Uno Minda (532539) Q2 25/26 earnings summary

Executive summary

• Achieved highest-ever quarterly revenues and profitability in Q2 FY2026, with consolidated revenue at INR 4,814 crore, up 13.4% year-on-year, and group revenues (including JVs and associates) at Rs 6,191 crore, up 14% year-on-year.

• PAT attributable to shareholders for Q2 FY2026 was INR 3,040 million, up 24% year-on-year; normalized PAT grew 27% excluding exceptional income.

• Strong performance across switches, lighting, casting, seating, and other product businesses, with notable growth in EV systems, sensors/ADAS, and robust export momentum.

• Standalone and consolidated unaudited financial results for the quarter and half year ended September 30, 2025, were approved and released, showing continued growth in revenue and profitability year-over-year.

• Expansion of manufacturing capacity, commissioning of new plants, and strategic investments and acquisitions completed.

Financial highlights

• EBITDA for Q2 FY2026 was INR 552 crore, up 14% year-on-year, with margins at 11.5%.

• PAT margin (UML share) increased to 6.2% from 5.5% year-over-year; EPS (diluted) for Q2 FY26 was 5.27, up from 4.22 in Q2 FY25.

• Consolidated net profit for Q2 FY26 was ₹322.79 crore, up from ₹266.16 crore in Q2 FY25.

• Net debt as of 30 September 2025 was INR 2,362 crore; net debt to equity stood at 0.36.

• Cash flow from operations for H1 was INR 678 crore; CapEx was INR 728 crore, including expansion and acquisitions.

Outlook and guidance

• Positive outlook for H2 FY2026, supported by festive demand, stable macro conditions, GST 2.0 reforms, and new model launches.

• Margin guidance remains at 11% ±0.5% for the year, with expectations of improvement as new projects mature.

• Ongoing capacity expansions and new product launches, especially in EV and safety segments, are expected to drive future growth.

• No material deviations in the use of funds raised through recent debenture issues; proceeds fully utilized as per stated objectives.