Q1 2027 UNO Minda Ltd Earnings Call Transcript
Key Points
- Record quarterly revenue of INR5,557 crores, up 26% year-on-year, driven by broad-based growth across all segments.
- Strong growth in green mobility vertical, with revenues up 78% year-on-year, reflecting robust EV adoption and new program wins.
- Secured significant new business orders, including a global OEM for four-wheeler lighting, a new sunroof order of INR130 crores, and export orders for seating systems.
- Continued market share gains in core segments like switches and lighting, with two-wheeler lighting benefiting from a new INR450 crore order.
- Healthy cash generation and controlled finance costs, with most expansion funded through internal accruals, supporting a strong balance sheet.
- EBITDA margin declined to 10.3% due to commodity and gas price inflation, minimum wage hikes, and margin dilution from raw material pass-throughs.
- Profitability of associates and JVs was impacted by commodity pricing pressure, which is expected to ease only in subsequent quarters.
- The proposed JV with Innov for e-axle technology faces regulatory delays in China, creating uncertainty for future EV powertrain plans.
- Near-term headwinds in the alloy wheel business, including temporary moderation in penetration, though early signs of recovery are emerging.
- Depreciation increased by INR17 crores due to new facility capitalizations, and new business wins in electronics may have lower gross margins, potentially impacting overall profitability.
Ladies and gentlemen, good day, and welcome to the Q1 FY27 earnings conference call of Uno Minda Limited. 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 the date of this call. These statements do not guarantee the future performance of the company and may 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 CFO. Thank you, and over to you, sir.
Thanks, Anil. Good evening, everyone, and a warm welcome to all the participants. On the earnings call today, I am joined by my colleague, Ankur Modi. We have uploaded our financial results and investor presentation for Q1 FY27 on the stock exchanges and our company's website. We hope everybody had an opportunity to go through the same.
I will begin with a brief overview of the
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