Minda Corporation Ltd

Minda Corporation Limited reported Q1 FY27 results with revenue of INR 1,846 crores, a 33.2% YoY increase, and EBITDA of INR 212 crores, up 35.4% YoY. The automotive industry saw strong growth, with two-wheelers up 23% YoY and EV adoption accelerating. Flash Electronics, a subsidiary, reported revenue of INR 533 crores, up 42% YoY, with an EBITDA margin of 15.4%. The company highlighted investments in EV and new product launches, including Spark Minda Green Mobility Solutions and Minda VAST integration. Management noted challenges from rising input costs and labor expenses but emphasized operational efficiency improvements. The company aims to achieve a 12.5% EBITDA margin by 2030 and reiterated its Vision 2030 goals. The discussion included updates on order books, capacity utilization, and strategic partnerships, with management addressing questions on growth drivers, margin pressures, and future initiatives. The earnings call concluded with management reaffirming confidence in long-term growth and strategic priorities.

The document highlights strong revenue and EBITDA growth, successful EV adoption, and strategic investments, with management expressing confidence in future performance.