This article first appeared on GuruFocus .
-
Quarterly Revenue:INR5,336 crore, 18% year-on-year growth.
-
Quarterly EBITDA:INR603 crore, 14% year-on-year growth, with an EBITDA margin of 11.3%.
-
Quarterly Profit After Tax (PAT):INR326 crore, 32% year-on-year growth.
-
Full Year Revenue (FY26):INR19,589 crore, 17% year-on-year growth.
-
Full Year Normalized EBITDA (FY26):INR2,182 crore, 16% year-on-year growth, with a margin of 11.12%.
-
Full Year PAT (FY26):INR1,197 crore, 24% year-on-year growth.
-
Switches Segment Revenue (Q4):INR1,343 crore, 17% year-on-year growth.
-
Lighting Segment Revenue (Q4):INR1,154 crore, 18% year-on-year growth.
-
Casting Business Revenue (Q4):INR982 crore, 14% year-on-year growth.
-
Seating System Revenue (Q4):INR381 crore, 23% year-on-year growth.
-
Green Mobility Segment Revenue (Q4):INR423 crore, 25% year-on-year growth.
-
Net Debt (March 31, 2026):INR2,179 crore.
-
ROCE (FY26):19.2%.
-
Dividend for FY26:INR2.65 per share.
-
Warning! GuruFocus has detected 1 Warning Sign with BOM:532539.
-
Is BOM:532539 fairly valued? Test your thesis with our free DCF calculator.
Release Date: May 18, 2026
For the complete transcript of the earnings call, please refer to the full earnings call transcript .
Positive Points
-
UNO Minda Ltd ( BOM:532539 ) reported its highest ever quarterly revenues and profitability, with consolidated revenues from operations for the quarter at INR5,336 crore, representing an 18% year-on-year growth.
-
The company achieved a robust 14% year-on-year growth in EBITDA, reaching INR603 crore, with a healthy EBITDA margin of 11.3%.
-
UNO Minda Ltd ( BOM:532539 ) saw a 26% revenue surge in its switch system business, driven by capacity expansion and increased focus on vehicle safety.
-
The Green Mobility segment achieved a 25% year-on-year revenue growth, contributing 8% to the company's total consolidated revenues, highlighting strong adoption trends in electric mobility systems.
-
The company has secured significant new orders, including a major order for two-wheeler lighting products with an annual peak value of approximately INR450 crore, expected to enhance its market position.
Negative Points
-
The company faces challenges from geopolitical uncertainties and commodity price volatility, which could impact future performance.
-
There is a potential impact on margins due to rising input costs, including a significant increase in labor costs in regions like Haryana and Gujarat.
-
UNO Minda Ltd ( BOM:532539 ) is experiencing near-term moderation in alloy wheel penetration due to shifts in customer vehicle mix and preferences.
-
The company is undertaking significant capital expenditure, with INR1,750 crore planned for FY27, which could strain resources and execution capabilities.
-
Despite strong performance, the company acknowledges potential pressures on margins due to start-up costs associated with new plants and ongoing cost challenges.
Q & A Highlights
Q: Can you explain the rationale behind setting up a second EV components plant in Maharashtra while the first one is still under construction? A: Sunil Bohra, Group CFO: We have strong visibility on new business for both EDU and DST, with strategic partnerships in place. The second plant is necessary due to customer proximity and space constraints at the first plant. The phased commissioning of the plants will allow us to manage resources effectively.
Q: What are the expected growth and execution plans for the significant CapEx in FY27? A: Sunil Bohra, Group CFO: We have separate business teams for each project, ensuring focused execution. The CapEx will support market growth and strategic business wins, such as a significant two-wheeler lighting order. We expect to meet market growth and increase our share of business.
Q: How did commodity inflation and other factors impact margins in Q4, and what is the outlook for Q1? A: Sunil Bohra, Group CFO: Q4 margins were affected by price settlements and inventory costs. We anticipate a significant impact in Q1 due to commodity inflation, but we are negotiating with customers for shorter price adjustment cycles to mitigate this.
Q: Can you provide insights into the alloy wheel penetration trends and labor cost impacts? A: Sunil Bohra, Group CFO: Two-wheeler alloy wheel penetration is around 70%, and four-wheeler is about 40%. Labor cost increases, particularly in Haryana and Gujarat, are significant, and we are working with customers to address these impacts.
Q: What is the potential revenue from the new four-wheeler EV plants, and how does this align with your strategic goals? A: Sunil Bohra, Group CFO: The combined CapEx for the EV plants and casting facility is around INR1,200 crore, with expected revenues exceeding INR2,500 crore. This aligns with our strategy to expand in high-growth areas and meet customer demand.
For the complete transcript of the earnings call, please refer to the full earnings call transcript .
