Minda Corporation Q2 FY26: Revenue up 19%, PAT 13.9%

Results headline and why it matters

Minda Corporation Ltd, an Indian automotive components player, reported its financial results for the quarter ended September 30, 2025 (Q2 FY26). The company said it delivered its highest-ever quarterly consolidated revenue in this period. The update is significant for investors tracking demand and margin trends in auto ancillaries, where volumes and product mix can quickly change quarterly profitability. The results were announced from New Delhi on November 6, according to the company update included in the data.

Key consolidated numbers for Q2 FY26

For Q2 FY26, Minda Corporation reported consolidated revenue of ₹1,535 crore, up 19.0% year-on-year (YoY). The same dataset also states revenue rose 10.8% quarter-on-quarter (QoQ) to ₹1,535 crore. EBITDA was reported at ₹178 crore for the quarter, with the EBITDA margin at 11.6%. The company’s PAT for Q2 FY26 stood at ₹85 crore, up 13.9% YoY, with a PAT margin of 5.5%. Basic EPS was reported at ₹3.60 in Q2 FY26 compared with ₹3.16 in Q2 FY25.

Profitability: margin improvement, but PBT decline

The company’s EBITDA margin improved to 11.6% and was described as higher by 22 basis points versus last year. On profit before tax, the results compilation states PBT declined 3.3% YoY to ₹93 crore in Q2 FY26. This combination indicates that while operating profitability improved, below-EBITDA line items affected pre-tax profit in the quarter, as presented in the dataset. PAT still grew 13.9% YoY to ₹85 crore.

H1 FY26 performance snapshot

Beyond the quarterly numbers, the data also provides a half-year comparison. Consolidated revenue for H1 FY26 was reported at ₹2,921 crore. This compares with ₹2,482 crore in H1 FY25, as stated in the same results summary. The H1 comparison provides a broader view of the year-to-date run rate after two quarters.

A second set of figures in the same compilation

The provided text also includes another set of quarterly figures described as consolidated for “the quarter under review”. In this segment, consolidated revenue is cited at ₹1,290 crore versus ₹1,196 crore in the September quarter of the previous fiscal year, implying 7.9% YoY growth. The same segment cites quarterly EBITDA of ₹147 crore and an EBITDA margin of 11.4%, with the margin described as up 38 basis points YoY. These figures appear alongside the Q2 FY26 headline numbers of ₹1,535 crore revenue and ₹178 crore EBITDA within the supplied dataset.

Operating profit trend cited in quarterly table

A quarterly operating profit table in the dataset lists EBITDA (shown as operating profit) of ₹178 crore for Sep 2025, with a QoQ change of 13.83% and YoY change of 21.37%. The same table lists ₹156 crore for Jun 2025, ₹153 crore for Mar 2025, and ₹144 crore for Dec 2024. These entries provide a directional view of operating profit movement over recent quarters in the compilation. The Q2 FY26 headline EBITDA number aligns with the Sep 2025 operating profit entry of ₹178 crore.

Snapshot table: Q2 FY26 headline metrics

Annual context included in the dataset

The dataset also provides annual figures for three financial years. For FY 2024-25, revenue is listed at ₹4,182 crore with revenue growth of 7.8% and net profit of ₹206 crore (profit growth 9.23%). For FY 2023-24, revenue is listed at ₹3,859 crore, net profit at ₹189 crore, and profit growth at -21.65%. For FY 2022-23, revenue is listed at ₹3,534 crore, net profit at ₹241 crore, and profit growth at 50.19%.

What investors typically track from here

The Q2 FY26 print highlights a combination of strong revenue growth and modest margin expansion in the headline consolidated numbers. At the same time, the dataset’s PBT decline to ₹93 crore is a reminder that operating performance and final profitability can diverge in any given quarter. Investors will also likely monitor how the H1 FY26 revenue of ₹2,921 crore translates into full-year delivery, given the year-to-date comparison provided against H1 FY25. Future quarterly updates will clarify whether the company sustains the 11.6% EBITDA margin indicated in the Q2 FY26 headline set.

Conclusion

Minda Corporation’s Q2 FY26 results, for the quarter ended September 30, 2025, show record consolidated revenue of ₹1,535 crore and PAT of ₹85 crore, alongside an EBITDA margin of 11.6%. The same results compilation also includes additional quarterly figures and trend tables that investors may compare against the headline numbers. The next set of quarterly disclosures will be important for confirming the operating trajectory implied by the Sep 2025 operating profit table and the H1 FY26 revenue base reported in the dataset.