Uno Minda (532539) Q3 25/26 earnings summary

Executive summary

• Achieved record quarterly and nine-month revenues and profitability, driven by strong growth across core and emerging product lines, especially switches, lighting, alloy wheels, and seating systems.

• Group revenues (including JVs and associates) grew 21% year-over-year to Rs 6,476 Cr for Q3 FY26, with consolidated revenues up 20% to Rs 5,018 Cr and EBITDA up 21% to Rs 554 Cr.

• Interim dividend of Rs. 0.90 per equity share declared for FY 2025-26.

• Board approved a new manufacturing facility for alloy wheels in Maharashtra, with a capacity of 1.8 million wheels per annum and an investment of Rs. 764 crore.

• Strategic investments in capacity expansion, technology, and sustainability underpin medium-term growth ambitions.

Financial highlights

• Q3 FY26 consolidated revenue from operations: INR 5,018 crore, up 20% year-on-year; group revenues (including JVs/associates): Rs 6,476 Cr, up 21% year-on-year.

• EBITDA: INR 554 crore, up 21% year-on-year; EBITDA margin at 11%.

• PAT attributable to shareholders: INR 277 crore; adjusted PAT (excluding labor code impact): INR 298 crore, up 28% year-on-year.

• Consolidated net profit for the quarter was Rs. 301.37 crore, with basic EPS at Rs. 4.80.

• Net debt as of December: INR 2,298 crore; net debt to equity at 0.33.

Outlook and guidance

• Optimistic near-term outlook for the auto industry, supported by GST rationalization, strong demand, and product mix improvements.

• Ongoing and planned capacity expansions across product lines, including new plants for alloy wheels, lighting, sunroofs, airbags, and EV powertrain products.

• Continued focus on premiumization, safety, and technology-led growth in EV, sensors, and ADAS segments.