Minda Corporation Ltd (MINDACORP) Q2FY27 Concall Summary - Sep-2026 Qtr
Key Takeaways
- Management announced a capex of INR 200 crores for a new TFT display module plant, aiming for 70-80% localization to boost competitiveness.
- The company secured lifetime orders exceeding INR 1,000 crores for TFT instrument clusters, with production commencing from FY28 onwards.
- Electric vehicle products now constitute 35% of new order wins, with EV revenue growing 113% YoY and representing 15% of group-level revenue.
Performance Overview
- Delivered a landmark quarter, achieving its highest-ever quarterly revenue, surpassing the INR 2,000 crore milestone for the first time.
- Showcased significant outperformance against the auto industry, with revenue growth of 43% YoY versus the industry's 18% growth.
- Demonstrated strong traction in the electric vehicle (EV) segment, with EV product revenue growing 113% YoY and now contributing 10% of total revenue.
- Strengthened its technology and product portfolio by securing major orders for TFT instrument clusters and commencing production of sunroofs.
- Received an upgrade in credit rating from AA- to AA, underscoring enhanced financial stability and performance.
Financial Metrics
Log in to Stocksigma to read the Financial Metrics section of this summary.
Operating Performance / Business Segments
Log in to Stocksigma to read the Operating Performance / Business Segments section of this summary.
Key Discussions & Insights
Log in to Stocksigma to read the Key Discussions & Insights section of this summary.
Outlook and Guidance
Log in to Stocksigma to read the Outlook and Guidance section of this summary.
Challenges / Concerns
Log in to Stocksigma to read the Challenges / Concerns section of this summary.
Industry / Competitive Landscape
Log in to Stocksigma to read the Industry / Competitive Landscape section of this summary.
Overall Summary
Log in to Stocksigma to read the Overall Summary section of this summary.
Tone & Disclosure
Log in to Stocksigma to read the Tone & Disclosure section of this summary.