• The document is a regulatory filing and transcript for a Q1 FY27 Earnings Conference Call hosted by Anand Rathi Shares and Stock Brokers Limited, held on August 13, 2026.
  • The stated purpose of the event was to "discuss the company's performance for the quarter ended June 30, 2026, and share the key developments across our businesses."
  • The meeting was a post-results interaction, held after the earnings announcement.
  • Management participants included:
  • Mr. Aakash Minda – Executive Director
  • Mr. Ajay Agarwal – GCFO and President, Finance and Strategy
  • Mr. Nitesh Jain – Lead, Investor Relations
  • The company explicitly stated that "This transcript is edited for factual errors. In case of discrepancy, the audio recordings uploaded on the stock exchanges on May 22, 2026, will prevail." No indication was given that a presentation deck or additional materials would be made available.
  • The company included standard compliance language through the context of the filing (Ref: Regulation 30 of SEBI LODR) but did not include a specific statement that no Unpublished Price Sensitive Information (UPSI) would be shared.

Financial Highlights Discussed:

The management discussed detailed financial results for Q1 FY27:

  • Revenue: INR 1,846 crores, a growth of 33.2% YoY (vs. INR 1,386 crores in Q1 FY26).
  • EBITDA: INR 212 crores, a growth of 35.4% YoY.
  • EBITDA Margin: 11.5%, an improvement of 19 basis points YoY.
  • PAT: INR 206 crores, a growth of 216% YoY (vs. INR 65 crores). This includes an exceptional gain of INR 106 crores due to the consolidation of Minda VAST.
  • The company reported a lifetime order book addition of approximately INR 2,500 crore during the quarter.
  • Flash Electronics (Associate): Revenue of INR 533 crores (42% YoY growth), EBITDA of INR 82 crores, and EBITDA margin of 15.4%.
  • Minda VAST Contribution: Added INR 125 crores in revenue post-consolidation. Its margin improved to 8.4% in Q1 FY27 from 6.5% in Q1 FY26.
  • EV Revenue: Constitutes ~10% of Minda Corp's revenue (40% YoY growth) and ~30% of Flash Electronics' revenue (90% YoY growth). At the group level, EV revenue is ~14%.

Forward-Looking Statements & Strategic Themes:

  • Vision 2030: The company reiterated its commitment to its long-term targets, aiming for an EBITDA margin of 12.5% by 2030.
  • Growth Pillars: Management highlighted growth driven by increased business with existing customers, new customer acquisition, exports, product premiumization, new product launches (JVs/tech agreements), and R&D investment.
  • Capex Guidance: INR ~400 crores planned for FY27 across various businesses.
  • New Business SOPs: The sunroof business (Spark Minda HCMF) is on track for Start of Production (SOP). Turntide motor controller SOPs are expected in October/November 2026.
  • Margin Outlook: Targeting Flash Electronics margins to recover to 16-17% in the long term after being impacted by commodity and labor costs in Q1.

Additional Notes Section

  • The document was an attachment to a formal regulatory submission to the BSE and NSE. The attached file was the full transcript of the conference call.
  • The transcript contained extensive financial data and performance metrics for Q1 FY27.
  • Logistical details like the dial-in number for the call were not included in the provided transcript excerpt.