UNO Minda

“That's on the ROCE and EBITDA also on a blended basis for all these projects, we do expect within the range of our current company profitability.”

“with 16 projects which are either under ramp-up of recently commissioned capacities or projects under execution, provide us with multiple avenues for sustained growth over medium to long-term.”

“Meanwhile, the shifting of our Manesar operations to the expanded new Farrukhnagar facility is progressing as planned, with completion expected in the current fiscal year.”

“with construction of phase one of sunroof manufacturing facilities progressing as planned, with commissioning expected around the end of FY27.”

“In terms of capex pipeline, as you know, we have currently roughly around 5,200, 5,300, including today's announced capex of projects which are under execution.”

“we expect to commission this plant by end of the current fiscal year in the Khed City.”

“During the quarter, the TG JV achieved an important milestone with the commissioning of its new manufacturing facility at Harohalli, Bengaluru. However, the profitability has been impacted due to its capitalization, wherein fixed cost, depreciation, and interest costs had significant impact on its profitability.”

“Our Supa facility also operated at higher capacity utilization, supported by improving demand.”

“we have secured additional orders for advanced pixel-based headlamps and tail lamps from the same customer in the PV segment.”

“During the quarter, we won strategic entry into an incumbent Japanese two-wheeler OEM, as well as a new bus passenger seat customer.”

“We had won significant export orders in the last few quarters, specifically in seating business, which will drive export growth in the coming years.”

“In terms of new customers in sunroof business, all I can say is that it's an established player in the country.”

“We are particularly encouraged by the growing business opportunities and order pipeline across several technology-led product categories, including EV powertrain systems, advanced lighting, seating, sunroof, infotainment, and automotive electronics.”

“The vertical achieved revenues of INR1,609 crores, registering a robust year-on-year growth of 37% and contributing approximately 24% to the group's consolidated revenue.”

“Our four-wheeler switch business, operated under Uno Mindarika, continued to outperform the industry, registering a strong year-on-year growth of over 30% to reach INR617 crores.”

“The lighting system vertical reported revenues of INR1,381 crores during the quarter, registering a healthy year-on-year growth of 25% and contributing approximately 21% to the group's consolidated revenues.”

“The casting vertical continued to be the fastest-growing business in the group, delivering an impressive year-on-year growth of 57% to INR1,441 crores. It is important to note that this growth also reflects the impact of higher underlying raw material prices.”

“The four-wheel alloy wheel business revenues grew to INR763 crores, supported by ramp-up of recently commissioned phase one of 60K line at Kharkhoda.”

“Looking ahead, we expect growth momentum to continue in H2 FY27, in spite of higher base last year.”

“we remain constructive on the outlook for the Indian automotive industry and expect the growth momentum to sustain through the remainder of FY27.”

“The total automotive production crossed 109 lakh units, a growth of around 18% year-on-year, while domestic sales rose 18.2% to 83.9 lakh units.”

“Electric two-wheeler adoption accelerated further, with registrations rising 91% year-on-year to around 5.9 lakh units in the quarter and penetration crossing 11% for the quarter.”

“Electric passenger vehicle registrations almost doubled to around one lakh units in the quarter, with EV penetration reaching 8% for the quarter”

“whatever are the input costs related to commodities, etcetera, whether it is upward or downward, our endeavor is to have a pass-through to our customers.”

“The healthy EBITDA margins reflect our resilience, whereby the inflationary impact has been partially mitigated with operating leverage.”

“Depreciation increased marginally by INR5 crores year-on-year to INR178 crores, primarily reflecting the capitalization of phase one of four-wheel alloy wheel facility at Kharkhoda.”

“So overall, the commodity price impact for the aluminum business is roughly around INR260 crores, INR270 crores.”

“So over the period, you expect that RM to sales ratio also to improve. Not only operating leverage is a driver, but the GC also, or the gross contribution also, we expect to improve as we move forward.”

“Similarly, finance costs increased by INR4 crores to INR49 crores, primarily due to capitalization of Kharkhoda alloy wheel plant.”

“our net debt as of September 26 was at INR2,415 crores compared to INR2,179 crores as on March 31, 2026.”

“The cash flows generated from operations for H1 was at INR711 crores. Free cash flow after sustaining capex of INR307 crores was at INR404 crores.”

“Our net debt to equity as of September '26 stands healthy at 0.31. On the ROCE front, we have achieved ROCE of 20.7%, basis annualizing profits of H1 FY27.”

“which is currently not generating return. ROCE would be 24.6% if we exclude these non-deployed assets.”

“because of the higher commodity prices, even though you are able to pass on, you don't have any sort of gross-up of that. It is actually margin dilutive.”

“Passenger vehicle exports, however, declined 5.2% to 2.29 lakh units on account of high base and logistics constraints associated with the West Asia crisis.”

“The geopolitical conflicts have pushed up energy and commodity prices, disrupted key shipping and logistics routes, increased transportation and input costs for businesses across the world.”

“Our consolidated revenue from operations for the quarter ended September 26 stood at INR6,655 crores, representing a robust 38% year-on-year growth as against revenues of INR4,814 crores.”

“On profitability front, EBITDA grew by 33% year-on-year to INR733 crores, with EBITDA margins of 11%.”

“The PAT attributable to shareholders grew 38% to INR420 crores compared to PAT of INR304 crores in Q2 FY 2026.”

“The share of profit from associates and joint ventures remained stable at INR60 crores during the quarter.”

“At Uno Minda, our strategic priorities remain firmly focused on delivering sustainable and profitable growth while consistently outperforming industry growth.”