Uno Minda Limited, a leading manufacturer of auto components, including electrical parts and accessories, operates within a single primary segment. The company has announced its unaudited consolidated financial results for the quarter ended December 31, 2024, along with key corporate developments.
Consolidated Financial Highlights (₹ in Crore)
| Particulars | Dec 31, 2024 (Q3 FY25) | Sep 30, 2024 (Q2 FY25) | Dec 31, 2023 (Q3 FY24) |
|---|---|---|---|
| Revenue from Operations | ₹ 4,183.99 | ₹ 4,244.79 | ₹ 3,522.91 |
| Net Profit After Taxes | ₹ 254.37 | ₹ 266.16 | ₹ 205.11 |
| Basic EPS (₹) | ₹ 4.05 | ₹ 4.27 | ₹ 3.38 |
| Diluted EPS (₹) | ₹ 4.04 | ₹ 4.26 | ₹ 3.37 |
Key Financial & Business Updates
- Revenue: A slight decrease compared to the previous quarter but a strong 18.8% YoY growth over Q3 FY24.
- Net Profit: Marginal decline from the previous quarter but a 24% YoY increase.
- EPS: Both Basic and Diluted EPS reflect a slight dip from Q2 FY25 but significant YoY growth.
Strategic Acquisitions
- Minda Westport Technologies Ltd. (MWTL): Acquired a 26% stake on April 18, 2024, making it a subsidiary. A ₹ 13.09 crore gain was recorded as an exceptional item.
- Minda Onkyo India Pvt. Ltd. (MOIPL): 49% stake acquired in Phase-I on September 24, 2024. A ₹ 4.55 crore loss was recorded under exceptional items.
- Minda Nabtesco Automotive Pvt. Ltd. (MNAPL): Became an associate following a 49% stake acquisition on September 26, 2024.
Corporate Developments
- Scheme of Amalgamation: The merger of Kosei Minda Aluminium, Kosei Minda Mould, and Minda Kosei Aluminium Wheel was approved by the NCLT (New Delhi) on December 18, 2024. The impact has been accounted for in Q3 FY25 results.
- Interim Dividend: ₹ 0.75 per equity share declared for FY 2024-25.
- Non-Convertible Debentures (NCDs):
- ₹ 100 crore NCDs issued in Q1 FY25 (June 2024).
- ₹ 150 crore NCDs issued in Q2 FY25 (September 2024).
- Approval for additional ₹ 500 crore NCD issuance in multiple tranches.
Capacity Expansion at Hosur Plant
- Expansion of Casting Division (LPS Domain) to increase overall capacity by 15,000 MT per annum.
- New Paint Shop Shed planned.
- Estimated Capex: ₹ 65.59 crore (excluding ₹ 6.23 crore for sustainability initiatives).
- Proposed Capacity Addition: 4,000 MT per annum.
- Expected Completion: Q2 FY26.
- Funding: 50% debt & 50% internal accruals.
