Shares of Uno Minda surged over 9 percent on November 12 after the company reported impressive Q2FY25 financial results, highlighting strong growth in revenue and profits.
By 1:50 PM, Uno Minda’s stock was trading at Rs 1,003, up by 9 percent. The stock has gained 46 percent so far this year, significantly outperforming the Nifty 50, which has risen 10 percent in the same timeframe.
In Q2FY25, Uno Minda posted a consolidated net profit of Rs 245.2 crore, reflecting a 23 percent increase quarter-on-quarter and a 15 percent increase year-on-year. Revenue from operations reached Rs 4,244.8 crore, marking an 11 percent rise from the previous quarter and 17 percent growth year-on-year. The company’s EBITDA also grew by 20 percent YoY to Rs 482 crore, with an improved EBITDA margin of 11.36 percent.
On the recent operational front, Uno Minda started production at its Farrukhnagar greenfield plant and plans to transfer the Manesa facility by Q3FY27. Additionally, a four-wheeler lighting plant in Pune will start operations by Q3FY25 and further augment the manufacturing capacity for Uno Minda.
Despite such strong performance, there are a few challenges Uno Minda’s European operations have to face-for instance, being at the receiving end of weak demand in the European auto market-at its subsidiary Clarton Horn. Particularly, agriculture vehicle exports remain challenging.
Uno Minda is a well-known name in the sector of auto components for both domestic and international markets, offering a wide range of products ranging from acoustics to switches, castings, and lighting for original equipment manufacturers as well as the aftermarket.
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Source: Moneycontrol
News Desk
