Uno Minda Limited has announced robust financial results for the first quarter of FY27, with consolidated revenue from operations reaching ₹5,557 crore, a substantial 26% year-on-year increase. This growth, driven by broad-based expansion across core product offerings and key segments like switches, lighting, and EV systems, underscores the company’s strong market performance. The company also highlighted strategic investments and new business wins, positioning it for sustained growth.
Uno Minda Reports Strong Q1 FY27 Performance
Uno Minda Limited has announced impressive financial results for the first quarter of FY27, ending June 30, 2026. The company reported consolidated revenue from operations of ₹5,557 crore, marking a robust 26% year-on-year growth compared to ₹4,420 crore in the same period last year. This expansion was fueled by value-added features and volume increases across its core product lines, including switches, lighting, alloy wheels, seating, and its rapidly growing EV systems and alternative fuel divisions.
Profitability and Margins
On the profitability front, EBITDA, excluding exceptional income from the previous year, grew by 21% year-on-year to ₹572 crore, with EBITDA margins at 10.3%. The company noted that commodity and gas price inflation, along with increased employee costs, impacted margins. However, these headwinds were largely offset by operational efficiencies and operating leverage. Uno Minda remains confident in its annual EBITDA margin guidance of 11% plus/minus 50 basis points.
Key Segmental Performance
The company highlighted strong performance across various business segments. The Switching System vertical achieved revenue of ₹1,335 crore, up 20% year-on-year. The Lighting System vertical reported revenues of ₹1,153 crore, a 14% increase, supported by sustained market share gains and rising EV penetration. The Casting business emerged as the fastest-growing vertical, with revenue reaching ₹1,090 crore, up 32% year-on-year. The Seating System vertical also showed strong upward trajectory with revenue at ₹408 crore, up 28%. The newly constituted Green Mobility vertical achieved a robust 78% year-on-year revenue growth, reaching ₹542 crore.
Strategic Initiatives and Future Outlook
Uno Minda is actively pursuing strategic initiatives to drive future growth. The company is investing in new facilities, including a greenfield manufacturing facility in Chhatrapati, Sambhajinagar for the 4-wheel passenger vehicle seating systems segment, with an investment of approximately ₹320 crore. The company also secured new business nominations, including a global OEM for domestic 4-wheel lighting supply and an INR 400 crore order for new business plus switches and labs. The outlook for the automotive industry remains constructive, with Uno Minda aiming to outperform industry volumes through market share gains, increasing content per vehicle, and localization of advanced technologies.
Capital Expenditure Plans
The company reaffirmed its capital expenditure plans, with approximately ₹1,750 crore allocated for the current fiscal year. A significant portion of a total project pipeline valued at approximately ₹3,800 crore is expected to be spent over the next 18 to 24 months, indicating a strong commitment to capacity expansion and technological advancement.
Source: BSE
