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Informist, Thursday, Feb. 5, 2026
 

By Akshat Saksena and Gunjan Rajput 

MUMBAI – Automobile components maker Uno Minda Ltd. reported a double-digit growth in its revenue and net profit for the December quarter but the bottom line was below analysts' expectations. The company's bottom line would be closer to consensus estimate if one excludes the cost incurred on account of change in labour code norms. The company's top line beat analysts' estimates.

The company's consolidated net profit for the quarter rose nearly 19% on year but fell 9% on quarter to INR 2.77 billion. The company missed analysts' estimates of INR 3.05 billion. The company incurred a one-time cost of INR 275.70 million on account of change in labour code norms which took effect in late November. Excluding this one-time cost, the company's net profit would be INR 3.04 billion.

The company's consolidated revenue from operations rose nearly 20% on year and 4% on quarter to INR 50.18 billion, beating analysts' estimate of INR 49.41 billion.

The company's total expenses rose over 19% on year and nearly 5% on quarter to INR 46.96 billion. The expenses rose primarily due to a 25% on-year jump in the cost of raw materials and components to INR 31.87 billion and a near-24% on-year rise in its employee benefits expense to INR 6.59 billion. Other expenses jumped up 29% on year to INR 5.87 billion. The three costs combined accounted for over 94% of the company's total costs, with cost materials alone accounting for nearly 68%.

The company plans to set up an alloy wheel manufacturing facility in the light metal and powertrain systems domain at Chhatrapati Sambhajinagar in Maharashtra at an estimated capital expenditure of INR 7.64 billion. The proposed plant will have a capacity of up to 1.80 million alloy wheels per annum, which will be achieved in phases.

Uno Minda reported earnings before interest, tax, depreciation, and amortisation of INR 5.54 billion for the December quarter, up 21% on year. The company's EBITDA margin expanded to 11% in the December quarter, from 10.9% in the year-ago quarter.
 
The company's switches segment, which accounts for a quarter of its overall top line, earned a revenue of INR 12.41 billion, up nearly 19% on year. Revenue from the lighting segment, which forms almost a quarter of its top line, grew 15% on year to INR 11.29 billion. Revenue from the casting segment improved over 26% on year to INR 9.71 billion.

Revenue from its seating operations grew over 32% to INR 3.61 billion. "Favorable customer mix in 2W, increase supply of suspended seats in the domestic market, and increased contribution from the bus passenger seat segment driving growth," the company said in its investor presentation. Exports of this segment are also recovering, the company said. "India EU FTA and US Trade deal to reduce tariff uncertainty and create further export opportunities," the company said.
 

Uno Minda's net profit for Apr-Dec rose nearly 29% on year to INR 8.71 billion. Top line for the period rose nearly 17% on year to INR 143.21 billion. The board approved an interim dividend of INR 0.90 per share, with the record date fixed for Wednesday.
 
The company detailed its December quarter earnings during market hours on Thursday. Shares of the company closed at INR 1,230.80 on National Stock Exchange, up over 2% from the previous session.  End

Edited by Ashish Shirke

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