Slide 1: Exchange filing cover letter
May 22, 2026 The Officer-In-Charge (Listing) Head - Listing Operations, 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: MINDAC
Slide 2: Minda Corporation Investor Presentation Q4 FY2026
Minda Corporation INVESTOR PRESENTATION Q4 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 ₹ 9,015Cr ₹ 6,185 Cr 42 23,000+ Be a Dynamic, Innovative and Profitable global automotive organization to emerge as the preferred supplier and FY26 Group Revenue* FY26 Consol Revenue Manufacturing Pl
Slide 4: Indian Automotive Industry Performance
Indian Automotive Industry Performance Production Volumes in Millions Q4 FY26 Growth (Y-o-Y) FY26 Growth (Y-o-Y) 19.9% 12.2% 20.7% 11.8% 35.94 9.67 32.04 8.06 26.69 7.06 23.88 5.85 37.2% 19.5% 32.4% 11.3% 23.3% 13.1% 23.9% 9.4% 1.41 1.57 5.06 5.54 0.24 0.33 0.30 0.36 0.26 0.35 1.01 1.24 1.03 1.17 1.
Slide 5: Q4 & FY26 Business Performance
Q4 & FY26 Business Performance Key Strategic Developments Q4 FY2026 FY2026 Highest ever Quarterly Revenue of INR 1,704 crore Revenue growth of 22.3% YoY despite challenging growth of 29% YoY macro-economic scenario EBITDA margin stood at 11.9% for Q4FY26, growth FY26 EBITDA margin of 11.7%, growth o
Slide 6: Strategic Expansion: Joint Venture with Turntide Drives Ltd.
Strategic Expansion: Joint Venture with Turntide Drives Ltd. Addition of significant strategic value to Spark Minda Spark Minda 49% - 51% Turntide Drives Join Venture Access to Local Manufacturing Premium Localised Advanced Motor with Global Quality Solutions Technology Strengthens Domestic Innovati
Slide 7: 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 8: Q4 & FY2026 Financial Highlights
Q4 & FY2026 Financial Highlights Growth Momentum Continues Rs. In Crores Revenue EBITDA PAT YoY 29% YoY YoY 33% 138% 1,704 1,560 203 124 1,321 184 Q4 FY26 153 84 52 7.3% 11.6% 11.8% 11.9% 9% 11% 5.4% 47% 3.9% Q4 FY25 Q3 FY26 Q4 FY26 Q4 FY25 Q3 FY26 Q4 FY26 Q4 FY25 Q3 FY26 Q4 FY26 EBITDA EBITDA Margi
Slide 9: Business Vertical Performance Q4 and FY2026
Business Vertical Performance Q4 and FY2026 Rs. In Crores YoY YoY 15% 18% 771 Mechatronics and Aftermarket: 2,843 Aftermarket and Others 710 654 • Strong demand in domestic 2W segment 2,475 Mechatronics, • Subdued Export demanded in the European market • Steady growth in Aftermarket Q4 FY25 Q3 FY26
Slide 10: Revenue Break-Up FY2026
Revenue Break-Up FY2026 By Products By Geography By End Market SE Asia Europe & North America 5% FY25 FY26 Others 7% 16% 2-3 Wheelers WH 28% 47% 48% Clusters 16% FY25 FY25 Die Commercial Vehicles* Vehicle Access Casting India 24% 16% 88% 28% 28% SE Asia Europe & North Passenger Vehicles America 5% O
Slide 11: Strategic Partnership with Flash Electronics
Strategic Partnership with FLASH ELECTRONICS Financial & Other Highlight (FY26) Flash Electronics Revenue from Operations Free Cash Flow ROCE (%) EV Revenue (%) YoY YoY 17% 33% 1,803 Rs. 112 Crs 27.7% 21% 1,537 371 488 493 Business Verticals Manufacturing Facilities Q4 FY25 Q3 FY26 Q4 FY26 FY25 FY26
Slide 12: Consolidated Leverage Position FY2026
Consolidated Leverage Position FY2026 Particulars (INR Crores) Mar 31st, 2024 Mar 31st , 2025 Mar 31st , 2026 Net Worth 1,981 2,202 2,659 Long Term Borrowings* 203 528 543 Short Term Borrowings 145 816 669 Gross Debt 348 1,344 1,212 Less: Cash & Cash Equivalents 192 97 147 Net Debt 156 1,247 1,065 C
Slide 13: Key Financial Metrics
Key Financial Metrics Revenue (Rs. In Cr) EBITDA Margin (%) ROCE (%) 11.7% 20.8% 23.1% 6,185 11.1% 11.4% 20.0% 20.0% 10.7% 4,651 5,056 9.9% 4,300 14.1% 2,976 FY22 FY23 FY24 FY25 FY26 FY22 FY23 FY24 FY25 FY26 FY22 FY23 FY24 FY25 FY26 Revenue EBITDA Margin ROCE EPS (in INR) PAT Margin (%) 15.0 6.6% 6.
Slide 14: CSR and ESG
CSR and ESG
Slide 15: ESG: Transforming Towards Sustainable Mobility
ESG Transforming Towards Sustainable Mobility Sustainable Responsible Care For People Ethical Business Inclusive Growth Operations Value Chain Minda Corporation Limited –has Spark Minda Sustainable 7,000+ accessible and assistive Addressed and resolved 2,000+ learners trained on environmental querie
Slide 16: Corporate Social Responsibility
Corporate Social Responsibility 1,500+ women inmates of 26 prisons in 7,000+ accessible and assistive aid to people with AIMA Award – Best CSR Project Excellence Award Uttar Pradesh FICCI Award disabilities during-Saksham Inclsive Development Mega Camp inof PWDs Uttar Pradesh Women Leadership Award
Slide 17: Awards & Achievement Q4 & FY2026
Awards & Achievement Q4 & FY2026 Business Vertical – Business Vertical Business Vertical – 1 (Mechatronics, 2 (Information & DCD – won 37 – 5 (IPD, EME & Aftermarkets & Connected System Awards during MIL) won 178 others division) division) won 77 Q4 FY26 Awards during won 25 awards Awards during Q4
Slide 18: Annexures
Annexures
Slide 19: Consolidated Profit & Loss Statement
Consolidated Profit & Loss Statement Particulars (Rs. Cr) Q4 FY26 Q4 FY25 YoY% Q3 FY26 QoQ% FY26 FY25 YoY% Revenue from Operations 1,704 1,321 29.0% 1,560 9.2% 6,185 5,056 22.3% Raw Material 1,101 816 980 3,900 3,146 Employee Cost 230 202 242 934 783 Other Expenses 169 151 155 631 552 EBITDA 203 153
Slide 20: Historical Income Statement Consolidated
Historical Income Statement Consolidated Particulars (INR Crores) FY22 FY23 FY24 FY25 FY26 Revenue from Operations 2,976 4,300 4,651 5,056 6,185 COGS 1,876 2,777 2,924 3,146 3,900 Gross Profit 1,100 1,523 1,727 1,910 2,286 Gross Profit Margin 36.9% 35.4% 37.1% 37.8% 37.0% EBITDA 295 461 514 575 721
Slide 21: Company Overview Minda Corp.
COMPANY - OVERVIEW Minda Corp.
Slide 22: Schematic Representation of Minda Corporation
Schematic Representation of Minda Corporation Subsidiaries Minda Instruments Ltd. 35.2% Spark Minda Toyodenso Spark Minda Green Mobility Public & Other Shareholding Minda Vietnam PT Minda Indonesia MINDA CORPORATION LTD JVs and Associates Spark Minda Turntide 49.0% Flash Electronics 49.0% 64.8% Mind
Slide 23: Strategic Partnerships
Strategic Partnerships 11 Strong Partnering with domestic and global clients to drive the automotive transition Advanced Switches Sensors and Clusters Sunroof, Power Tail Gate JAPAN USA TAIWAN EV Charging Solutions Motor Controllers INDIA UK Mechanical Keys ITALY Motor, Motor Controllers INDIA Vehic
Slide 24: Strong Relationship With Marquee Customers Across Segments
Strong Relationship With Marquee Customers Across Segments Commercial & Off 2-3-Wheeler Passenger Vehicles Other Market Highway vehicles Page 23
Slide 25: 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 Vehi Sunroof Smart c (2W+4W le A & s Electronics ronic +Su n Power Lift Gate ct cc oof+PLG Motor Controller e ess l r E ce Electric motors van
Slide 26: Business Segments
Business Segments Transforming Current Business Lines as per Technology Trends Vehicle Wiring Harness & Clusters, ADAS Die Casting & Interior EV Power Access Connectors & Sensors Plastic Electronics Intelligent & Electrical Distribution Connected & Light Weight & EV Drive Train Smart Systems Safe Mo
Slide 27: Innovation & Engineering for New Age Solutions
Innovation & Engineering for New Age Solutions R&D Expenditure (% of Revenue) R&D Process 4.3% • Transforming from mechatronics to advance technology provider 3.1% 3.2% • Focused towards innovating new technology and developing advance automotive products 1.3% 1.4% • State of art technology center i
Slide 28: Board of Directors
Board of Directors Guiding The Way Forward Mr. Ashok Minda Mr. Aakash Minda Chairman & GCEO Executive Director ED of Group; an honours graduate from Cox School Over 38 years in the automotive component sector of Business and ISB; has over eight years of has forged global collaborations and spearhead
Slide 29: Leadership Team
Leadership Team Driving Growth Ashok Minda N.K. Modi Sumit Doseja H.N. Mishra Deepak Arora Supratik Roy Chairman & GCEO CEO, Emerging Business ED & CEO BV5 CEO, SSD CEO, Die Casting CEO, Wiring Harness Over 38 yrs of expertise in Over 27yrs of experience in 32+yrs of experience in 26+yrs of expertis
Slide 30: Comprehensive solutions for 2W
Comprehensive solutions for 2W TFT Instrument Telematics Cluster Keyless Entry System TPMS Battery Charger TMAP Mechanical Electronic Lockset Handle Lock Vehicle Control Unit EVSE Temperature Sensors Die Casting Product Handlebar Switches Tilt Sensors DC-DC Converter High Voltage Wiring Harness Conn
Slide 31: Comprehensive solutions for 4W
Comprehensive solutions for 4W Around view Monito Digital Clusters Sunroof Key Fob Mechanical / Electronic S Antenna System Interior Plastics Roof Module Power Lift ring System & Cockpit Switches teering Column Lock Axial flux motor Gate System s Immobilizer EGT Sensor DC DC Converter Speed Sensor H
Slide 32: Comprehensive Solutions for Commercial Vehicle/Bus
Comprehensive Solutions for Commercial Vehicle/Bus Digital/TFT Cluster Air Vent Battery Cables EV Busbars Position Sensor Axial flux motor s EGT Sensor Immobilizer Soot Module Sensor Die Castings Ignition Switch Cum Steering Lock Cylinder Head Cover Speed Sensor Fuse Box Plastic Oil Pan Temperature
Slide 33: 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