Shares of Minda Corporation closed over 4 percent higher on Tuesday, November 3, after the company reported strong earnings in the second quarter of the financial year 2026-27. The quarterly results were announced during the market hours at around 3 pm.

Earlier in the day, the stock opened at Rs 660. Following the release of the Q2 FY27 results, Minda Corp’s shares rallied 8.6 percent and hit an intra-day high of Rs 714.50. The stock settled 4.12 percent higher at Rs 685, on the BSE.

Minda Corporation reported a 68.2 percent year-on-year (YoY) increase in its consolidated net profit to Rs 143 crore in the reporting quarter, compared with Rs 85 crore in the corresponding quarter of last financial year.

The company’s revenue surged 42.6 percent to Rs 2,189 crore, driven by demand across key vehicle segments, product premiumisation and an expanding customer base. The revenue stood Rs 1,535 crore in the year-ago period.

Earnings before interest, tax, depreciation and amortisation (EBITDA) increased 44.4 percent to come in at Rs 257 crore in Q2 FY27, against Rs 178 crore in the year-ago period.

EBITDA margin expanded by 40 basis points to 12 percent from 11.6 percent a year ago.

The company said it continued to secure sizeable orders across multiple product domains, reflecting growing customer engagement and increasing opportunities across its diversified product portfolio.

EV-related products contributed approximately 35 percent of new order wins during Q2 FY27, while larger orders across multiple business verticals further strengthened the company's order pipeline, it said in the release.

On the technology front, Minda Corporation said it continued to make progress in strengthening our capabilities through strategic partnerships and new product programmes.

During the year, Minda Corporation invested Rs 80 crore in its group companies, Spark Minda Green Mobility Systems Private Limited, Minda HCMF Technologies Private Limited and Spark Minda - Toyodenso India Private Limited to support its business expansion, it stated.