Q1 2026 UNO Minda Ltd Earnings Call Transcript
Key Points
- UNO Minda Ltd (BOM:532539) reported a robust 16% year-on-year growth in revenue, reaching INR4,420 crores, driven by strong performance across core product lines such as switches, lighting, alloy wheels, and seating systems.
- The company achieved a healthy year-on-year growth of 21% in profit after tax (PAT), reaching INR239 crores, reflecting strong financial performance.
- The Switching Systems business delivered a significant 16% year-on-year growth, contributing 25% to the company's consolidated revenue, with strong export performance in the 2-wheeler switch category.
- The Lighting Systems business reported a 13% year-on-year growth, driven by the transition to LED technology and increasing demand for advanced lighting solutions.
- UNO Minda Ltd (BOM:532539) is expanding its portfolio in emerging technologies, including electric mobility, ADAS, and advanced electronics, positioning itself for future growth opportunities.
- The company's finance costs increased to INR44 crores due to higher borrowing for ongoing CapEx and working capital requirements.
- Depreciation expenses rose by INR18 crores, reflecting the commissioning of new facilities, which could impact short-term profitability.
- The European acoustics segment faced challenges due to muted demand and a shift in OEM preference, impacting overall performance.
- The Clarton Horn business is experiencing a significant drop in volumes, and efforts are underway to reengineer the business to avoid losses.
- Despite strong revenue growth, the company is not fully benefiting from operating leverage, with margins remaining stable at around 10.7%.
Ladies and gentlemen, good day, and welcome to Uno Minda Limited Q1 FY26 earnings conference call. This conference call may contain forward-looking statements about the company, which are based on the beliefs, opinions and expectations of the company as on date of this call. These statements are not the guarantees of future performance and involves risks and uncertainties that are difficult to predict. (Operator Instructions) Please note that this conference is being recorded.
I now hand the conference over to Mr. Sunil Bohra, Group Chief Financial Officer, for his opening remarks. Thank you, and over to you, sir.
Good afternoon, everyone, and a warm welcome to all the participants. On the earnings call today, I'm joined by my colleague, Ankur Modi. We have uploaded our financial results and investor presentation for Q1 FY26 on the stock exchanges and our company's website.
We hope everybody had an opportunity to go through the same. I would like to begin by giving some insights on the
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