More Stories

Informist, Wednesday, Feb. 4, 2026

By Akshat Saksena

MUMBAI – Uno Minda Ltd. is expected to report a significant rise in its December quarter net profit from the year-ago quarter. The ramp up of new order wins across segments is likely to contribute to the high-teen rise in its top line, according to brokerages tracking the company. However, the cost of ramping up new orders is also likely to weigh on the company's margins and offset the benefits seen from its operating leverage.

The company is expected to report a consolidated net profit of INR 3.05 billion for the December quarter, according to the average of estimates from five brokerages. This implies a rise of over 31% on year and a slight rise on quarter. The estimates for the company's bottom line range from a low of INR 2.69 billion from Kotak Securities Ltd. to a high of INR 3.49 billion from Emkay Global Financial Services Ltd.

The company's consolidated revenue is expected to come in at INR 49.41 billion, according to the average of estimates. This estimate implies a rise of over 18% on year and nearly 3% on quarter. The estimates for top line range from a low of INR 48.12 billion from Elara Securities (India) Pvt. Ltd. to a high of INR 52.53 billion Emkay Global.

The on-year rise in the company's top line will likely be driven by the strong growth in its seating, castings, lighting, and switches segments, according to Nuvama Institutional Equities. The company's sensors and electric vehicle parts businesses are also likely to help the growth, according to the brokerage. Nomura Equity Research and Kotak Securities expect overall revenues to rise 17% on year due to a rise in the production of passenger vehicles and two-wheelers over the year-ago quarter. Kotak Securities also expects the ramp up of new order wins across multiple segments to help the rise in the company's top line for the reporting quarter.

The company's other businesses, such as its light motor transport and electric vehicle verticals, will continue to scale up, according to Nomura. "Two-wheeler-focused companies – Uno Minda, Minda Corp, Endurance and Gabriel – may post revenue growth of 12–21% YoY (year-on-year) in Q3E (December quarter)," Elara Securities said.

The auto parts manufacturer is expected to report earnings before interest, tax, depreciation, and amortisation of INR 5.58 billion, based on the average of estimates. This implies a rise of over 22% on year and over 1% sequentially. The highest estimate for the company's EBITDA is INR 6.30 billion from Emkay Global and the lowest estimate is INR 5.34 billion from Nuvama Wealth.

Kotak Securities and Nomura expect the company's margin for the December quarter to stay flat and Nuvama expects it to expand slightly on year. Kotak Securities and Nomura estimate the company's EBITDA margin to come in at 11.1% for the quarter compared to 10.9% reported for the year-ago quarter. Kotak Securities expects the margin to remain flat on year as it sees the high costs related to the ramping-up of new programs to cancel out the operating leverage benefits.

Uno Minda manufactures and supplies automotive components and systems to original equipment manufacturers. The company designs and produces over 28 categories of components for vehicles across segments such as passenger cars and commercial vehicles. The company caters to vehicles with an internal combustion engine as well as electric and hybrid vehicles. The company will announce its December quarter earnings on Thursday.

On Wednesday, shares of the company closed almost 1% lower at INR 1,204.80 on the National Stock Exchange. The stock has fallen over 2% since the company announced its September quarter earnings on Nov. 7.

Out of six brokerage reports on the company available with Informist, five have a 'buy' recommendation on the stock, with an average target price of INR 1,418. This is nearly 18% higher than the current market price. One brokerage has a 'hold' recommendation on the stock.

Following are the Oct-Dec earnings estimates for Uno Minda from five brokerages in descending order by the estimate of net profit in INR billion:

End

Edited by Ashish Shirke

For users of real-time market data terminals, Informist news is available exclusively on the NSE Cogencis WorkStation.

Cogencis news is now Informist news. This follows the acquisition of Cogencis Information Services Ltd. by NSE Data & Analytics Ltd., a 100% subsidiary of the National Stock Exchange of India Ltd. As a part of the transaction, the news department of Cogencis has been sold to Informist Media Pvt. Ltd.

Informist Media Tel +91 (22) 6985-4000

Send comments to feedback@informistmedia.com

© Informist Media Pvt. Ltd. 2026. All rights reserved.