03-Nov-2026 16:25:17
MINDACORPGeneral news
MINDACORP Q2 : CONS NET PROFIT UP 68.9% AT ₹143 CR (YOY), DOWN 30.7% (QOQ). MIX (ON 1ST LOOK)
• Revenue up 42.6% at ₹2,189 Cr (YoY), up 18.6% (QoQ). • EBITDA up 44.7% at ₹257 Cr (YoY), up 21.6% (QoQ); margins 11.8% vs 11.6% (YoY), 11.5% (QoQ). • Caution: Q1FY27 reported PAT included ₹106 Cr exceptional gain from Minda Vast consolidation; normalized PAT up 43.0% (QoQ). • H1FY27 revenue up 38.1% at ₹4,036 Cr (YoY); normalized PAT up 62.0% at ₹243 Cr (YoY). • EV-related products were ~35% of Q2FY27 new order wins. • Board approved additional investment of up to ₹37 Cr in 50:50 JV Minda HCMF Technologies via 3 Cr shares of ₹10 each.
Minda Corporation Limited
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