Uno Minda

Uno Minda Q3 results: PAT rises 21% at Rs 233 cr, revenue at Rs 4,184 cr

Auto components maker Uno Minda on Thursday said its profit after tax increased 21 per cent year-on-year to Rs 233 crore for the third quarter ended December 31, 2024. The company reported a Profit After Tax (PAT) of Rs 193 crore in the third quarter (October-December) of last year. Revenue from operations rose to Rs 4,184 crore in the period under review as compared with Rs 3,523 crore in the year-ago period, Uno Minda said in a statement. The company said its board has approved a capital expenditure of Rs 72 crore for expansion of its Hosur-based aluminium die casting manufacturing facility. "We continue to work on groundbreaking technologies, facilitating localisation and contributing to make in India. With these strategies, we are confident of continued success and help shaping the future of mobility," Uno Minda Group CMD Nirmal K Minda said. The company's strategic focus on innovation, diversification, and operational efficiency continues to drive upward trajectory, solidifyi

Tech M, Uno Minda: Rajesh Bhosale of Angel One picks 2 stocks to buy today

Stocks to Buy Today India: Tech M share price witnessed a long-term breakout in October near the 1,650-level, followed by a sharp rally above 1,800

M&M, TVS & Uno Minda among top picks by Nuvama ahead of December auto sales

Nuvama analysts said December is expected to bring encouraging results for the industry. PVs are predicted to achieve double-digit growth, propelled by strong performances from M&M, Maruti & Toyota

Nuvama bets on M&M, TVS Motor & Uno Minda ahead of November auto sales data

On the bourses, M&M has gained about 6% over the past month, while Uno Minda has surged more than 6%. On the flipside, TVS Motor dropped over 1%. In comparison, BSE Auto index declined nearly 2.5%

Uno Minda Q2 results: Net profit increases 11% to Rs 266 cr, Ebitda up 20%

Auto components maker Uno Minda Ltd has posted an 11 per cent growth in consolidated profit after tax (PAT) at Rs 266.1 crore in the September quarter. The company had posted a consolidated net profit of Rs 237.16 crore in the year-ago period, it said on Tuesday. Revenue from operations grew 18 per cent to Rs 4,244.79 crore during the previous quarter from Rs 3,621.30 crore in the September quarter of FY24, Uno Minda said. The growth was driven by multiple segments led by lighting, switches, casting, sensors, and controllers, it said. The company said it continues to outperform the industry with revenue growth of 17 per cent vis-a-vis industry volume growth of 9 per cent. The earnings before interest, taxes, depreciation, and amortisation (EBITDA) for the September quarter stood at Rs 482 crore, up 20 per cent from Rs 402 crore a year ago, the company said. "We have delivered yet another strong quarterly performance, with highest-ever quarterly revenue for the quarter," Uno Minda

Uno Minda rises 6% after reporting Q2 results; PAT up 9%, revenue up 17%

The company recorded a revenue of Rs 4,245 crore, up 17.2 per cent, as compared to Rs 3,621 crore a year ago

Uno Minda Ltd Q1FY25 results: Net profit jumps 17% to Rs 210.8 cr

Auto components maker Uno Minda Ltd on Wednesday reported a 17 per cent rise in consolidated profit after tax at Rs 210.8 crore in the first quarter ended June 30, 2024. The company had posted a consolidated profit after tax of Rs 180.17 crore in the same quarter of the previous fiscal, Uno Minda said in a regulatory filing. Consolidated revenue from operations in the first quarter stood at Rs 3,817.51 crore, as against Rs 3,092.66 crore in the year-ago period, it added. Total expenses in the quarter were higher at Rs 3,587.78 crore, as compared to Rs 2,906.79 crore in the same period a year ago. The growth in the quarter was driven by all product segments especially led by lighting, alloy wheels, switches, sensors and controllers, the company said. "Our journey towards becoming a global automotive technology leader continues to gain momentum as we deliver yet another quarter of robust performance, reinforced by our commitment towards innovation and customer satisfaction," Uno Min

Electric vehicle portfolio to drive auto component maker Uno Minda growth

The management highlighted that the partnership will significantly expand Uno Minda's e-4W product portfolio, enabling it to effectively cater to the growing Indian EV market

Uno Minda zooms 18% after deal with Inovance Automotive for e-4W expansion

Uno Minda's stock rose following its announcement of a technical licence agreement (TLA) with Suzhou Inovance Automotive Co, Ltd, China

RVNL, Century Textiles, Uno Minda, HAL among six stocks to watch on June 06

Stocks to watch on June 06: State-owned Railway Vikas Nigam Limited (RVNL) received an order worth of around Rs 390 crore from the Indian Railways

Why is Nomura betting big on RIL, BEL, Exide, Sona BLW and Uno Minda?

As corporate capex picks up, it expects the Indian corporate sector to sustain 12 - 17 per cent earnings growth in the medium-term

Uno Minda partners with Starcharge Energy to manufacture, sell EV chargers

Auto components maker Uno Minda on Friday said it has tied up with Starcharge Energy to manufacture and sell electric vehicle supply equipment in the country. The company has entered into a technical license agreement with Starcharge Energy Pte for wall-mounted AC chargers designed for home charging. "This collaboration further strengthens our dedication to 'Make in India' and for accelerating the nation's transition to a sustainable and electrified future," Uno Minda Group CMD Nirmal K Minda said in a statement. StarCharge, a global leader in electric vehicle charging infrastructure and microgrid solutions, operates in 67 countries and regions with manufacturing facilities in the US, Vietnam, and China. "We are optimistic about the outlook for EV adoption in India and believe there will be tremendous opportunities for home charging solutions," StarCharge Chairperson Shao Danwei stated.

Stocks to Watch: IRCTC, Fusion, Ultratech, Uno Minda, NBCC, SBI, RBL Bank

Stocks to Watch on December 14, 2023: IRCTC is eyeing a major expansion in the non-railway catering business

Uno Minda at 52-wk high; soars 7% on commissioning EV component plants

The company has also received new orders with annualised peak value of more than Rs 600 crore for EV systems. during the Q1FY24

Bosch, Uno Minda: Analysts bet on airbag makers on govt push for car safety

Implementation of airbags in other vehicle segments over the medium term will offer further revenue upside for airbag manufacturers, as per rating agency ICRA

Minda Industries posts 13% fall in PAT to Rs 118 cr for December quarter

Revenue from operations during October-December 2021 rose seven per cent to Rs 2,181 crore, compared with Rs 2,031 crore in the year-ago period

Minda Industries raises Rs 50 cr via issuance of commercial papers

Auto component maker Minda Industries on Friday said it has raised Rs 50 crore through issuance of commercial papers. "Minda Industries has issued the commercial paper of Rs 50 crore with allotment date June 17, 2021, and due for maturity on August 11, 2021," the company said in a regulatory filing. Minda Industries said this is in line with the management's efforts to bring down the finance cost. Last month, Minda Industries said its board has approved the acquisition of a 27.55 per cent stake in CSE Dakshina Solar for Rs 27 lakh. The acquisition is for availing solar power from CSE Dakshina for the company's units in Tamil Nadu. CSE Dakshina, a special purpose vehicle, is engaged in the business of providing solar power solutions for the captive consumption of commercial and industrial customers in India. It was incorporated in 2019. The company is in the process of setting up the project.

Minda Industries to invest over Rs 250 crore on business expansion

Minda Industries said it will invest over Rs 250 crore in expanding its four-wheel lighting and alloy wheel business to meet the increased demand as its existing units are operating at near capacity

Uno Minda acquires lighting firm for Rs 145 crore

Acquisition includes 100 per cent equity holding in Rinder India, Spain-based Light Systems and Technical Center