Uno Minda January-March Net Profit Down 8% Despite Strong Revenue Growth

Uno Minda Ltd. saw a 7.5% year-on-year drop in consolidated net profit for the March quarter to ₹2.66 billion, even as revenue from operations surged 19.4% to ₹45.28 billion. Sequentially, the net profit rose 14.5% and revenue was up 8.2%. The bottom line was in line with analysts’ estimates of ₹2.63 billion.

Other income slipped to ₹76.4 million from ₹91.1 million a year ago. Total expenditure, including finance costs, jumped to ₹42.07 billion from ₹35.01 billion, with finance costs rising to ₹407.8 million from ₹319.9 million. Tax outgo increased to ₹942.9 million from ₹850.1 million.

For 2024-25, net profit rose 7.7% on year to ₹9.43 billion, and revenue grew 19.6% to ₹167.75 billion. The board has announced a final dividend of ₹1.50 per share.

The board also approved raising up to ₹25 billion through various securities including FCCBs, NCDs, or other instruments, via public or private placements in one or more tranches.

Additionally, Uno Minda plans to consolidate its two-wheeler lighting operations at Bahadurgarh and Sonipat into a new facility at Kharkhoda, Haryana. The plant, expected to be operational in the fourth quarter of 2026-27, will require an investment of ₹2.33 billion.

The board has further cleared an investment of up to ₹200 million in redeemable preference shares of subsidiary UnoMinda EV Systems Pvt. Ltd., likely to be completed by the June quarter.