Uno Minda has announced a strong Q2 FY26, reporting a 13.4% year-on-year revenue growth, reaching INR 4,814 crores. EBITDA grew by 14% to INR 552 crores. The company saw growth across various segments including switches, lighting, and seating systems, along with emerging segments like sensors and ADAS. Profit after tax attributable to shareholders stood at INR 304 crores, a 24% increase.
Financial Performance Highlights
Uno Minda delivered a robust financial performance for Q2 FY26, achieving record quarterly revenues and profitability. Key highlights include:
- Consolidated Revenue: Stood at INR 4,814 crores, a 13.4% year-on-year increase.
- EBITDA: Grew by approximately 14% to INR 552 crores, with improved margins of 11.5%.
- Profit After Tax: Attributable to shareholders was INR 304 crores, reflecting a healthy 24% year-on-year growth.
Segmental Performance
The company experienced healthy traction across its core product lines:
- Switching Systems: Reported revenues of INR 1,176 crores, an 11% year-on-year growth.
- Lighting Systems: Recorded revenues of INR 1,106 crores, contributing substantially to consolidated revenues with a 14% growth.
- Casting Business: Generated revenues of INR 917 crores, a 9% year-on-year increase.
- Seating Systems: Reported revenues of INR 354 crores, contributing 7% to the consolidated top line with an impressive 22% year-on-year growth.
- Acoustics: Reported revenues of INR 190 crores, contributing 4% to the consolidated top line.
- Other Product Businesses: Recorded revenues of INR 1,070 crores, a year-on-year growth of 18%.
Key Growth Drivers
Several factors contributed to Uno Minda’s strong performance:
- Healthy traction across core product lines.
- Accelerating momentum in emerging segments.
- Ramp-up from recently commissioned new capacities.
- Increase in electric passenger vehicle sales, translating to an EV penetration rate of around 5% in Q2 FY26.
- Growth in the 2-wheeler segment, supported by higher economic activity.
- Robust growth in the 3-wheeler segment.
- Growth in CV segment.
Investments and Expansion
Uno Minda is actively investing in building capacities and expanding its product lines. Key investments include:
- Construction of a new greenfield facility for high-voltage EV powertrain components under a joint venture with Inovance Automotive.
- First phase of 4-alloy wheel facility at Kharkhoda with capacity of 60,000 wheels per month is now under commissioning.
Aftermarket and International Business
- Aftermarket Business: Reported revenues of INR 332 crores.
- SPD (Spare Part Division): Stood at INR 260 crores.
- International Business: Contributed approximately 9% of total revenue.
Debt and Equity
- Net Debt: INR 2,362 crores as of September 30, 2025.
- Net Debt to Equity: Stands at 0.36.
- ROCE: Achieved 19.6%.
ESG Initiatives
Uno Minda continues to strengthen its commitment to sustainability through defined ESG goals, targeting 60% renewable energy by 2030 and carbon neutrality by 2040. The company operates 38 rooftop solar power plants across India.
Source: BSE
