Minda Corp. Ltd. · NSE:MINDACORP
Minda — Q3 FY2026 Earnings Presentation
37 slides from Minda's earnings presentation, Feb 5, 2026
Slide 1: Exchange filing cover letter
February 05, 2026 The Officer-In-Charge (Listing) Head - Listing Operations, Listing Department BSE Limited, National Stock Exchange of India Ltd., P.J. Towers, Dalal Street, Fort, Exchange Plaza, Bandra Kurla Complex, Mumbai – 400 001 Bandra (East), Scrip Code: 538962 Mumbai - 400 051 Scrip Code: M
Slide 2: Minda Corporation Investor Presentation Q3 and 9M FY2026
Minda Corporation INVESTOR PRESENTATION Q3 and 9M 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 organization to emerge as the preferred supplier and FY25 Group Revenue* FY25 Consol Revenue Manufacturing P
Slide 4: Indian Automotive Industry Performance
Indian Automotive Industry Performance Production Volumes in Millions Q3 FY26 Growth (Y-o-Y) Q3 FY26 Growth (Q-o-Q) 16.8% (0.8%) 15.0% (1.7%) 9.20 9.12 9.12 7.81 6.93 6.81 6.81 5.92 31.5% 17.5% 34.7% 19.1% (11.0%) 10.1% (4.6%) 5.4% 1.17 1.40 1.33 1.40 0.22 0.29 0.25 0.29 0.25 0.34 0.32 0.29 0.26 0.2
Slide 5: Q3 & 9M FY26 Business Performance Key Strategic Developments
Q3 & 9M FY26 Business Performance Key Strategic Developments Q3 FY2026 9M FY2026 Highest ever Quarterly Revenue of INR 1,560 crore growth of 25.0% YoY Revenue growth of 20.0% YoY EBITDA margin stood at 11.8% for Q3FY26, growth 9M EBITDA margin of 11.6%, growth of 26 Bps YoY of 30 Bps YoY Total Lifet
Slide 6: Q3 & 9M FY2026 Financial Highlights
Q3 & 9M FY2026 Financial Highlights Growth Momentum Continues Rs. In Crores Revenue EBITDA PAT* YoY 25% YoY YoY 28% 36% 1,535 1,560 178 184 85 88 1,253 144 Q3 FY26 65 11.5% 11.6% 11.8% 5.5% 5.7% 2% 3% 4% 5.2% Q3 FY25 Q2 FY26 Q3 FY26 Q3 FY25 Q2 FY26 Q3 FY26 Q3 FY25 Q2 FY26 Q3 FY26 EBITDA EBITDA Margi
Slide 7: Business Vertical Performance Q3 and 9M FY2026
Business Vertical Performance Q3 and 9M FY2026 Rs. In Crores YoY YoY 14% 17% 712 Mechatronics and Aftermarket: 2,073 Aftermarket and Others 710 1,821 608 • Strong demand in domestic 2W segment Mechatronics, • Subdued Export demanded in the European market Q3 FY25 Q2 FY26 Q3 FY26 9M FY25 9M FY26 YoY
Slide 8: Revenue Break-Up Q3 FY2026
Revenue Break-Up Q3 FY2026 By Products By Geography By End Market SE Asia Europe & North America 5% Q3 FY25 Q3 FY26 Others 7% 16% 2-3 Wheelers WH 28% 47% 45% Clusters Q3 Q3 16% FY25 FY25 Die Vehicle Commercial Vehicles* Casting Access India 15% 25% 88% 27% 29% SE Asia Europe & North Passenger Vehicl
Slide 9: Strategic Partnership with FLASH ELECTRONICS
Strategic Partnership with FLASH ELECTRONICS Financial & Other Highlight (FY25) Flash Financial Performance (Q3 & 9M FY26) Revenue EBITDA EBITDA (%) Free Cash Flow EV Revenue Q3 FY26 9M FY26 Rs. 1,537 Crs Rs. 223 Crs 14.5% Rs. 37 Crs 23% Business Verticals Manufacturing Facilities Revenue from Opera
Slide 10: Strategic Priorities to Deliver Strong Growth
Strategic Priorities to Deliver Strong Growth Investment in existing Business New Product New Market Premiumization Investment in Launch Export Focus of Existing Products R&D
Slide 11: Investment in Capabilities for Adjacent Businesses
We continue to focus and invest in capabilities to attain leadership position in Adjacent Businesses Continuously expanding manufacturing capabilities with a capital expenditure of Rs. 276 crore in 9M FY26 Diecasting Pune - 5th Plant Planned capital expenditure of approximately Rs. 2,000 crore over
Slide 12: Financial Statements
Financial Statements
Slide 13: Consolidated Profit & Loss Statement
Consolidated Profit & Loss Statement Particulars (Rs. Cr) Q3 FY26 Q3 FY25 YoY% Q2 FY26 QoQ% 9M FY26 9M FY25 YoY% Revenue from Operations 1,560 1,253 24.6% 1,535 1.6% 4,482 3,735 20.0% Raw Material 980 771 956 2,798 2,331 Employee Cost 242 200 235 703 580 Other Expenses 155 138 167 463 402 EBITDA 184
Slide 14: Historical Income Statement Consolidated
Historical Income Statement Consolidated Particulars (INR Crores) 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 EB
Slide 15: Strategic Priorities to Deliver Strong Growth
Strategic Priorities to Deliver Strong Growth New Product Launch Investment in New Market Premiumization Investment in existing Business Export Focus of Existing Products R&D
Slide 16: New Product Launch Driving Growth: Entry into New-Age Product Categories
New Product Launch Driving Growth: Entry into New-Age Product Categories Sunroof and PLG Switches EV Products • Secured a significant order with a • Technological agreement with • Secured a Rs 350 Crore (lifetime life time value exceeding Rs. 1,000 SANCO China value) order for sunroof from a crore f
Slide 17: Strategic Priorities to Deliver Strong Growth
Strategic Priorities to Deliver Strong Growth New Market New Market Export Focus Export Focus Investment in New Product Premiumization Investment in existing Business Launch of Existing Products R&D
Slide 18: Accelerating Export Growth to Capture Global Markets
Accelerating Export Growth to Capture Global Markets Shifting global trade and a cost advantage position India's auto component industry for healthy export growth. 8% 9% FY21 FY25 FY30 CAGR-18% CAGR-29% Rs. 220 Cr Rs. 420 Cr Rs. 1,500 Cr ➢ Exports grew 22% YoY in Q3 FY26, driven by increasing tracti
Slide 19: Strategic Priorities to Deliver Strong Growth
Strategic Priorities to Deliver Strong Growth Premiumization of Existing Products Investment in New Product New Market Investment in existing Business Launch Export Focus R&D
Slide 20: Business Segments Transforming Current Business Lines as per Technology Trends
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 21: Strategic Priorities to Deliver Strong Growth
Strategic Priorities to Deliver Strong Growth Investment in R&D Investment in New Product New Market Premiumization existing Business Launch Export Focus of Existing Products
Slide 22: 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% • Focused towards innovating new technology and developing advance automotive products • State of art technology center in India 1.3% 1.
Slide 23: CSR and ESG
CSR and ESG
Slide 24: ESG Transforming Towards Sustainable Mobility
ESG Transforming Towards Sustainable Mobility Sustainable Responsible Care For People Ethical Business Inclusive Growth Operations Value Chain SMGM received GOLD rating in Launched World on Wheels Spark Minda Sustainable 1,000+ accessible and assistive Addressed and resolved TVSM Sustainability Inde
Slide 25: Corporate Social Responsibility
Corporate Social Responsibility Aakarshan - 1,400+ students convocated from 8 skill Launched World on Wheels Bus for digital empowerment Launched Skill Development Center for Empowerment of development centers PAN India in Uttarakhand. FICCI AwardBus inaugurated - Inclsive by CM ofofUttarakhand, Dev
Slide 26: Awards & Achievement Q3 & 9M FY2026
Awards & Achievement Q3 & 9M FY2026 Business Vertical – Business Vertical Business Vertical – 1 (Mechatronics, 2 (Information & DCD – won 41 – 5 (EME & Aftermarkets & Connected System Awards during SMGM) won 8 others division) division) won 72 Q3 FY26 Awards during won 45 awards Awards during Q3 Q3
Slide 27: Company Overview Minda Corp.
COMPANY - OVERVIEW Minda Corp.
Slide 28: 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 Flash Electronics 49.0% Minda HCMF 50.0% 64.8% Minda Vast 50.
Slide 29: Strategic Partnerships
Strategic Partnerships 10 Strong Partnering with domestic and global clients to drive the automotive transition Motor, Motor Controller Advanced Switches Sunroof, Power Tail Gate Electrical Distribution Antenna System INDIA INDIA JAPAN TAIWAN CHINA KOREA INDIA Mechanical Keys Vehicle Access EV Charg
Slide 30: 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 29
Slide 31: 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 32: Board of Directors Guiding The Way Forward
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 33: Leadership Team Driving Growth
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 34: 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 35: 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 36: 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 37: 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