 crore in the same quarter last year. Sequentially, net profit jumped 25.5% from Rs 52 crore in Q4 FY25. Operating revenue rose 16.2% year-on-year to Rs 1,386 crore from Rs 1,192 crore, and was up 4.9% compared with Rs 1,321 crore in the March quarter. Profit before tax stood at Rs 71 crore in Q1 FY26, up 9% from Q4 FY25 but down 16.2% year-on-year. EBITDA came in at Rs 156 crore, a growth of 18.6% year-on-year and 2.2% sequentially. EBITDA margin stood at 11.3% in Q1 FY26, compared with 11.1% a year ago and 11.6% in the preceding quarter. Ashok Minda, chairman and Group CEO said, "The first quarter of FY26 witnessed a strong performance, supported by resilient demand across key vehicle segments. Leveraging our focus on operational excellence, technology integration, and customer-centric initiatives, we continued to strengthen our market position. As we progress through the year, we remain focused on expanding our market reach, enhancing exports, and delivering sustainable value to our stakeholders through consistent execution and strategic initiatives." Minda Corporation entered into an agreement with Toyodenso to establish a joint venture company in India for manufacturing and selling of advanced automotive switches. The partnership will provide end-to end solutions for automotive switches across two-wheelers, passenger cars and other automotive segments in the Indian market. Minda Corporation will hold the majority stake in the newly formed venture, with an investment in the agreed shareholding ratio of 60:40. The new joint venture has already received orders from customers in India. This greenfield plant will be set up in Noida, Uttar Pradesh and is expected to commence operations by 2nd half of FY 2026-27. Minda Corporation also collaborated with Qualcomm to co-develop smart cockpit solutions. As part of this collaboration, Minda Corporation is designing a next-generation cockpit platform powered by the Snapdragon Cockpit Platform from Qualcomm Technologies. Minda Corporation is among India's leading automotive component manufacturers with a diversified product portfolio spanning mechatronics, information and connected systems, and plastic and interior solutions for auto OEMs. Its products cater to two- and three-wheelers, passenger vehicles, commercial vehicles, off-roaders and the aftermarket, with a wide customer base of Indian and global OEMs as well as Tier-1 clients.
Business Upturn
7 days ago
- Automotive
- Business Upturn
Minda Corporation Q1 Results: Net profit rises 1.7% YoY to Rs 65 crore, Revenue up 16.2%
Minda Corporation Limited reported a consolidated net profit of Rs 65 crore for the quarter ended June 30, 2025, a 1.7% increase from Rs 64 crore in the same period last year. Revenue from operations rose 16.2% YoY to Rs 1,386 crore, surpassing consensus estimates, supported by a strong product portfolio, customer base expansion, and product premiumisation. EBITDA stood at Rs 156 crore, up 18.6% YoY, with a margin of 11.3%, marking a 23 basis points improvement. Profit before tax came in at Rs 71 crore, down 16.2% YoY. During the quarter, the company entered a joint venture with Toyodenso to manufacture advanced automotive switches in India and collaborated with Qualcomm to co-develop smart cockpit solutions powered by the Snapdragon® Cockpit Platform. Chairman and Group CEO Ashok Minda said the company remained focused on operational excellence, technology integration, and customer-centric initiatives to strengthen its market position. The Noida-based company aims to broaden its product portfolio through sustained R&D investments and strengthen partnerships to address evolving customer needs. Ahmedabad Plane Crash Aditya Bhagchandani serves as the Senior Editor and Writer at Business Upturn, where he leads coverage across the Business, Finance, Corporate, and Stock Market segments. With a keen eye for detail and a commitment to journalistic integrity, he not only contributes insightful articles but also oversees editorial direction for the reporting team.
Business Standard
11-06-2025
- Automotive
- Business Standard
Minda Corporation Forms Joint Venture with Toyodenso of Japan for Advanced Automotive Switches
NewsVoir Delhi NCR [India], June 11: Minda Corporation Limited ("Minda Corp" or the "Company"; NSE: MINDACORP, BSE: 538962), the flagship company of the Spark Minda Group, today announced a Joint Venture with Japan-based Toyodenso Co. for Advance automotive switches for the Indian market. The partnership will provide end-to end solutions including design, development, manufacturing and marketing of Automotive Switches for two-wheelers, Passenger Cars and other automotive segment for the Indian market. Minda Corporation will have majority stake in the newly formed venture with an investment in the agreed shareholding ratio of 60:40. The new Joint venture has already received orders from customers in India. This greenfield plant will be set up in Noida, Uttar Pradesh and is expected to commence operations by 2nd half of FY 2026-27. This partnership is strategically aligned to cater to the rising demand for advanced switches in the Indian automotive sector and in line with the company synergistic product portfolio and localization of new products and technologies for the customers. Through this partnership, Toyodenso will bring new technologies and advanced engineering capabilities while Minda Corporation will contribute with its deep expertise in localised manufacturing, and robust supply chain ecosystem etc. Mr. Ashok Minda, Chairman & Group CEO, Minda Corporation Limited, said, "We are very excited and privileged to partner with Toyodenso, a Global Japanese company with rich legacy of technological innovation. This partnership marks a pivotal milestone in our journey to drive smart mobility solutions while fostering indigenous manufacturing by integrating globally recognized technologies into India's automotive ecosystem." Mr. Kiyoshi Koide, President, Toyodenso Co., Ltd., stated, "Toyodenso aims to stabilize its business base and will work with SPARK MINDA to develop the Indian market to focus on the manufacturing and sales of automotive parts in India, which is a growing market." Minda Corporation is one of the leading automotive component manufacturing companies in India with a pan-India presence and significant international footprint. The Company was incorporated in 1985. Minda Corporation is the flagship company of Spark Minda, which was part of the erstwhile Minda Group. The Company has a diversified product portfolio that encompasses Vehicle Access, Information and Connected Systems, Electrical Distribution systems, Die casting, Advance Electronics and Powertrain products for Automotive OEMs. These products cater to 2/3 wheelers, passenger vehicles, commercial vehicles, off-roaders, and after-market. The Company has a diversified customer base, including Indian and global original equipment manufacturers. Toyodenso Co., Ltd. founded in 1947. Toyodenso Co., Ltd. is a Japanese manufacturer specializing in automotive, motorcycle, and power products, headquartered in Minato-ku, Tokyo. The company operates multiple domestic and international facilities, including in the U.S., China, Thailand, Indonesia, Vietnam, and Germany. With over 9,000 employees and annual sales exceeding 100 billion yen in previous fiscal year. Toyodenso serves and supplies high-quality electrical components to major clients such as Honda, Toyota, Yamaha, Kawasaki, and Suzuki. The company is known for its focus on innovation, quality, and global collaboration in the automotive electronics sector.
Fashion Value Chain
11-06-2025
- Automotive
- Fashion Value Chain
Minda Corporation Forms Joint Venture with Toyodenso of Japan for Advanced Automotive Switches
Minda Corporation Limited ('Minda Corp' or the 'Company'; NSE: MINDACORP, BSE: 538962), the flagship company of the Spark Minda Group, today announced a Joint Venture with Japan-based Toyodenso Co. for Advance automotive switches for the Indian market. L to R Mr Noriharu Takeshita – Mr Kiyoshi Koide – Mr Ashok Minda – Mr Aakash Minda during the JV ceremony The partnership will provide end-to end solutions including design, development, manufacturing and marketing of Automotive Switches for two-wheelers, Passenger Cars and other automotive segment for the Indian market. Minda Corporation will have majority stake in the newly formed venture with an investment in the agreed shareholding ratio of 60:40. The new Joint venture has already received orders from customers in India. This greenfield plant will be set up in Noida, Uttar Pradesh and is expected to commence operations by 2nd half of FY 2026-27. This partnership is strategically aligned to cater to the rising demand for advanced switches in the Indian automotive sector and in line with the company synergistic product portfolio and localization of new products and technologies for the customers. Through this partnership, Toyodenso will bring new technologies and advanced engineering capabilities while Minda Corporation will contribute with its deep expertise in localised manufacturing, and robust supply chain ecosystem etc. Mr. Ashok Minda, Chairman & Group CEO, Minda Corporation Limited, said, 'We are very excited and privileged to partner with Toyodenso, a Global Japanese company with rich legacy of technological innovation. This partnership marks a pivotal milestone in our journey to drive smart mobility solutions while fostering indigenous manufacturing by integrating globally recognized technologies into India's automotive ecosystem.' Mr. Kiyoshi Koide, President, Toyodenso Co., Ltd., stated, 'Toyodenso aims to stabilize its business base and will work with SPARK MINDA to develop the Indian market to focus on the manufacturing and sales of automotive parts in India, which is a growing market.' About Minda Corporation (BSE:538962; NSE: MINDACORP) Minda Corporation is one of the leading automotive component manufacturing companies in India with a pan-India presence and significant international footprint. The Company was incorporated in 1985. Minda Corporation is the flagship company of Spark Minda, which was part of the erstwhile Minda Group. The Company has a diversified product portfolio that encompasses Vehicle Access, Information and Connected Systems, Electrical Distribution systems, Die casting, Advance Electronics and Powertrain products for Automotive OEMs. These products cater to 2/3 wheelers, passenger vehicles, commercial vehicles, off-roaders, and after-market. The Company has a diversified customer base, including Indian and global original equipment manufacturers. About Toyodenso Co., Ltd. Toyodenso Co., Ltd. founded in 1947. Toyodenso Co., Ltd. is a Japanese manufacturer specializing in automotive, motorcycle, and power products, headquartered in Minato-ku, Tokyo. The company operates multiple domestic and international facilities, including in the U.S., China, Thailand, Indonesia, Vietnam, and Germany. With over 9,000 employees and annual sales exceeding 100 billion yen in previous fiscal year. Toyodenso serves and supplies high-quality electrical components to major clients such as Honda, Toyota, Yamaha, Kawasaki, and Suzuki. The company is known for its focus on innovation, quality, and global collaboration in the automotive electronics sector. For further information on Minda Corporation visit
