UNOMINDA · Automobile and Auto Components
UNO Minda Ltd. reported revenue of ₹5,557 cr for April to June 2026, +23.8% on the year and +4.1% on the quarter. That is faster than this quarter has grown in recent years (+20.5% on average), so the year-on-year number is not just the season. It is the highest quarterly revenue in the last 12 quarters on record. Over the last four quarters revenue comes to ₹20,725 cr, +18.8% on the four before.
Operating profit (EBITDA) was ₹572 cr, a margin of 10.3%, −180 bps on the year and −101 bps on the quarter. It is the narrowest margin of the last 8 quarters (range 10.3% to 12.1%). Operating costs grew +26.3%, faster than revenue at +23.8%, so operating profit grew less than sales.
Net profit was ₹316 cr, +2.3% on the year and −10.2% on the quarter, with earnings per share of ₹5.12. Profit before other income, one-offs and tax grew 2.6%, so the profit growth came from the business itself. The tax rate of 22% is in line with its recent average. Profit over the last four quarters totals ₹1,291 cr, +15.5% on the four before.
A vehicle maker's revenue is volumes times average price, and its margin moves with steel, aluminium and rubber costs and with the share of exports and premium models. The quarterly statements do not carry volumes, realisation per vehicle and the export share; those come with the filing read.
On earnings per share of ₹20.82 over the last four quarters, the stock at ₹1,353.80 trades at 65.0 times trailing earnings.
Written from the quarterly statements. The filing read adds the balance sheet and cash flow, the auditor's review, segment results, one-off items line by line and what management said on the call.
No check fired. That is a statement about the checks below, not a verdict on the company.
Operating margin slipped on the year.
Source: Quarterly statements
Could not run on this quarter: Exceptional items that recur, Cash behind the profit, Receivables against sales, Inventory against sales, Borrowing while holding cash, Auditor's review or audit report, IPO money used as stated, Related-party transactions, Exits, postponements, restatements, Promoter pledges and allotments, Earlier promises against delivery, When the results were filed. Most need the filing read (balance sheet, cash flow, auditor, disclosures).
Net profit a year ago, each driver's change, and net profit now. Blue added profit, red took it away.
| Q3 FY24 | Q4 FY24 | Q1 FY25 | Q2 FY25 | Q3 FY25 | Q4 FY25 | Q1 FY26 | Q2 FY26 | Q3 FY26 | Q4 FY26 | Q1 FY27 | Q2 FY27 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | ₹3,523 cr | ₹3,794 cr | ₹3,818 cr | ₹4,245 cr | ₹4,184 cr | ₹4,528 cr | ₹4,489 cr | ₹4,814 cr | ₹5,018 cr | ₹5,336 cr | ₹5,557 cr | ₹6,655 cr |
| YoY | — | — | +23% | +17% | +19% | +19% | +18% | +13% | +20% | +18% | +24% | +38% |
| EBITDA margin | 10.8% | 12.5% | 10.7% | 11.4% | 10.9% | 11.6% | 12.1% | 11.5% | 11.0% | 11.3% | 10.3% | 11.0% |
| Other income, % of PBT | 19% | 24% | 17% | 17% | 16% | 16% | 15% | 19% | 13% | 16% | 13% | 11% |
| Exceptional items | — | — | — | — | — | — | — | — | — | — | — | — |
| Tax rate | 24% | 22% | 24% | 23% | 15% | 25% | 23% | 21% | 19% | 19% | 22% | 23% |
| Net profit | ₹205 cr | ₹302 cr | ₹211 cr | ₹266 cr | ₹254 cr | ₹289 cr | ₹309 cr | ₹323 cr | ₹300 cr | ₹352 cr | ₹316 cr | ₹441 cr |
| YoY | — | — | +17% | +12% | +24% | −4% | +46% | +21% | +18% | +22% | +2% | +37% |
| Core profit YoY | — | — | +23% | +15% | +16% | +10% | +48% | +16% | +28% | +14% | +3% | +52% |
| EPS | ₹3.37 | ₹5.01 | ₹3.46 | ₹4.27 | ₹4.05 | ₹4.64 | ₹5.06 | ₹5.27 | ₹4.79 | ₹5.64 | ₹5.12 | ₹7.27 |
| Flags | · | · | ✓ | ✓ | ✓ | ✓ | ✓ | ✓ | ✓ | ✓ | ✓ | ✓ |
Each quarter is read with the same rules. Balance-sheet and cash checks run on half-year and annual quarters; filing-read checks run where a read exists.
UNO Minda Ltd. reported revenue of ₹5,557 cr (+23.8% on the year) and net profit of ₹316 cr (+2.3% on the year) for April to June 2026.
Profit before other income, exceptional items and tax moved +2.6% on the year, against +2.3% for reported profit.
None of the 7 checks that could run raised a question.
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