Uno Minda (532539) Q3 25/26 earnings summary

Executive summary

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

• Export momentum improved due to favorable policy changes and new trade agreements, positioning for further global expansion.

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

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

• Board approved a new alloy wheel plant in Maharashtra with a capacity of 1.8 million wheels per annum and Rs. 764 crore investment.

Financial highlights

• Q3 FY26 consolidated revenue from operations reached Rs. 5,018 crore, up 20% year-over-year; group revenues including JVs and associates were Rs. 6,476 crore, up 21%.

• EBITDA for the quarter was Rs. 554 crore, up 21% year-over-year, with margins at 11%.

• PAT attributable to shareholders was Rs. 277 crore; normalized PAT was Rs. 298 crore, up 28% year-over-year.

• Nine-month consolidated revenue was Rs. 14,321.18 crore, up from Rs. 12,246.29 crore; normalized PAT for nine months was Rs. 841 crore, up 25%.

• Basic EPS (consolidated) for the quarter was Rs. 4.80, up from Rs. 4.05 year-over-year.

Outlook and guidance

• Near-term outlook remains optimistic, supported by sustained demand, GST rationalization, and a strong pipeline of 11 expansion projects.

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

• New alloy wheel plant to be operational by Q2 FY 2027, with full capacity by FY 2029-30, supporting business growth and OEM demand.