Delhi/NCR — India’s automotive component industry just got another reminder that growth isn’t only happening on showroom floors. Minda Corporation has reported its highest-ever consolidated revenue and operating profit for FY2026, showing that the company supplying critical automotive components is quietly becoming one of the strongest engines behind India’s mobility story.
The Spark Minda flagship company posted a consolidated revenue of Rs. 6,185 crore for FY26, marking a healthy 22.3% year-on-year growth. EBITDA stood at a record Rs. 721 crore with margins improving to 11.7%, while Profit After Tax climbed to Rs. 358 crore. In simpler automotive language: Minda Corp didn’t just shift gears in FY26 — it found an entirely new overdrive mode.
The company also delivered its strongest-ever quarterly performance in Q4 FY26, with revenue touching Rs. 1,704 crore, up 29% YoY. Quarterly EBITDA came in at Rs. 203 crore with margins of 11.9%, while PAT stood at Rs. 124 crore.
Minda Corp attributed the strong growth to its expanding product portfolio, deeper customer penetration, and increasing focus on premium automotive technologies. Demand from two-wheelers and commercial vehicles particularly helped keep the momentum strong, proving once again that India’s auto market still runs heavily on practical mobility — even while EVs and premium cars steal the headlines.
But FY26 wasn’t only about numbers. The company also spent the year strengthening its global technology playbook through strategic international partnerships. Minda Corp entered into a joint venture with Japan’s Toyodenso Co., Ltd. for advanced automotive switches and partnered with UK-based Turntide Technologies to bring next-generation EV powertrain solutions to India.
These collaborations are expected to help the company localise advanced automotive technologies while strengthening India’s EV ecosystem under the Government’s ‘Make in India’ initiative. In a market where everyone wants smarter, safer and more connected vehicles, suppliers are increasingly becoming the real technology storytellers behind the scenes.
Commenting on the performance, Chairman and Group CEO Ashok Minda said FY2026 was marked by “consistent execution and steady progress,” despite a dynamic market environment. He highlighted strong demand across vehicle segments, supportive government policies such as GST rationalisation, and continued investments in R&D and technology partnerships as key growth drivers.
The company also announced a final dividend recommendation of 40%, or Rs. 0.80 per equity share, taking the total dividend payout for the year to 70%, equivalent to Rs. 1.40 per share.
While car buyers often obsess over touchscreen sizes, connected features and panoramic sunroofs, companies like Minda Corp quietly remind the industry that none of it works without the components underneath doing their job properly. And judging by FY26 numbers, business for those hidden heroes of the auto industry is looking very well connected indeed.
