Summary of Key Information:

Reporting Period: Quarter ended June 30, 2026 (Q1 FY27)

Nature of Filing / Announcement: Outcome of Board Meeting with Unaudited Financial Results

Audit Opinion:

Unmodified opinion issued by statutory auditors S.R. Batliboi & Co. LLP on both standalone and consolidated financial results

Key Financial Highlights [Rs. in lakhs]:

Standalone Results:

Revenue from Operations: ₹1,40,059 lakhs (Q1 FY27) vs ₹1,13,455 lakhs (Q1 FY26) - 23.4% YoY growth

Total Income: ₹1,40,264 lakhs (Q1 FY27) vs ₹1,14,450 lakhs (Q1 FY26)

Net Profit: ₹6,113 lakhs (Q1 FY27) vs ₹4,183 lakhs (Q1 FY26) - 46.1% YoY growth

EPS: ₹2.56 (Basic and Diluted) vs ₹1.75 (Q1 FY26)

Other Equity: Not specified for current quarter

Consolidated Results:

Revenue from Operations: ₹1,84,631 lakhs (Q1 FY27) vs ₹1,38,588 lakhs (Q1 FY26) - 33.2% YoY growth

Total Income: ₹1,84,793 lakhs (Q1 FY27) vs ₹1,38,917 lakhs (Q1 FY26)

Net Profit: ₹20,625 lakhs (Q1 FY27) vs ₹6,531 lakhs (Q1 FY26) - 215.8% YoY growth

EPS: ₹8.75 (Basic), ₹8.62 (Diluted) vs ₹2.78 (Basic), ₹2.73 (Diluted) (Q1 FY26)

Other Equity: Not specified for current quarter

Segment-wise Performance:

As per Note 3, the Group operates within a single primary operating segment - manufacturing of Automobile Components and Parts. Accordingly, segment-wise disclosures under Ind AS 108 are not required.

Corporate Actions:

  • Board approved additional investment of up to ₹18 Crores in Spark Minda Toyodenso India Private Limited (joint venture company)
  • Investment by way of subscription to 1.80 crore equity shares of ₹10 each
  • Post allotment, total investment in JV will increase to ₹60 Crores comprising 6 Crore equity shares
  • Shareholding ratio remains 60:40 with Toyo Denso Co., Ltd., Japan

Other Significant Information:

Fire Incident:

  • Fire occurred on May 30, 2026 at one of the Company's plants
  • Loss of Building, Plant and Equipment, Other Fixed Assets, Inventories and incidental costs with book value of ₹8,786 lakhs
  • Accounted for and disclosed as "Exceptional Item" in financial results
  • Company has adequate insurance coverage and has filed provisional claim which is in progress
  • ₹8,786 lakhs accounted as Claims Receivable under financial assets

Subsidiary/JV Updates:

  • During current quarter, Company acquired control of Minda-VAST Access Systems Private Limited through amendment in Shareholder's Agreement dated April 30, 2015
  • Minda Vast became subsidiary w.e.f. April 1, 2026
  • PAT includes exceptional gain (net of tax) of ₹106 Crore arising from consolidation of Minda Vast
  • During previous year, Company became shareholder of Spark Minda-Toyodenso India Private Limited (incorporated August 21, 2025) with 60% stake
  • During current quarter, Group entered into joint venture Spark Minda Turntide Private Limited (incorporated April 11, 2026) with 49% stake

Financial Ratios (Consolidated) Q1 FY27:

  • Debt-equity ratio: 0.47 times
  • Interest Service Coverage Ratio: 9.74 times
  • Current Ratio: 0.97 times
  • Operating Margin: 11.5%
  • Net Profit Margin: 11.2%
  • Debtor Turnover: 1.73 times
  • Inventory Turnover: 1.53 times

Previous Year Transaction:

  • During previous year, Company issued and allotted 76,50,000 share warrants to Minda Capital Private Limited at ₹550 per warrant
  • Received subscription amount of ₹10,519 lakhs (25% of total consideration of ₹42,075 lakhs)

Entities in Consolidation:

The consolidated results include:

  • 7 subsidiaries including PT Minda Automotive Trading Indonesia, Minda Vietnam Automotive Co. Ltd., Spark Minda Foundation, etc.
  • 3 associates including Furukawa Minda Electric Private Limited, EVQ Point Solutions Private Limited, Flash Electronics (India) Private Limited
  • 3 joint ventures including Minda Infac Private Limited, Minda-HCMF Technologies Private Limited, Spark Minda Turntide Private Limited