UNOMINDA · Automobile and Auto Components
UNO Minda Ltd. reported revenue of ₹6,655 cr for July to September 2026, +38.2% on the year and +19.8% on the quarter. That is faster than this quarter has grown in recent years (+15.3% 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 ₹22,566 cr, +25.3% on the four before.
Operating profit (EBITDA) was ₹733 cr, a margin of 11.0%, −45 bps on the year and +72 bps on the quarter. Over the last 8 quarters the margin has ranged from 10.3% to 12.1%, averaging 11.2%. Operating costs grew +38.9%, faster than revenue at +38.2%, so operating profit grew less than sales.
Net profit was ₹441 cr, +36.5% on the year and +39.6% on the quarter, with earnings per share of ₹7.27. Profit before other income, one-offs and tax grew faster, at +52.3%; other income, one-offs or tax held the headline back. The tax rate of 23% is in line with its recent average. Profit over the last four quarters totals ₹1,409 cr, +19.9% on the four before.
Of the 31 companies in Automobiles and components that have reported Q2 FY27 so far, UNO Minda Ltd. ranks 11th on revenue growth; the sector median is +28.9%. Its margin moved −45 bps on the year against a sector median of −135 bps.
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 ₹22.82 over the last four quarters, the stock at ₹1,382.50 trades at 60.6 times trailing earnings.
Written from the quarterly statements. The filing read adds the balance sheet and cash flow filed with this quarter, 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.
Core profit grew faster than reported profit: one-offs held the headline down.
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. 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.
This quarter's filing carries a balance sheet and a cash flow statement. The cash, receivables and borrowing checks run once the filing read is in.
| 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 ₹6,655 cr (+38.2% on the year) and net profit of ₹441 cr (+36.5% on the year) for July to September 2026.
Profit before other income, exceptional items and tax moved +52.3% on the year, against +36.5% for reported profit.
None of the 8 checks that could run raised a question.
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