Q2FY24 Quarterly & H1FY24 Bi-Annual Result Announced for UNO Minda Ltd.
Auto Parts & Equipment company UNO Minda announced Q2FY24 & H1FY24 results: Consolidated Q2FY24: Revenue of Rs 3,621 crore, YoY growth of 26% EBITDA of Rs 402 crore, YoY growth of 26% PBT of Rs 258 crore, YoY growth of 24% PAT (UNO Minda share) at Rs 225 crore, YoY growth of 32% Reported highest-ever quarterly consolidated revenue and PAT Announced setting up a new Greenfield 4Wheeler Alloy wheel Plant with a capacity of 1,20,000 GDC alloy wheels per month in a phased manner Consolidated H1FY24: The Company reported achieved consolidated revenues of Rs 6,714 crore for H1FY24, registering a growth of 24% on a YoY basis. EBIDTA for H1FY24 grew by 25% at Rs 732 crore. Profit after tax which is UNO Minda’s share for H1FY24 was at Rs 398 crore as against Rs 309 crore in H1FY23 reporting a growth of 29%. Nirmal K Minda, CMD, Uno Minda Group says, “Indian automotive industry is experiencing a transformational shift towards premium vehicles, cleaner fuel, and electrification as it navigates a rapidly changing global market. Our continued focus on innovation, customer-centric approach, and strong operational and financial discipline have propelled us to achieve the highest quarterly revenue and profit in yet another quarter. Indian Automotive Industry is on the cusp of tremendous growth in the coming years moving towards its true potential. We are confident of seizing this opportunity and leading the automotive industry not only in our traditional products segment but also emerging technologies thereby creating significant value addition for all our stakeholders." Sunil Bohra, CFO, Uno Minda Group says, “Uno Minda Limited continues to showcase a robust quarterly performance, achieving a remarkable 26% year-on-year revenue growth despite a stagnant industry volume. Our extensive and inventive product range has firmly established us as the preferred supplier for both domestic and international OEMs. We have been consistently bolstering our technological capabilities and production capacities to align with the ever-changing demands of our customers. Our recent greenfield expansion in the 4W alloy wheel segment is another strategic move, positioning us to harness the burgeoning growth opportunities in this market.” Result PDF08-11-2023