UNO Minda Ltd.
UNOMINDAConsumer Discretionary filings
We hold this company’s filings and have not read the financial statements out of them yet. Every filing on record is listed under filings, and each one opens.
Earnings calls
18 transcript(s)/analyst meet(s) served; 0 document(s) on file are not transcripts (cover letters, duplicates, unresolved) and are excluded. Speaker attribution is shown only where the segmenter attributes ≥ 95% of sentences to management or analysts (0 of 18 documents here); elsewhere sentences render unattributed.
| Kind | Date | Period | Served | Attribution rate |
|---|---|---|---|---|
| TRANSCRIPT | 20220530 | 2022-03-31 | yes | |
| TRANSCRIPT | 20220816 | 2022-06-30 | yes | |
| TRANSCRIPT | 20221116 | 2022-09-30 | yes | |
| TRANSCRIPT | 20230215 | 2022-12-31 | yes | |
| TRANSCRIPT | 20230525 | 2023-03-31 | yes | |
| TRANSCRIPT | 20230816 | 2023-06-30 | yes | |
| TRANSCRIPT | 20231111 | 2023-09-30 | yes | |
| TRANSCRIPT | 20240213 | 2023-12-31 | yes | |
| TRANSCRIPT | 20240529 | 2024-03-31 | yes | |
| TRANSCRIPT | 20240812 | 2024-06-30 | yes | |
| TRANSCRIPT | 20241116 | 2024-09-30 | yes | |
| TRANSCRIPT | 20250212 | 2024-12-31 | yes | |
| TRANSCRIPT | 20260210 | 2024-12-31 | yes | |
| TRANSCRIPT | 20250527 | 2025-03-31 | yes | |
| TRANSCRIPT | 20250812 | 2025-06-30 | yes | |
| TRANSCRIPT | 20251113 | 2025-09-30 | yes | |
| TRANSCRIPT | 20260522 | 2026-03-31 | yes | |
| TRANSCRIPT | 20260810 | 2026-06-30 | yes |
UNOMINDA
files the standard Schedule III statements. Every figure below opens to the filing it was read from; where a figure is not shown, the reason is printed in its place.
Identity
| Statement division | general |
| Scope served | consolidated |
| Panels on this page | 4 |
Market
The closes are adjusted for every split and bonus on record inside the period this series covers, and each adjustment is checked against the price move on its ex-date.
| Last close | 1,224.40 |
| 52-week range | 1013.2 – 1366.3 |
| Return 1M | -2.31% |
| Return 3M | 7.73% |
| Return 1Y | -6.45% |
| Return 3Y | 103.95% |
| Return 5Y | 232.63% |
| Market capitalisation | not shown — we could not confirm it |
| Shares outstanding | not shown — we could not confirm it |
| P/E | not shown — we could not confirm it |
| P/B | not shown — we could not confirm it |
| EV/EBITDA | not shown — we could not confirm it |
Latest quarter filed — period ending 2026-06-30
In INR crore except per-share figures. `period_id` is the period the filing names for the number; the date beside each cell is when it was filed.
| Revenue from operations | 5,557.00 |
| Other income | 6.00 |
| Total income | 5,563.00 |
| Cost of materials consumed | 3,540.00 |
| Purchases of stock-in-trade | 282.00 |
| Changes in inventories | -115.00 |
| Employee benefit expense | 719.00 |
| Finance costs | 46.00 |
Ownership — 2026-06-30, and the change from 2026-03-31
| Holder | Per cent | Change |
|---|---|---|
| promoter and promoter group | 0.68 | -0.00 |
| institutions foreign | 0.08 | -0.01 |
| institutions domestic | 0.18 | 0.01 |
| mutual funds | 0.12 | -0.00 |
| public | 0.32 | 0.00 |
Documents on file
| Class | Most recent | On file |
|---|---|---|
| TRANSCRIPT | 2026-06-30 | 18 |
Financial statements
Filed results, consolidated, in INR crore except per-share figures. Every figure opens to the filing it was read from. Quarterly and annual columns are the periods the filing itself names, never a document date.
Quarterly results, as filed
| Line | 2022-06-30 | 2022-09-30 | 2022-12-31 | 2023-03-31 | 2023-06-30 | 2023-09-30 | 2023-12-31 | 2024-03-31 | 2024-06-30 | 2024-09-30 | 2024-12-31 | 2025-06-30 | 2025-09-30 | 2025-12-31 | 2026-03-31 | 2026-06-30 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue from operations | 2,555.00 | 2,877.00 | 2,915.00 | 2,889.00 | 3,093.00 | 3,621.00 | 3,523.00 | 3,794.00 | 3,818.00 | 4,245.00 | 4,184.00 | 4,489.00 | 4,814.00 | 5,018.00 | 5,336.00 | 5,557.00 |
| Other income | 10.00 | 16.00 | 4.00 | 19.00 | 8.00 | 9.00 | 8.00 | 9.00 | 11.00 | 2.00 | 8.00 | 12.00 | 13.00 | 4.00 | 6.00 | 6.00 |
| Total income | 2,565.00 | 2,893.00 | 2,919.00 | 2,908.00 | 3,100.00 | 3,630.00 | 3,531.00 | 3,803.00 | 3,829.00 | 4,247.00 | 4,192.00 | 4,501.00 | 4,827.00 | 5,022.00 | 5,342.00 | 5,563.00 |
| Cost of materials consumed | 1,427.00 | 1,593.00 | 1,544.00 | 1,867.00 | 1,747.00 | 2,107.00 | 2,071.00 | 2,247.00 | 2,248.00 | 2,462.00 | 2,543.00 | 2,664.00 | 2,871.00 | 3,187.00 | 3,262.00 | 3,540.00 |
| Purchases of stock-in-trade | 274.00 | 303.00 | 347.00 | 91.00 | 127.00 | 338.00 | 283.00 | 242.00 | 243.00 | 205.00 | 351.00 | 253.00 | 178.00 | 167.00 | 244.00 | 282.00 |
| Changes in inventories | -45.00 | -30.00 | -48.00 | -98.00 | 113.00 | -68.00 | -64.00 | -79.00 | -30.00 | 87.00 | -155.00 | -81.00 | 44.00 | -135.00 | -25.00 | -115.00 |
| Employee benefit expense | 341.00 | 365.00 | 371.00 | 383.00 | 424.00 | 449.00 | 454.00 | 452.00 | 516.00 | 528.00 | 534.00 | 624.00 | 636.00 | 659.00 | 664.00 | 719.00 |
| Finance costs | 17.00 | 19.00 | 13.00 | 21.00 | 25.00 | 27.00 | 29.00 | 32.00 | 36.00 | 46.00 | 47.00 | 44.00 | 45.00 | 53.00 | 45.00 | 46.00 |
| Depreciation and amortisation | 99.00 | 107.00 | 115.00 | 108.00 | 119.00 | 125.00 | 133.00 | 149.00 | 142.00 | 151.00 | 158.00 | 159.00 | 173.00 | 179.00 | 192.00 | 177.00 |
| Other expenses | 292.00 | 328.00 | 363.00 | 327.00 | 352.00 | 394.00 | 398.00 | 459.00 | 433.00 | 481.00 | 453.00 | 486.00 | 535.00 | 587.00 | 589.00 | 560.00 |
| Total expenses | 2,406.00 | 2,685.00 | 2,705.00 | 2,699.00 | 2,907.00 | 3,372.00 | 3,304.00 | 3,501.00 | 3,588.00 | 3,959.00 | 3,932.00 | 4,149.00 | 4,481.00 | 4,696.00 | 4,970.00 | 5,208.00 |
| Profit before exceptional items and tax | 159.00 | 208.00 | 215.00 | 209.00 | 194.00 | 258.00 | 226.00 | 302.00 | 241.00 | 288.00 | 261.00 | 352.00 | 346.00 | 325.00 | 372.00 | 355.00 |
| Exceptional items | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 27.00 | 0.00 | 9.00 | 0.00 | 0.00 | 0.00 | -28.00 | 0.00 | 0.00 |
| Profit before tax | 159.00 | 208.00 | 215.00 | 209.00 | 194.00 | 258.00 | 226.00 | 329.00 | 241.00 | 296.00 | 261.00 | 352.00 | 346.00 | 298.00 | 372.00 | 355.00 |
| Current tax | 43.00 | 56.00 | 67.00 | 56.00 | 49.00 | 78.00 | 55.00 | 105.00 | 74.00 | 86.00 | 59.00 | 94.00 | 94.00 | 78.00 | 101.00 | 92.00 |
| Deferred tax | -12.00 | -1.00 | -1.00 | -16.00 | -6.00 | -5.00 | 10.00 | -20.00 | -8.00 | -7.00 | -12.00 | -4.00 | -7.00 | -6.00 | -16.00 | -4.00 |
| Tax expense | 31.00 | 55.00 | 66.00 | 40.00 | 44.00 | 73.00 | 65.00 | 85.00 | 67.00 | 78.00 | 47.00 | 90.00 | 86.00 | 71.00 | 84.00 | 87.00 |
| Profit for the period | 150.00 | 182.00 | 174.00 | 194.00 | 180.00 | 238.00 | 205.00 | 302.00 | 211.00 | 266.00 | 254.00 | 309.00 | 323.00 | 300.00 | 352.00 | 316.00 |
| Profit attributable to owners | 139.00 | 170.00 | 162.00 | 183.00 | 173.00 | 225.00 | 193.00 | 289.00 | 199.00 | 245.00 | 233.00 | 291.00 | 304.00 | 277.00 | 326.00 | 296.00 |
| Profit attributable to non-controlling interests | 11.00 | 12.00 | 12.00 | 11.00 | 7.00 | 13.00 | 12.00 | 13.00 | 12.00 | 21.00 | 22.00 | 18.00 | 19.00 | 24.00 | 26.00 | 20.00 |
| Other comprehensive income | 6.00 | 18.00 | 42.00 | 13.00 | -22.00 | -25.00 | -13.00 | 23.00 | -11.00 | -9.00 | -21.00 | 4.00 | -4.00 | 1.00 | 13.00 | -9.00 |
| Total comprehensive income | 155.00 | 200.00 | 216.00 | 207.00 | 158.00 | 212.00 | 192.00 | 325.00 | 200.00 | 257.00 | 234.00 | 313.00 | 318.00 | 301.00 | 365.00 | 307.00 |
| Earnings per share, basic | 2.43 | 2.97 | 2.84 | 3.19 | 3.01 | 3.93 | 3.38 | 5.04 | 3.47 | 4.27 | 4.05 | 5.06 | 5.28 | 4.80 | 5.65 | 5.12 |
| Earnings per share, diluted | 2.42 | 2.96 | 2.83 | 3.18 | 3.00 | 3.92 | 3.37 | 5.03 | 3.46 | 4.26 | 4.04 | 5.05 | 5.27 | 4.79 | 5.64 | 5.11 |
Annual results, as filed
| Line | 2018-03-31 | 2019-03-31 | 2020-03-31 | 2021-03-31 | 2022-03-31 | 2023-03-31 | 2024-03-31 | 2026-03-31 |
|---|---|---|---|---|---|---|---|---|
| Revenue from operations | 4,548.00 | 5,908.00 | 5,465.00 | 6,374.00 | 8,313.00 | 11,236.00 | 14,031.00 | 19,658.00 |
| Other income | 33.00 | 27.00 | 39.00 | 47.00 | 63.00 | 49.00 | 34.00 | 34.00 |
| Total income | 4,582.00 | 5,935.00 | 5,504.00 | 6,421.00 | 8,376.00 | 11,285.00 | 14,065.00 | 19,692.00 |
| Cost of materials consumed | 2,342.00 | 3,100.00 | 2,693.00 | 3,456.00 | 4,348.00 | 6,431.00 | 8,171.00 | 11,983.00 |
| Purchases of stock-in-trade | 454.00 | 559.00 | 605.00 | 529.00 | 1,005.00 | 1,015.00 | 990.00 | 841.00 |
| Changes in inventories | -33.00 | -36.00 | -14.00 | -66.00 | -81.00 | -221.00 | -97.00 | -198.00 |
| Employee benefit expense | 587.00 | 791.00 | 847.00 | 982.00 | 1,207.00 | 1,460.00 | 1,779.00 | 2,583.00 |
| Finance costs | 35.00 | 63.00 | 90.00 | 74.00 | 62.00 | 70.00 | 113.00 | 187.00 |
| Depreciation and amortisation | 165.00 | 234.00 | 302.00 | 375.00 | 392.00 | 430.00 | 526.00 | 704.00 |
| Other expenses | 664.00 | 769.00 | 715.00 | 748.00 | 949.00 | 1,310.00 | 1,603.00 | 2,197.00 |
| Total expenses | 4,214.00 | 5,480.00 | 5,238.00 | 6,098.00 | 7,882.00 | 10,494.00 | 13,085.00 | 18,297.00 |
| Profit before exceptional items and tax | 367.00 | 455.00 | 266.00 | 323.00 | 494.00 | 791.00 | 980.00 | 1,395.00 |
| Exceptional items | 38.00 | 0.00 | -14.00 | 2.00 | 0.00 | 0.00 | 27.00 | -28.00 |
| Profit before tax | 405.00 | 455.00 | 252.00 | 325.00 | 494.00 | 791.00 | 1,006.00 | 1,368.00 |
| Current tax | 85.00 | 115.00 | 89.00 | 98.00 | 159.00 | 222.00 | 288.00 | 366.00 |
| Deferred tax | 13.00 | 19.00 | -11.00 | 2.00 | -12.00 | -31.00 | -21.00 | -33.00 |
| Tax expense | 98.00 | 134.00 | 78.00 | 101.00 | 147.00 | 191.00 | 267.00 | 332.00 |
| Profit for the period | 331.00 | 339.00 | 188.00 | 248.00 | 413.00 | 700.00 | 925.00 | 1,284.00 |
| Profit attributable to owners | 310.00 | 286.00 | 155.00 | 207.00 | 356.00 | 654.00 | 880.00 | 1,197.00 |
| Profit attributable to non-controlling interests | 21.00 | 54.00 | 33.00 | 42.00 | 57.00 | 47.00 | 44.00 | 87.00 |
| Other comprehensive income | 5.00 | -1.00 | -2.00 | 15.00 | 22.00 | 78.00 | -38.00 | 13.00 |
| Total comprehensive income | 336.00 | 339.00 | 186.00 | 263.00 | 435.00 | 778.00 | 887.00 | 1,297.00 |
| Earnings per share, basic | 35.89 | 10.90 | 5.91 | 7.73 | 12.64 | 11.42 | 15.36 | 20.78 |
| Earnings per share, diluted | 35.78 | 10.90 | 5.91 | 7.41 | 12.59 | 11.37 | 15.34 | 20.75 |
Balance sheet, as filed
| Line | 2022-09-30 | 2023-03-31 | 2023-09-30 | 2024-03-31 | 2024-09-30 | 2025-09-30 | 2026-03-31 |
|---|---|---|---|---|---|---|---|
| Total assets | 7,670.00 | 8,309.00 | 9,077.00 | 9,903.00 | 10,937.00 | 12,768.00 | 13,705.00 |
| Non-current assets | 4,112.00 | 4,741.00 | 5,028.00 | 5,393.00 | 5,980.00 | 7,126.00 | 7,707.00 |
| Current assets | 3,557.00 | 3,566.00 | 4,049.00 | 4,505.00 | 4,957.00 | 5,641.00 | 5,996.00 |
| Property, plant and equipment | 2,465.00 | 2,726.00 | 2,744.00 | 3,345.00 | 3,483.00 | 4,171.00 | 4,428.00 |
| Capital work-in-progress | 126.00 | 291.00 | 260.00 | 214.00 | 295.00 | 546.00 | 739.00 |
| Goodwill | 282.00 | 310.00 | 310.00 | 338.00 | 343.00 | 354.00 | 356.00 |
| Other intangible assets | 270.00 | 268.00 | 625.00 | 247.00 | 649.00 | 260.00 | 242.00 |
| Inventories | 1,232.00 | 1,331.00 | 1,435.00 | 1,638.00 | 1,739.00 | 1,800.00 | 2,131.00 |
| Trade receivables | 1,678.00 | 1,723.00 | 1,907.00 | 2,065.00 | 2,289.00 | 2,658.00 | 2,706.00 |
| Cash and cash equivalents | 238.00 | 121.00 | 175.00 | 241.00 | 208.00 | 297.00 | 277.00 |
| Total equity and liabilities | 7,670.00 | 8,309.00 | 9,077.00 | 9,903.00 | 10,937.00 | 12,768.00 | 13,705.00 |
| Equity | 4,095.00 | 4,434.00 | 4,738.00 | 5,265.00 | 5,679.00 | 6,611.00 | 7,260.00 |
| Equity share capital | 115.00 | 115.00 | 115.00 | 115.00 | 115.00 | 115.00 | 115.00 |
| Other equity | 3,639.00 | 4,041.00 | 4,330.00 | 4,828.00 | 5,211.00 | 6,113.00 | 6,714.00 |
| Total liabilities | 3,574.00 | 3,874.00 | 4,339.00 | 4,638.00 | 5,258.00 | 6,157.00 | 6,445.00 |
| Non-current liabilities | 703.00 | 922.00 | 1,033.00 | 965.00 | 1,352.00 | 1,913.00 | 1,443.00 |
| Current liabilities | 2,871.00 | 2,952.00 | 3,306.00 | 3,673.00 | 3,906.00 | 4,244.00 | 5,001.00 |
| Borrowings, non-current | 362.00 | 581.00 | 705.00 | 696.00 | 1,033.00 | 1,540.00 | 1,069.00 |
| Borrowings, current | 609.00 | 670.00 | 730.00 | 877.00 | 940.00 | 1,126.00 | 1,468.00 |
| Trade payables | 1,703.00 | 1,701.00 | 1,944.00 | 1,992.00 | 2,116.00 | 2,282.00 | 2,582.00 |
Cash flow, as filed
| Line | 2022-03-31 | 2022-09-30 | 2023-03-31 | 2023-09-30 | 2024-03-31 | 2024-09-30 | 2025-09-30 | 2026-03-31 |
|---|---|---|---|---|---|---|---|---|
| Net cash from operating activities | 383.00 | 281.00 | 798.00 | 478.00 | 979.00 | 441.00 | 678.00 | 1,720.00 |
| Net cash from investing activities | -699.00 | -341.00 | -1,186.00 | -485.00 | -953.00 | -718.00 | -826.00 | -1,652.00 |
| Net cash from financing activities | 311.00 | 96.00 | 301.00 | 61.00 | 92.00 | 194.00 | 248.00 | 10.00 |
| Purchase of property, plant and equipment | 578.00 | 218.00 | 970.00 | 535.00 | 1,049.00 | 845.00 | 787.00 | 1,572.00 |
| Net increase in cash | -3.00 | 36.00 | -81.00 | 54.00 | 119.00 | -82.00 | 99.00 | 79.00 |
| con:CFO.BEFORE_TAX | 520.00 | 375.00 | 1,009.00 | 609.00 | 1,255.00 | 635.00 | 862.00 | 2,084.00 |
| con:INTEREST_RECEIVED.OPERATING | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| con:INTEREST_PAID.OPERATING | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| con:DIVIDENDS_RECEIVED.OPERATING | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| con:TAX_PAID.OPERATING | 137.00 | 94.00 | 211.00 | 131.00 | 275.00 | 193.00 | 184.00 | 363.00 |
| con:CF_OTHER.OPERATING | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| con:INVESTMENTS_PURCHASED | 0.00 | 122.00 | 122.00 | 0.00 | 10.00 | 0.00 | 0.00 | 0.00 |
| con:INVESTMENTS_SOLD | 0.00 | 10.00 | 0.00 | 2.00 | 2.00 | 0.00 | 0.00 | 0.00 |
| con:PPE_DISPOSALS | 13.00 | 0.00 | 0.00 | 2.00 | 0.00 | 8.00 | 5.00 | 56.00 |
| con:CF_INVESTING.SUBSIDIARIES_SOLD | 0.00 | 0.00 | 0.00 | 0.00 | 2.00 | 0.00 | 0.00 | 0.00 |
| con:CF_INVESTING.SUBSIDIARIES_ACQUIRED | 27.00 | 25.00 | 116.00 | 0.00 | 12.00 | 18.00 | 143.00 | 201.00 |
| con:CF_INVESTING.JV_SOLD | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| con:CF_INVESTING.JV_ACQUIRED | 115.00 | 0.00 | 25.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
Who owns it
The shareholding pattern filed with the exchange every quarter, as a series. Percentages are of total shares. Each figure names the filing it was read from and the date it was filed.
| Holder | 2023-03-31 | 2023-06-30 | 2023-09-30 | 2023-12-31 | 2024-03-31 | 2024-06-30 | 2024-09-30 | 2024-12-31 | 2025-03-31 | 2025-06-30 | 2025-09-30 | 2025-12-31 | 2026-03-31 | 2026-06-30 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Promoter and promoter group | 70.06 | 70.05 | 68.73 | 68.73 | 68.76 | 68.75 | 68.75 | 68.75 | 68.75 | 68.71 | 0.68 | 0.68 | 0.68 | 0.68 |
| Domestic institutions | 17.59 | 17.53 | 17.29 | 17.23 | 17.48 | 16.66 | 15.51 | 15.45 | 15.20 | 15.85 | 0.16 | 0.16 | 0.17 | 0.18 |
| Mutual funds | — | — | — | — | — | — | — | — | — | 13.43 | 0.13 | 0.12 | 0.12 | 0.12 |
| Insurance companies | 1.25 | 1.25 | 1.59 | 1.54 | 2.03 | 2.09 | 1.97 | 1.91 | 2.09 | 2.19 | 0.02 | 0.02 | 0.02 | 0.03 |
| Foreign institutions | 6.30 | 6.51 | 7.79 | 7.95 | 7.57 | 8.65 | 9.70 | 9.88 | 10.09 | 9.59 | 0.10 | 0.10 | 0.09 | 0.08 |
| Government | — | — | — | — | — | — | — | — | — | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Public | 29.94 | 29.95 | 31.27 | 31.27 | 31.24 | 31.25 | 31.25 | 31.25 | 31.25 | 31.29 | 0.32 | 0.32 | 0.32 | 0.32 |
| Non-institutional | 6.05 | 5.91 | 6.19 | 6.10 | 6.19 | 5.94 | 6.04 | 5.91 | 5.95 | 5.85 | 0.06 | 0.06 | 0.06 | 0.06 |
| Shares outstanding | 573013714 | 573063788 | 573169940 | 573219104 | 574094575 | 574163845 | 574163845 | 574163845 | 574163845 | 574522602 | 576708983 | 577051590 | 577421816 | 577467206 |
Related parties
Transactions with related parties as disclosed to the exchange for the period ending 2024-09-30, by counterparty, largest first. Amounts are as filed. Each row names the filing and the date it was filed.
| Counterparty | Relationship | Type | Amount in the period | Transactions |
|---|---|---|---|---|
| DENSO TEN UNO MINDA INDIA PRIVATE LIMITED (FORMERLY KNOWN AS | Joint Venture | Any other transaction, Dividend received, Investment | 4,435,100,000.00 | 21 |
| UNO MINDA KATOLEC ELECTRONICS SERVICES PRIVATE LIMITED (FORM | Subsidiary | Any other transaction, Investment, Purchase of goods | 2,683,800,000.00 | 8 |
| APJ INVESTMENTS PRIVATE LIMITED | Promoter Group | Any other transaction, Purchase of goods or services | 2,109,500,000.00 | 16 |
| SAMAIRA ENGINEERING (PARTNERSHIP FIRM) | Subsidiary (Partnership Firm) | Any other transaction, Investment, Purchase of goods | 1,560,700,000.00 | 8 |
| MITIL POLYMER PRIVATE LIMITED | Step-Down Subsidiary | Any other transaction, Investment, Loan, Purchase of | 1,509,700,000.00 | 13 |
| TOKAI RIKA MINDA INDIA PRIVATE LIMITED | Associate | Any other transaction, Dividend received, Investment | 1,473,800,000.00 | 10 |
| TOYODA GOSEI UNO MINDA INDIA PRIVATE LIMITED (FORMERLY KNOWN | Joint Venture | Any other transaction, Dividend received, Investment | 931,300,000.00 | 11 |
| ROKI UNO MINDA CO. PRIVATE LIMITED (FORMERLY KNOWN AS ROKI M | Joint Venture | Any other transaction, Dividend received, Investment | 886,500,000.00 | 7 |
| MINDA INFRASTRUCTURE LLP | Promoter Group | Any other transaction, Purchase of fixed assets, Pur | 833,200,000.00 | 9 |
| YA AUTO INDUSTRIES (PARTNERSHIP FIRM) | Subsidiary (Partnership Firm) | Any other transaction, Investment, Purchase of goods | 769,200,000.00 | 8 |
| DENSO TEN LIMITED | Venturer | Any other transaction, Dividend paid, Purchase of go | 689,000,000.00 | 4 |
| AUTO COMPONENTS (PARTNERSHIP FIRM) | Subsidiary (Partnership Firm) | Any other transaction, Investment, Purchase of goods | 645,900,000.00 | 10 |
| UNO MINDARIKA PRIVATE LIMITED (FORMERLY KNOWN AS MINDARIKA P | Subsidiary | Any other transaction, Investment, Purchase of goods | 567,100,000.00 | 17 |
| APJ TECHNOPLAST PRIVATE LIMITED | Promoter Group | Any other transaction, Purchase of goods or services | 380,100,000.00 | 11 |
| CLARTON HORN, S.A.U., SPAIN | Step-Down Subsidiary | Any other transaction, Investment, Loan, Purchase of | 324,300,000.00 | 11 |
What management said
Every earnings call we hold for this company, read in full. Prepared remarks are separated from the question-and-answer session and every paragraph names who said it and on which page. These are management’s own words, not filed figures.
| Date | Quarter | Who spoke | |
|---|---|---|---|
| 2026-08-10 | Q1FY27 | Mr. Sunil Bohra | Read the call |
| 2026-05-22 | Q4FY26 | Read the call | |
| 2026-02-10 | Q3FY25 | Read the call | |
| 2025-11-13 | Q2FY26 | Read the call | |
| 2025-08-12 | Q1FY26 | ----.:::>~IVING THE NEW-, OFFICER, UNO MINDA LIMITED, llJlt•)I MINDA l, uJlt•)I MINDA I | Read the call |
| 2025-05-27 | FYFY25 | --O~IVING THE NEW--, LIMITED, UNO MINDA LIMITED | Read the call |
| 2025-02-12 | Q3FY25 | OFFICER, UNO MINDA LIMITED, llJOt•J MINDA] | Read the call |
| 2024-11-16 | Q2FY25 | ----.::>r<!IVING THE NEW--, OFFICER, i!Ot•)I MINDA] | Read the call |
| 2024-08-12 | Q1FY25 | Read the call | |
| 2024-05-29 | Q4FY24 | OFFICER | Read the call |
| 2024-02-13 | Q3FY24 | ----C~IVING THE NEW-, ---C~IVING THE NEv,r-" | Read the call |
| 2023-11-11 | Q2FY24 | Read the call | |
| 2023-08-16 | Q1FY24 | – UNO MINDA LIMITED | Read the call |
| 2023-05-25 | Q4FY23 | – UNO MINDA LIMITED | Read the call |
| 2023-02-15 | Q3FY23 | Read the call | |
| 2022-11-16 | Q2FY23 | RELATIONS & CORPORATE COMMUNICATIONS, | Read the call |
| 2022-08-16 | Q1FY23 | LIMITED, RELATIONS & CORPORATE COMMUNICATIONS, | Read the call |
| 2022-05-30 | FYFY22 | – MINDA INDUSTRIES LIMITED | Read the call |
What they said about it, quarter by quarter
| Topic | Q2FY25 | Q2FY26 | Q3FY23 | Q3FY24 | Q3FY25 | Q4FY23 | Q4FY24 | Q4FY26 |
|---|---|---|---|---|---|---|---|---|
| Capex | Finance costs for the quarter increased to INR 46 crores due to higher borrowings to fund capex, land acquisition and increased working capital. | — | Net debt has increased marginally on account of increased working capital borrowings, consequent increase in revenues as well as due to some increment… | So, what happens is that the all these new businesses or new plants, plants initially for two to three years, they don't deliver the kind of return yo… | 47 crores due to higher borrowings to fund CAPEX, land acquisitions and working capital. | So in terms of four wheeler lighting as we said we have got around Rs.1,500 Crores of incremental orders this year so if you see since last two years … | Sir, on this lighting side first, just to continue the last question, I mean, if you look at the current quarter and just annualize it, so it implies … | With capacity utilization improving and private capex starting to kick in, we believe the domestic macroeconomic environment provides a stable flow fo… |
| Capital allocation | — | There is a large other income in the stand-alone financials, which is primarily the dividend income which it receives from its subsidiaries. | The Board has approved and declared interim dividend of INR 0.5 per share, which is 25% of face value, reflecting commitment from the company to retur… | — | Happy to inform, the board has also approved and declared interim dividend of 0.75 per share which is 37.5% of face value reflecting a commitment from… | My first question is on Harita if you can highlight that you know how has been the progress in winning orders from the Indian OEMs, the thought proces… | And for that INR225 crores, the land was already part of the first acquisition. | When combined with interim dividend already distributed, the total dividend for FY26 reaches INR 2.65 per share or roughly INR 153 crores. |
| Costs | — | — | — | — | — | — | — | We have managed to maintain these margins despite a volatile input cost environment, reflecting our disciplined focus on operational efficiencies. |
| Debt and cash | Moving to our cash flow and debt levels. | — | Moving to our cash flow and debt levels. | — | Our net debt as of December ‘24 was at Rs. | Yes, it has an immediate cash flow but it more than offsets the benefits going into future. | — | The net debt as of 31st March stood at INR 2,179 crores compared to INR 2,091 crores as on March '25. |
| Demand | To meet this demand, we have announced setting up of manufacturing facility in Indonesia under our wholly owned subsidiary, PTMA. | If you can throw some more light on the recent order wins, new OEMs that we are able to penetrate, order book, how we are looking at it? | The automobile industry, specifically PV segment, is also on a growth trajectory, supported by robust demand in both urban and rural sector. | So, what kind of peak revenue do we see in our lighting business by FY26 as per our current order book? | This positive performance was largely driven by robust demand in the two-wheeler whereas the PV segment contributed with marginal growth. | Right, so the order book which you mentioned will be excluding the Buehler orders? | And secondly, in terms of the EV order book, congratulations on the increase from 3,300 to 3,700. | Furthermore, the RBI's strategic repo cuts lower financing barriers, while the government's aggressive infrastructure push catalyzed demand across seg… |
| Guidance | We expect it will take a couple of months post-approval from NCLT to receive orders and file with ROC to complete the merger of Kosei. | Aditya, we don't give any vehicle volume guidance. | And we expect these volumes to be kicking in from FY '25, FY '26 range in terms of the annual numbers. | So, in terms of peak revenues, it's -- as of now it's a blue sky, we are already, this year, almost like INR 1,000 crores run rate, and we expect thes… | Despite these near-term challenges, the long-term outlook for two-wheeler and EV segment remains positive. | The capex for this year was higher than the guidance, this is mainly because land bank? | So, over a medium term, any guidance you want to share how you plan to ramp up like in 2- wheel as you mentioned earlier? | The outlook for 2026 has become increasingly complex. |
| Margin | EBITDA for the quarter was INR 482 crores, reflecting a 20% year-on-year increase. | Last question on margin, 11.5% in Q2 is a robust number despite the start-up cost. | EBITDA for the quarter was at INR 338 crores, improving by 44% from INR 235 crores year- on-year basis. | If you see the beginning of the year itself, we have guided our margin range of around 11% for next year or a couple of years, at least. | EBITDA margins improved to 10.9% in comparison to 10.8% in the corresponding quarter previous year. | This quarter the gross margin was low sequentially any reasons for those? | Thank you so much for the opportunity and congratulations on strong margin performance and entry into 4-wheel EV segment, sir. | On profitability front, EBITDA grew by 14% year-on-year to INR 603 crores with healthy EBITDA margins of 11.3%. |
| People | Second question is around capacity utilization at switches, castings and lighting division. | — | — | — | Sir, first question is on the lights business, both for lights and LMT, what will be the current capacity utilization and do you think with this new c… | — | — | — |
| Pricing | — | — | After two months of adrenaline rush, December '22 was relatively lull due to calendar year and with routine price hikes from OEMs. | — | And if you could also help us understand specific to alloy wheels, how much of the growth Y- o-Y was to do with aluminum-related price hikes that you … | — | Can you quantify the impact of price hike during this quarter, sir? | And not only commodity prices, we also know that some of the labor price increases like in Haryana, the prices have been increased by almost 35%, foll… |
| Revenue growth | Financials for H1 for FY '24, we have achieved consolidated revenues of INR 8,062 crores for the half year ending September '24, registering a growth … | So, from that segment perspective, EV is something which is driving the growth of LED. | PV, three-wheeler, and CV grew by 21%, 13% and 12%, respectively, Y-o-Y basis, while two-wheeler recorded a growth of near 1%. | We are currently constructing a new lighting plant in Pune, and that also the business capex is spread out over the next four to five years in order t… | For the quarter ending December ‘24, the Indian automobile industry demonstrated growth in Q3 FY25, achieving a steady year-on-year volume growth of a… | — | So we are very optimistic in terms of the growth of some of these businesses. | This growth was broad based, driven by volume expansion across most of our core product offerings. |
What they said they would do
Sentences in which management set an expectation. Each names the speaker and the page of the transcript it came from.
| Date | Quarter | Who | What they said |
|---|---|---|---|
| 2025-05-27 | FYFY25 | UNO MINDA LIMITED | Estimated impact of the same is likely to be around Rs.40 crores on an annual basis, though a similar amount shall be reduced in depreciation over a couple of years. |
| 2025-05-27 | FYFY25 | UNO MINDA LIMITED | This significantly outpaced the broader auto industry volume growth of 9% for the same period, transitioning into about 2x industry volume growth against the Company’s long- term guidance of 1.5x. |
| 2025-05-27 | FYFY25 | UNO MINDA LIMITED | Despite lot of plants, which are coming in operational next year and also in the phase of initial growth, we continue to our guidance for an annual EBITDA margin of 11% plus/minus 50 basis points. |
| 2025-08-12 | Q1FY26 | uJlt•)I MINDA I | Can we expect the growth of 13% which we have done in the current quarter to accelerate further given these tailwinds? |
| 2025-08-12 | Q1FY26 | llJlt•)I MINDA l | Can we expect 13% growth if I have? |
| 2026-08-10 | Q1FY27 | Mr. Sunil Bohra | We remain confident in our annual EBITDA margin guidance of 11% plus/minus 50 basis points with a bias towards the higher end. |
| 2026-08-10 | Q1FY27 | Mr. Sunil Bohra | Looking ahead, we expect meaningful market share gains over the next few years, supported by the significant new order of approximately INR450 crores of annual peak value announced last quarter, equivalent to nearly 25% of the current two-wheeler lighting revenues. |