Minda Corp eyes ₹17,500 cr revenue by 2030
The auto-parts maker clocked a record ₹1,704 cr in Q4 as it gears up for mass production of sunroofs and electric motors.
— 2 earlier stories on Minda Corporation Ltd. →What's new with Minda Corporation Ltd.
- Q4 revenue reached a record ₹1,704 cr, up 29% year-on-year.
- Profit more than doubled to ₹124 cr; EBITDA hit ₹203 cr.
- Management plans to hit 12.5% margins by 2030.
Why this matters for Minda Corporation Ltd.
Minda is moving beyond its traditional product base through new JVs and M&A. Establishing a concrete, long-term revenue target gives investors a clear yardstick to measure their success in the EV motor and sunroof segments.
What we're watching
- Production timelines for the Turn Tide EV motor JV.
- Progress on the sunroof platform launch scheduled for the next 4-5 months.
- The impact of Minda Vast consolidation on future operating margins.
The full read
Minda Corporation finished FY26 on a high note, posting its largest quarterly revenue ever at ₹1,704 crore. With profit climbing to ₹124 crore, the company is pivoting toward a long-term goal of ₹17,500 crore in annual revenue by 2030. To get there, management intends to rely on a mix of organic expansion, the consolidation of Minda Vast, and recent joint ventures. The immediate test for this strategy arrives within six months, as the company preps production for its Turn Tide EV motors and a new sunroof platform. While the 12.5% margin target remains the benchmark for the end of the decade, the speed at which these new product lines hit the assembly line will dictate how much of that growth flows to the bottom line in the interim.