UNO Minda reported a financial gain of Rs 301.72 crore in the fourth quarter of FY24, up 55.5 percent on year comparison to the previous one. The company reveals that Rs 3,794 Cr for Q4 FY24 as against Rs 2,889 Cr in Q4 FY23, indicating a rise of 31 percent.
According to Minda, the FY24 reports growth in various sections such as lighting, switches, and alloy wheels including areas like electric vehicle technology, controllers, and sensors are part of this uplifting trajectory.
Nirmal K Minda, CMD, Uno Minda Group stated that the “Auto Industry continues to register robust growth with preference to better features for safety, comfort, and cleaner mobility. Along with passenger vehicles, the two-wheeler segment also joined the growth trajectory in the current quarter. Uno Minda with its diversified product portfolio across the vehicle segment along with a strong focus on ·emerging automotive technology leads the industry with strong operating and financial performance. “
Also, Sunil Bohra, CFO, of Uno Minda Group said, “This industry-leading performance echoes the resounding success of our strategic initiatives. With meticulous capacity expansion, strategic market share acquisition, and pioneering technological advancements, we’ve seamlessly transitioned into a comprehensive system provider. Buoyed by upcoming expansions, positive industry trends, and escalating consumer demand for cutting-edge features, we brim with optimism for continued, sustainable growth.”
The company board went ahead with a final dividend of Rs 1.35 per share i.e. 67.5 percent of face value reflecting commitment from the company to returning value to shareholders consistently.
