Earnings Review
Uno Minda Q1 Profit After Tax up marginally Year on Year, beats Street view
This story was originally published at 14:13 IST on 4 August 2026
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--Uno Minda Apr-Jun consol net profit INR 2.96 bln
--Analysts saw Uno Minda Apr-Jun consol net profit at INR 2.84 bln
--Uno Minda Apr-Jun consol revenue INR 55.57 bln
--Analysts saw Uno Minda Apr-Jun consol revenue at INR 52.73 bln
--Uno Minda Apr-Jun consol net profit INR 2.96 bln vs INR 2.91 bln yr ago
--Uno Minda Apr-Jun consol revenue INR 55.57 bln vs INR 44.89 bln yr ago
--Uno Minda Apr-Jun consol EBITDA INR 5.72 bln, up 21% on year
--Uno Minda CFO: June quarter was challenging on higher commodity prices
--Uno Minda CFO: Demand across automotive sector remains strong
--Uno Minda Apr-Jun consol EBITDA margin 10.3% vs 10.7% yr ago
--Uno Minda Apr-Jun consol EBIT INR 4.01 bln vs INR 3.27 bln yr ago
--Uno Minda Apr-Jun consol EBIT margin 7.2% vs 7.4% yr ago
By Ayush Jaiswal
MUMBAI – Uno Minda Ltd. Tuesday posted a marginal growth in its net profit for the June quarter despite strong growth in its revenue from operations as expenses rose faster than sales. The company's revenue growth was driven by broad-based growth across its product offerings, which include switches, lighting, alloy wheels, seating, alongside its rapidly scaling electric vehicle systems and alternate fuel divisions. Both the top line and bottom line came in higher than expected.
The company's consolidated net profit for the June quarter was up almost 2% on year at INR 2.96 billion. Analysts had estimated the company's net profit at INR 2.84 billion. The company's consolidated revenue from operations was INR 55.57 billion, up 24% on year from INR 44.89 billion reported in the year-ago quarter. Analysts had estimated the company's revenue from operations at INR 52.73 billion.
Uno Minda's total expenses rose 26% on year to INR 52.08 billion in the quarter. The company's cost of raw materials and components consumed, which constitutes around 68% of the total expense, was up 33% on year to INR 35.40 billion. The company's other expenses increased 15% on year to INR 5.60 billion, while the purchase of traded goods and employee benefit expenses increased 11% on year and 15% on year, respectively.
The company's revenue from its largest product segment, switches, grew 20% on year to INR 13.35 billion. This was driven by robust growth in two-wheeler exports and sustained domestic volume growth. However, this segment's contribution to the company's total revenue mix declined to 23% in the quarter from 25% a year ago. The company's revenue from lighting was INR 11.53 billion, up 14% on year, and contributed around 21% of the total revenue mix in the June quarter.
The company's earnings before interest, tax, depreciation, and amortisation were up 21% on year at INR 5.72 billion. The EBITDA margin contracted 40 basis points to 10.3% for the quarter from 10.7% reported a year ago. The company's EBIT rose 23% on year to INR 4.01 billion. The EBIT margin came in at 7.2%, down from 7.4% in the year-ago quarter.
"While we navigated a challenging commodity pricing environment during the quarter, underlying demand across the automotive sector remains strong," Sunil Bohra, chief financial officer of the company, said in a press release. "Our resilient performance reflects the strength of our technology leadership, product diversification, and focus on operational efficiencies."
Uno Minda's shares traded slightly higher before the results were announced. When the earnings came out, its shares turned choppy but maintained gains. At 1358 IST, the shares of the company traded at INR 1,221 apiece on the National Stock Exchange, up nearly 2% from Monday. End
IST, or Indian Standard Time, is five-and-a-half hours ahead of GMT
Edited by Himanshi Gupta
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