Uno Minda has reported strong financial results for the quarter ending 30th September 2024, achieving record revenue growth driven by its extensive product portfolio and innovation. The company’s consolidated revenue reached INR 4,245 crore for Q2 FY25, marking a 17% year-on-year increase from INR 3,621 crore in Q2 FY24, with growth outpacing the industry’s 9% volume increase.
Uno Minda’s earnings before interest, taxes, depreciation, and amortisation (EBITDA) for Q2 FY25 rose to INR 482 crore, representing a 20% year-on-year increase from INR 402 crore in the same period last year achieving its highest-ever EBITDA. The company’s profit after tax (PAT) for the quarter stood at INR 245 crore, a 9% rise from INR 225 crore in Q2 FY24. Despite slight margin pressures, the company maintained a strong EPS of INR 4.26, up by 9% from INR 3.92 last year.
For the first half of FY25, Uno Minda reported consolidated revenue of INR 8,062 crore, a 20% increase over H1 FY24’s INR 6,714 crore. EBITDA for H1 FY25 rose by 22% to INR 890 crore, while PAT grew 12% to INR 444 crore. The strong half-year performance underscores the company’s resilience and ability to deliver consistent results across diverse automotive segments, capitalising on India’s growth as a global automotive hub.
Nirmal K Minda, Chairman and Managing Director, Uno Minda, highlighted focus on localisation and advanced technology as key drivers of sustainable growth. He pointed to the company's position in India's expanding automotive market, emphasising its readiness to meet increasing demand with a diversified portfolio.
Sunil Bohra, CFO, Uno Minda, added that the company’s continued investment in research and development underpins its capacity to innovate and deliver value to the automotive sector.
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