Delhi/NCR – In a quarter that could make even the most seasoned pit crews jealous, Minda Corporation Limited (‘Minda Corp’), the flagship company of Spark Minda, roared past its own records with its highest-ever consolidated revenue of ₹1,386 crore and operating profit of ₹156 crore, translating into a healthy 11.3% operating margin. In simpler terms, the company just turbocharged its financials.
Quarterly Performance – No Speed Limits Here
Q1 FY2026 saw Minda Corp accelerate with a 16.2% YoY growth in revenue, easily overtaking industry expectations. EBITDA cruised at ₹156 crore, up 23 basis points from last year, while PAT reached ₹65 crore with a 4.7% margin. The numbers show that this wasn’t just a smooth Sunday drive—it was a calculated, high-speed maneuver on the corporate racetrack.
Joint Venture Pit Stop – Toyodenso Partnership
Adding to the excitement, Minda Corp inked a joint venture with Japan’s Toyodenso to manufacture advanced automotive switches in India. The 60:40 partnership will set up a greenfield plant in Noida, expected to be operational by the second half of FY 2026–27. Orders are already in the bag, ensuring that the ignition is well and truly on.
Smart Cockpit – Now with Extra Brains
In another strategic overtake, Minda Corp joined forces with Qualcomm to develop next-gen smart cockpit solutions. Powered by Qualcomm’s Snapdragon Cockpit Platform, the project aims to deliver connected, intelligent, and user-centric in-car experiences—essentially making your car as smart as your phone, minus the random app updates mid-drive.
Leadership’s Victory Lap
Chairman and Group CEO Ashok Minda credited the strong Q1 showing to resilient demand, operational excellence, and relentless innovation. “We’re focused on expanding our market reach, enhancing exports, and delivering sustainable value. And yes, we plan to keep our foot firmly on the accelerator,” he said.
Outlook – R&D in the Fast Lane
With plans to bolster R&D, strengthen partnerships, and keep innovating for evolving customer needs, Minda Corp seems set to stay ahead in the race—proof that when you blend engineering precision with business horsepower, the finish line keeps moving further ahead.
