Minda Corporation Limited is set to report its Q1 FY27 results, with investors closely watching how robust domestic auto OEM demand is balancing against new operational challenges. Key focus areas include the impact of the recent Noida facility fire and the first-time consolidation of Minda VAST on the company's margin trajectory.
| Results date | August 13, 2026 |
|---|---|
| Quarter | Q1 FY 2026-2027 |
| Previous quarter revenue | Rs. 1,704 Cr |
| Previous quarter PAT | Rs. 124 Cr |
| Previous quarter EBITDA margin | 11.9% |
| Market cap | Rs. 17,673.15 Cr |
| CMP | Rs. 736.45 |
The company will hold its board meeting on August 13, 2026, to consider the audited financial results and recommend dividend for FY2026.
Minda Corporation's revenue growth for Q1 FY27 is expected to be buoyed by strong domestic auto OEM dispatches, with industry segments like 2W+3W and PV posting YTD growth of 22.4% and 13.7% respectively. The mechanical consolidation of Minda VAST, which reported annual revenue of approximately Rs. 500 Cr in FY26, will structurally inflate the top line while potentially exerting a 0.3–0.5 pp drag on consolidated EBITDA margins due to its lower 7% margin profile. Management's FY27 revenue growth guidance of 20–25% remains a primary focus, supported by the company's historical ability to outperform industry growth rates by 12% in the PV segment. Investors will also look for clarity on the Noida facility fire, specifically regarding any one-time provisions or production losses that may weigh on the reported quarterly performance.
Performance vs Guidance Tracking: Monitoring Q1 progress against annual targets.
Noida Fire Incident: Assessing the operational and financial impact of the May 30 incident.
Minda VAST Consolidation: Evaluating the impact of the first full quarter of consolidation.
Order Book and Capex: Tracking execution and investment momentum.
Debt and Balance Sheet: Monitoring leverage post-capital market actions.
In Q4 FY26, the company reported revenue of Rs. 1,704 Cr and a PAT of Rs. 124 Cr. The EBITDA margin for the quarter was 11.9%.
As of Q4 FY26, the company held a lifetime order book of Rs. 10,000 Cr with an execution horizon of 48–60 months. Management has previously noted that exports constitute approximately 15% of the order book.
Effective April 1, 2026, Minda Corporation gained control over Minda VAST, meaning Q1 FY27 is the first full quarter of consolidation. This addition is expected to accelerate the company's PV revenue share target toward 25% by FY30.