Auto component major Minda Corporation Ltd reported a 68.2 per cent year-on-year increase in consolidated net profit to Rs 143 crore in the second quarter of the current fiscal, driven by strong revenue growth.The company had clocked a net profit of Rs 85 crore in the July-September period of FY26.Revenue from operations rose 42.6 per cent YoY to Rs 2,189 crore in the quarter under review."Q2 and H1FY27 reflected continued progress in our long-term growth strategy, driven by demand across key vehicle segments and execution across our businesses," the company's Chairman and group CEO Ashok Minda said.Minda Corporation manufactures auto parts, such as switches, driver information systems, access control products, sensors, motors, turbochargers, EV powertrains, and fuel pumps across vehicle segments.

Electric vehicle-related products accounted for around 35 per cent of new order wins in the quarter.Live EventsEbitda (earnings before interest, taxes, depreciation, and amortisation) increased by 44.7 per cent to Rs 257 crore in Q2 FY27, compared to Rs 178 crore in the year-ago period, while Ebitda margin improved to 11.8 per cent from 11.6 per cent.Total expenses during the period grew 40.8 per cent to Rs 2,035 crore, with raw material cost increasing to Rs 1,430 crore from Rs 956 crore."Looking ahead, Minda Corporation remains focused on expanding its product portfolio, strengthening customer relationships and increasing its presence in electronics and EV systems," said Ashok Minda."The company will continue to invest in R&D, localisation and manufacturing capabilities to increase its content per vehicle and address evolving customer requirements," he added.(You can now subscribe to our ETMarkets WhatsApp channel)