Uno Minda Posts Mixed Q4 Performance, Closes FY25 on a High Note

Uno Minda Ltd, one of India’s leading automotive components suppliers, posted a mixed set of numbers for the quarter ended March 2024 (Q4 FY25), even as it closed the financial year with solid growth across key performance metrics.

The company’s net profit declined 8% year-on-year to ₹266.21 crore in the March quarter, compared to ₹287.89 crore in the same period last year. The drop in profit was largely due to a surge in operating expenses during the quarter, and an exceptional one-time gain of ₹26.62 crore that boosted the previous year’s bottomline. Adjusted for this gain, net profit would have grown 1% on a like-to-like basis.

Operating expenses rose 20% year-on-year to ₹4,207.10 crore, with input costs—particularly raw materials—rising 9% alongside other expenses. Despite this, the company benefited from higher volumes, which helped offset margin pressures through operating leverage.

Revenue from operations rose a strong 19% to ₹4,528.32 crore in Q4 FY25, supported by healthy performance across its core product categories—switches, lighting, seating systems, casting, sensors, controllers, and electric vehicle components. On a sequential basis, revenue increased by 8%, while net profit rose 14%.

The company’s EBITDA for the quarter stood at ₹527 crore, marking an 11% increase from ₹474 crore in Q4 FY24. However, the EBITDA margin slipped to 11.6% from 12.5% a year ago, due to elevated input costs. On a quarter-on-quarter basis, margins improved by 71 basis points.

Uno Minda’s share of profit from associates and joint ventures came in at ₹54.67 crore, down from ₹58.20 crore in the same period last year, but up from ₹40.48 crore in the previous quarter.

For the full year ended March 31, 2025, Uno Minda reported a 20% jump in revenue to ₹16,775 crore, while net profit increased by 8% to ₹943 crore. The full-year EBITDA margin contracted slightly by 13 basis points to 11.2%, reflecting persistent input cost pressures. The board recommended a final dividend of ₹1.50 per share.

“FY25 has been a defining year for Uno Minda, marked by strategic progress and solid execution,” said Ravi Mehra, Managing Director, Uno Minda Group. “We undertook several high-impact initiatives—including expansion into new product segments and executing our planned capital expenditure—to strengthen our growth platform. We remain confident in our ability to outperform industry growth and create sustained value for all our stakeholders.”

Echoing this optimism, Sunil Bohra, Chief Financial Officer of Uno Minda Group, added, “Looking ahead, with around 12 new capacity expansion projects currently underway, we remain confident in sustaining our growth momentum and creating long-term value.”