Minda Corporation Limited — Q2FY27 earnings call summary

Filed 11 November 2026 · Official transcript

Q2 FY27 revenue 2,189 Cr +43% y-y; EBITDA 257 Cr +45% y-y; PAT 143 Cr +69% y-y
New TFT instrument cluster orders lifetime value >1,000 Cr; production from FY28
Capex underway for 6-7 new plants including instrument cluster, TFT display, switches, die casting, wiring harness, EV products
Multiple analyst queries on EV product mix, localization, and margin impact addressed
EV product revenue grew 113% y-y, contributing 10% of company revenue
ECMS approval for display module localization; greenfield plant investment ~200 Cr, SOP in 18 months
Wiring harness EV share ~10%; high-voltage cables fully localized for top passenger vehicle
35% of new order wins from EV platforms; broad product spread across 2W, 3W, CV, PV