Uno Minda (532539) investor relations material

Executive summary

• Consolidated revenue from operations for Q1 FY26 was INR 4,489 crores (normalized INR 4,420 crores), up 16% year-over-year from INR 3,800 crores in Q1 FY25.

• Group revenues, including JVs and associates, rose 14% year-over-year to INR 5,386 crores.

• Normalized EBITDA stood at INR 474 crores, with margins stable at 10.7%, and PAT attributable to shareholders was INR 229–239 crores, up 21% year-over-year.

• Major milestones included the acquisition of FRIWO, completion of e-drive business asset purchases, and the start of localized camera module manufacturing.

• Unaudited consolidated results were reviewed and approved by the Board and Audit Committee, with an unmodified auditor conclusion.

Financial highlights

• Revenue from operations (excluding incentives) grew 16% year-over-year to INR 4,420 crores.

• EBITDA margin improved to 10.73% in Q1 FY26 from 10.68% in Q1 FY25.

• PAT margin increased to 4.76% from 4.56% year-over-year.

• Basic EPS for Q1 FY26 was INR 5.06, up from INR 3.46 in Q1 FY25.

• Finance costs increased to INR 44 crores due to higher capex and working capital needs.

Outlook and guidance

• Management remains optimistic about sustained long-term growth, supported by 13 ongoing expansion projects across key product lines.

• Ramp-up in camera module production and OEM sales for EVSE expected in the next 3-4 months.

• Several new facilities and capacity expansions are set to commence in FY26, including lighting in Indonesia and die casting in India.

• Margin expansion is expected in the medium term as new projects stabilize and operating leverage improves.

• A final dividend of INR 1.50 per equity share for FY25 was recommended, subject to shareholder approval.