Uno Minda (532539) Q3 24/25 earnings summary

Executive summary

• Achieved strong financial performance in Q3 and nine months FY 2025, with consolidated revenue rising to ₹4,184 crores, up 19% YoY, and group revenue (including JVs and associates) up 14% to ₹5,056 crores.

• Net profit after tax for Q3 FY25 stood at ₹254.37 crores, up 21% YoY, with EPS (diluted) at ₹4.04.

• EBITDA rose 20% YoY to ₹457 crores, with margin improving to 10.92%.

• Benefited from robust demand in two-wheeler and EV segments, while commercial vehicle and export businesses faced headwinds.

• Showcased innovative technologies at Auto Expo 2025 and completed major acquisitions and mergers, including the Kosei JV entities.

Financial highlights

• Q3 consolidated revenue grew 19% YoY to ₹4,184 crores; group revenue up 14% to ₹5,056 crores.

• EBITDA margin improved to 10.92% from 10.78% YoY; net profit margin for Q3 FY25 was 6.01%.

• PAT before share of profit of associates/JVs grew 33% YoY to ₹214 crores.

• Interim dividend of ₹0.75/share declared, 15% higher than last year.

• EPS (diluted) for Q3 FY25 was ₹4.04, up from ₹3.35 in Q3 FY24.

Outlook and guidance

• Medium to long-term outlook for the domestic auto industry remains optimistic, driven by innovation, sustainability, and favorable economic conditions.

• Ongoing capacity expansions in alloy wheels, lighting, switches, and EV-specific products, with several projects under implementation through FY27.

• Guidance for EBITDA margin at 11% ± 50 bps, factoring in startup costs for new projects.

• Targeting 60% renewable energy share by 2030, carbon neutral operations by 2040, and net zero by 2050.

• Management expects sustained demand from OEMs and ongoing product innovation to drive future performance.