Uno Minda Limited reported strong financial results for the third quarter of fiscal year 2025, ending December 31, 2024. The company experienced substantial revenue growth, outperforming the industry, and announced capital expenditure for capacity expansion. Driven by growth in multiple business segments, Uno Minda's performance reflects the positive trends within the Indian automotive industry. Key company leaders expressed optimism about future growth and innovation.

Uno Minda's consolidated revenue for Q3 FY25 reached INR4,184 crore, a 19% increase compared to INR3,523 crore in Q3 FY24. This growth surpassed the industry average volume growth of 7%. The company's EBITDA for the same quarter rose by 20% to INR 457 crore from INR 380 crore in the previous year. Profit after tax (UML Share) saw a 21% increase, reaching INR 233 crore compared to INR 193 crore in Q3 FY24. Growth was fueled by various business segments, including Lighting, Switches, Casting, EV products, Sensors, and Controllers.

April-December revenue

For the nine months ended December 31, 2024, Uno Minda reported a revenue of INR 12,246 crore, a 20% increase from INR 10,237 crore in the same period of FY24. EBITDA for 9M FY25 reached INR 1,347 crore, marking a 21% growth compared to INR 1,111 crore in 9M FY24. Profit after tax (UML Share) for the nine months grew by 15% to INR 677 crore from INR 588 crore.

Uno Minda's expansion plans

The company's board approved a capital expenditure of INR72 crore to expand its aluminum die-casting facility in Hosur. This investment will increase the facility's capacity from 11,000 metric tons per annum to 15,000 metric tons per annum. This expansion aims to address increasing demand and business nominations. The enhanced capacity is anticipated to be operational in phases, starting in the fourth quarter of FY26.

Nirmal K Minda, CMD, Uno Minda Group, commented on the current state of the Indian automotive industry. “The Indian automotive industry is on a path of rapid evolution, driven by innovation, sustainability, and a favourable economic environment.” He highlighted the company's participation in the Auto Expo Component Show 2025, showcasing products aligned with future trends.

Sunil Bohra, Group CFO, Uno Minda Group, discussed the company's financial performance. He noted the continued outperformance in Q3 FY25. “We continued our outperformance during Q3FY25 with growth of 19% in consolidated revenues and 21% growth in PAT (UML Share).” Bohra highlighted the company's strategic focus as drivers of its success. “Our strategic focus on innovation, diversification, and operational efficiency continues to drive our upward trajectory, solidifying our position as a market leader in the automotive components sector.” He expressed confidence in these strategies. “These initiatives position us for sustainable revenue growth and, most importantly, the creation of long-term value for our stakeholders.”

The growth experienced by Uno Minda across various business segments signals a positive trajectory for the company within the evolving automotive landscape. The company's investments in capacity expansion and its focus on innovation further strengthen its position in the market.