Auto component major Minda Corporation Ltd. has reported a 68.2% year-on-year (YoY) increase in its consolidated net profit to ₹143 crore in Q2 FY27. In comparison, the company clocked a net profit of ₹85 crore in the July-September period of FY26. Minda also stated in its release that revenue from operations rose 42.6% YoY to ₹2,189 crore in Q2 FY27. This profit growth was driven by strong revenue growth, claimed the component manufacturer.
Minda Corporation manufactures key automotive components, such as switches, driver information systems, access control products, sensors, motors, turbochargers, electric vehicle powertrains, and fuel pumps across different vehicle segments. The company further claimed that its electric vehicle-related products accounted for around 35% of new orders in the last quarter.
Minda stated that its EBITDA (earnings before interest, taxes, depreciation, and amortisation) in the last quarter increased by 44.7% to ₹257 crore, as compared to ₹178 crore recorded in the second quarter of the last financial year, while EBITDA margin improved to 11.8% in Q2 FY27 from 11.6% in the year-ago period. Total expenses during the aforementioned period grew 40.8% to ₹2,035 crore, with raw material cost increasing to ₹1,430 crore from ₹956 crore.
Speaking on the last quarter’s performance, Ashok Minda, Chairman and Group CEO of Minda Corporation Ltd., said that the second quarter and first half of FY27 reflected continued progress in the company’s long-term growth strategy, driven by demand across key vehicle segments and execution across its businesses. “Looking ahead, Minda Corporation remains focused on expanding its product portfolio, strengthening customer relationships and increasing its presence in electronics and EV systems,” said Minda, while adding, “The company will continue to invest in R&D, localisation and manufacturing capabilities to increase its content per vehicle and address evolving customer requirements.”
