Q2 2026 UNO Minda Ltd Earnings Call Transcript
Key Points
- UNO Minda Ltd (BOM:532539) reported its highest ever quarterly revenues and profitability, with consolidated revenue from operations at 4,814 crores, marking a 13.4% annual growth.
- The company achieved a robust EBITDA growth of around 14%, reaching 552 crores, with improved EBITDA margins of 11.5%.
- The lighting system business recorded a healthy 14% year-on-year growth, driven by the ongoing shift towards LED technology and rising customer preference for advanced lighting solutions.
- The seating system business registered an impressive 22% year-on-year growth, supported by favorable customer mix and increased revenue from the bus passenger seat segment.
- UNO Minda Ltd (BOM:532539) continues to strengthen its commitment to sustainability with ambitious ESG goals, including achieving 50% renewable energy by 2030 and becoming carbon neutral by 2040.
- The company faced challenges with the startup costs of recently commissioned plants and nascent businesses, which have not yet achieved optimum levels.
- The European acoustic business revenue declined by around 13% due to softening market demand.
- The company experienced a dip in the share of industrial business as a percentage of revenue, attributed to stronger growth momentum in the domestic market.
- The joint venture with Tachis for four-wheeler seating systems is taking longer than expected to gain traction.
- The company has not provided specific guidance on vehicle volume growth, making it difficult to predict future performance in the passenger vehicle and two-wheeler segments.
Ladies and gentlemen, good day and welcome to UNO Minda Limited Q2 and H1 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 guarantee of future performance and involve 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.
Thank you. Good afternoon, and a warm welcome to all the participants.
On the earnings call today, I am joined by my colleague Akor Modi.
We have uploaded our financial results and investor presentation for Q2 and H1F526 on the stock exchanges and our company's website.
We hope everybody had an opportunity to go through the same.
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