UNO Minda Limited — Updates, 12-11-2024: Press Release

Uno Minda reported strong financial results for Q2 FY25, achieving consolidated revenue of ₹4,245 Cr, reflecting a year-on-year growth of 17% compared to ₹3,621 Cr in Q2 FY24. This growth was significantly driven by multiple segments, particularly Lighting, Switches, Casting, Sensors, and Controllers, outperforming the industry volume growth of 9%. The company also reported a record EBITDA of ₹482 Cr for the quarter, up 20% from ₹402 Cr in the previous year, and a PAT of ₹245 Cr, representing a 9% increase from ₹225 Cr.

For the half-year period, Uno Minda's revenue rose to ₹8,062 Cr, a 20% increase year-on-year, with EBITDA growing by 22% to ₹890 Cr. The company's PAT for this period reached ₹444 Cr, marking a 12% increase. Management highlighted a commitment to innovation and expanding the product portfolio to maintain its position as a leading player in the automotive sector, viewing the emerging market dynamics as a significant growth opportunity. Investors should view this strong performance as indicative of positive momentum going forward.