Uno Minda Ltd: Driving Revenue Growth with Innovation-Led Portfolio

Uno Minda Ltd reported a 47% rise in profit for the June quarter at Rs 309.03 crore. The revenue rose to Rs 4,489.09 crore, driven by strong growth in core and emerging product segments. The company prioritizes innovation in response to industry shifts towards electrification and digitalization.

Auto components manufacturer Uno Minda Ltd has announced a remarkable 47% increase in its consolidated profit after tax, reaching Rs 309.03 crore for the June quarter. The surge is credited to strong revenue performance across its diverse product lines, reflective of its strategic innovations.

The company, which previously recorded a Rs 210.8 crore profit in the same period last fiscal year, highlights a consolidated revenue from operations of Rs 4,489.09 crore, a significant rise from last year's Rs 3,817.51 crore. This growth underscores the company's successful engagement in core segments such as switches, lighting, and seating systems.

With total expenses reaching Rs 4,149.27 crore compared to Rs 3,587.78 crore last year, Uno Minda attributes its success to the adaptability and foresight in embracing industry shifts like electrification and digitalization. Managing Director Ravi Mehra emphasizes the company's role as a pivotal player in next-gen mobility solutions.

(With inputs from agencies.)