Minda Corp. Ltd. · NSE:MINDACORP
Minda — Q1 FY2026 Earnings Presentation
32 slides from Minda's earnings presentation, Aug 12, 2025
Slide 1: Cover letter to stock exchanges
August 12, 2025 The Officer-In-Charge Head - Listing Operations, (Listing) Listing Department BSE Limited, National Stock Exchange of India P.J. Towers, Dalal Street, Ltd., Exchange Plaza, Bandra Kurla Fort, Mumbai – 400 001 Complex, Bandra (East), Scrip Code: 538962 Mumbai - 400 051 Scrip Code: MIN
Slide 2: Minda Corporation Investor Presentation Q1 FY2026
Minda Corporation INVESTOR PRESENTATION Q1 FY2026 w w w. s p a r k m i n d a . c o m
Slide 3: Minda at a Glance
Minda at a Glance A significant player in the global automotive industry for over six decades Vision ₹ 7,472 Cr ₹ 5,056 Cr 32 18,000+ Be a Dynamic, Innovative and Profitable global automotive FY25 Group Revenue* FY25 Consol Revenue Manufacturing Plants Workforce organization to emerge as the preferr
Slide 4: Indian Automotive Industry Performance
Indian Automotive Industry Performance Production Volumes in Millions Q1 FY26 Growth (Q-o-Q) Q1 FY26 Growth (Y-o-Y) (1.3%) 1.9% 8.06 7.95 7.81 7.95 0.9% 0.7% 5.85 5.90 5.86 5.90 20.8% (13.7%) (1.5%) (11.9%) 12.7% 2.6% 9.8% 3.4% 1.41 1.24 1.20 1.24 0.24 0.29 0.30 0.26 0.26 0.26 0.26 0.29 0.25 0.26 0.
Slide 5: Q1FY26 Business Performance Key Strategic Developments
Q1FY26 Business Performance Key Strategic Developments Revenue growth of 16.2% YoY despite challenging macro-economic scenario EBITDA margin stood at 11.3% for Q1FY26, growth of 23bps YoY Total Lifetime Order-book exceeded Rs. 1,300 crores with EV constituting over 30% Signed Joint Venture agreement
Slide 6: Strategic Expansion: Joint Venture with Toyodenso
Strategic Expansion: Joint Venture with Toyodenso • Toyodenso, founded in 1947 in Tokyo, is a global leader in developing and manufacturing electromechanical switches, electronics and sensors, primarily for the automotive, motorcycle and power equipment industries Spark Minda 60% - 40% Toyodenso Joi
Slide 7: Strategic Partnership with FLASH ELECTRONICS
Strategic Partnership with FLASH ELECTRONICS Flash Financial Performance Financial & Other Highlight (FY25) (Q1 FY26) Revenue EBITDA EBITDA (%) Free Cash Flow EV Revenue Revenue from Rs. 1,537 Crs Rs. 223 Crs 14.5% Rs. 37 Crs 23% Operations Business Verticals Manufacturing Facilities Rs. 376 Crores
Slide 8: Q1 FY26 Financial Highlights Growth Momentum Continues
Q1 FY26 Financial Highlights Growth Momentum Continues Rs. In Crores Revenue EBITDA PAT YoY YoY YoY 16% 19% 2% 1,386 64 65 1,321 156 153 1,192 132 52 11.1% 11.6% 11.3% 5.4% 4.7% 3.9% Q1 FY25 Q4 FY25 Q1 FY26 Q1 FY25 Q4 FY25 Q1 FY26 Q1 FY25 Q4 FY25 Q1 FY26 EBITDA EBITDA Margin (%) PAT PAT Margin (%) P
Slide 9: Business Vertical Performance
Business Vertical Performance Rs. In Crores Mechatronics, Aftermarket and Others: Information & Connected Systems: YoY YoY 13% 19% 654 650 736 575 667 617 Die Casting Wiring Harness Safety Solutions Instrument Cluster Q1 FY25 Q4 FY25 Q1 FY26 Q1 FY25 Q4 FY25 Q1 FY26 o Strong demand in domestic 2W and
Slide 10: Revenue Break-Up Q1 FY2026
Revenue Break-Up Q1 FY2026 By Products By Geography By End Market SE Asia Europe & North America 5% Q1FY25 Q1FY26 Others 7% 15% 2-3 Wheelers WH 29% Clusters 47% 47% 16% Q1 Q1 FY25 FY25 Die Vehicle Commercial Vehicles* Casting Access India 16% 24% 88% 28% 29% SE Asia Europe & North Passenger Vehicles
Slide 11: Establishing New facilities
Establishing New facilities Diecasting Pune - 5th Plant SMAD Bawal (Brownfield) Diecasting Gr. Noida – 4th Plant Minda Instrument Cluster Plant Pune Minda Toyodenso Wiring Harness Component Division Page 10
Slide 12: CSR and ESG
CSR and ESG
Slide 13: ESG Transforming Towards Sustainable Mobility
ESG Transforming Towards Sustainable Mobility Sustainable Responsible Care For People Ethical Business Inclusive Growth Operations Value Chain Spark Minda’s Sustainability 1,200+ learners trained on Spark Minda Sustainable 860+ accessible and assistive aid Addressed and resolved Annual Meet on 2nd M
Slide 14: Accolades
Accolades Received the CII Award for Excellence in Honored with the prestigious 19th CII-ITC Spark Minda was acknowledged under the ISCI Disability Inclusion 2025 in the Best Employer Sustainability Award in recognition of its National Programme for its contributions to (Large Company) - Inclusive R
Slide 15: Corporate Social Responsibility
Corporate Social Responsibility Health Camp conducted for community Short term summer courses in all Aakarsshan Skill Addition of one more course: Cutting & members in Noida, Uttar Pradesh development centers Tailoring inaugurated in Murbad, Maharashtra Distribution of Assistive aid (Motorised Tricy
Slide 16: Awards & Achievement Q1 FY2026
Awards & Achievement Q1 FY2026 Business Vertical – Business Vertical Business Vertical – 1 (Mechatronics, 2 (Information & DCD – won 45 – 5 (EME & Aftermarkets & Connected System Awards during SMGM) won 3 others division) division) won 18 Q1 FY26 Awards during won 38 awards Awards during Q1 Q1 FY26
Slide 17: Annexures
Annexures
Slide 18: Consolidated Profit & Loss Statement
Consolidated Profit & Loss Statement Particulars (Rs. Cr) Q1 FY26 Q1 FY25 YoY% Q4 FY25 QoQ% FY25 FY24 YoY% Revenue from Operations 1,386 1,192 16.2% 1,321 4.9% 5,056 4,651 8.7% Raw Material 862 747 816 3,146 2,924 Employee Cost 227 188 202 783 728 Other Expenses 141 126 151 552 484 EBITDA 156 132 18
Slide 19: Historical Income Statement Consolidated
Historical Income Statement Consolidated Particulars (Rs. Cr) FY21 FY22 FY23 FY24 FY25 Revenue from Operations 2,368 2,976 4,300 4,651 5,056 COGS 1,493 1,876 2,777 2,924 3,146 Gross Profit 875 1,100 1,523 1,727 1,910 Gross Profit Margin 36.9% 36.9% 35.4% 37.1% 37.8% EBITDA 217 295 461 514 575 EBITDA
Slide 20: Strategic Priorities To Deliver Strong Growth
Strategic Priorities To Deliver Strong Growth Focus On Innovation And Electric Vehicle Strengthening Enhancing The Core Technology Growth Opportunity Passenger Vehicle Offerings
Slide 21: Well Diversified Product Range
Well Diversified Product Range Expanding Core Verticals to Fuel Future Growth Driver 2W Information Vehicle System Access ADAS 4W iRAS Vehicle Sensor Access Starter Motor & Smart Alternator Electronics Sunroof & EV Mobility Power Lift ITS Gate 2W / 3W / 4W Fuel EV Motor EV Wiring Pump Housing Harnes
Slide 22: Strong Relationship With Marquee Customers Across Segments
Strong Relationship With Marquee Customers Across Segments 2-3-Wheeler Commercial & Off Highway Vehicles Passenger Vehicles Other Market Page 21
Slide 23: Leadership Team Driving Growth
Leadership Team Driving Growth Ashok Minda N.K. Modi Sumit Doseja H.N. Mishra Deepak Arora Sunil Goel Chairman & GCEO GCMO & CEO BV5 CEO, Aftermarket CEO, SSD CEO, Die Casting CEO, Wiring Harness Over 38 yrs of expertise in 35+yrs of experience in Over 27yrs of experience in 32+yrs of experience in
Slide 24: Strategic Priorities To Deliver Strong Growth
Strategic Priorities To Deliver Strong Growth Focus On Innovation And Electric Vehicle Strengthening Enhancing The Core Technology Growth Opportunity Passenger Vehicle Offerings
Slide 25: Innovation & Engineering for New Age Solutions
Innovation & Engineering for New Age Solutions R&D Expenditure (% of Revenue) Engineering Capabilities 4.3% 3.1% Electronics Hardware 1.3% 1.4% FY22 FY23 FY24 FY25 Mechatronics Engineering Transforming from mechatronics to advance technology provider 2 7 310+ Advanced Engineering Engineering Centre
Slide 26: Business Segments Transforming Current Business Lines
Business Segments Transforming Current Business Lines as per Technology Trends Vehicle Access Wiring Harness & Clusters, ADAS & Light Weight Die Casting EV Power Electronics Connectors Sensors & Interior Plastic Electrical Distribution Connected & Safe Light Weight & Connected & Safe Intelligent & S
Slide 27: Strategic Priorities To Deliver Strong Growth
Strategic Priorities To Deliver Strong Growth Focus On Innovation And Electric Vehicle Strengthening Enhancing The Core Technology Growth Opportunity Passenger Vehicle Offerings
Slide 28: Combined Solutions for EV
Combined Solutions for EV Motor EV Kit Value -2W EV Busbar Controller Unit Offered Products Kit Value HV Wiring Harness EV Traction By (in INR) Connection System Motor MCL • Off Board Battery Charger 12,000-15,000 • DC-DC Converter • Charging Gun DC-DC Converter • High Voltage Wiring Harness Telemat
Slide 29: Strategic Priorities To Deliver Strong Growth
Strategic Priorities To Deliver Strong Growth Focus On Innovation And Electric Vehicle Strengthening Enhancing The Core Technology Growth Opportunity Passenger Vehicle Offerings
Slide 30: Comprehensive Solutions for 4W
Comprehensive Solutions for 4W Around view Sunroof Digital Clusters Antenna Interior Plastics EGT Sensor Monitoring System Key Fob Electronic Steering System Power Lift & Cockpit Column Lock Gate System IC CPD DC DC Converter Speed Sensor High voltage wiring EVSE harness connection system Telematics
Slide 31: Comprehensive Solutions for Commercial Vehicle/Bus
Comprehensive Solutions for Commercial Vehicle/Bus Digital/TFT Cluster Air Vent Battery Cables EV Busbars Position Sensor Intelligent Transport System EGT Sensor Immobilizer Soot Module Sensor Die Castings Ignition Switch Cum Steering Lock Cylinder Head Cover Speed Sensor Fuse Box Plastic Oil Pan E
Slide 32: Disclaimer
Disclaimer This presentation contains statements that contain “forward looking statements” including, but without limitation, statements relating to the implementation of strategic initiatives, and other statements relating to Minda Corporation Limited (“Minda Corp” or the Company) future business d