Uno Minda has announced its results for the quarter ended September 30th, 2024. At a consolidated level, the company reported a revenue growth with revenue of Rs 4,245 crore for Q2 FY 25 as against Rs 3,621 crore for Q2 FY 24, registering a growth of 17 percent. Growth was driven by multiple segments led by lighting, switches, casting, sensors and controllers.
The EBITDA for Q2 FY25 has been reported as Rs 482 crore as compared to Rs 402 crore in Q2 FY24, a growth of 20 percent. PAT (UML Share) for the quarter is RS 245 crore in Q2 FY25 as against Rs 225 crore in Q2 FY24, a growth of 9 percent.
For half the year ended September 30th, 2024, the company reported a revenue of Rs 8,062 crore as against Rs 6,714 crore for H1 FY 24, registering a growth of 20 percent. The EBITDA for H1 FY 25 has been reported as Rs 890 crore compared to Rs 732 crore in H1 FY 24, a growth of 22 percent.
Commenting on the performance, Nirmal K Minda, CMD, Uno Minda Group says, “We are committed to driving sustainable growth and innovation in the automobile market with a greater focus on localisation and technology advancement. Our focused approach has yielded significant results with the company achieving new milestones every quarter.”
He added, “As India emerges as a global automotive hub, we are well-positioned to capitalise on this growth with our diversified portfolio catering for all vehicle segments. We remain committed to investing in cutting-edge technologies to drive future growth.”
Sunil Bohra, CFO, Uno Minda Group says, “We have delivered yet another strong quarterly performance, with the highest-ever quarterly revenue for the quarter. Our approach towards strengthening customer relationships, forging strategic partnerships and new alliances with a strategic vision; we aim to capture greater market opportunities, cater to the automotive industry, and deliver long-term value.”
He added, “Our commitment to R&D fuels innovation and the development of new products. Our diverse product portfolio, robust manufacturing capabilities, and advanced technology solutions solidify our position as a preferred global systems manufacturer.”
