Uno Minda Reports Robust Profit Growth and Revenue Surge

Uno Minda

Uno Minda, a leading auto components manufacturer in India, reported robust profit growth and revenue surge for the quarter ended March 2023.

The company’s consolidated net profit grew by 26.5% to Rs 182.7 crore for the quarter ended March 2023, from Rs 144 crore in the corresponding quarter of the previous fiscal year.

Uno Minda’s revenue from operations also grew by 36.6% to Rs 2,889 crore for the quarter ended March 2023, from Rs 2,115.1 crore in the corresponding quarter of the previous fiscal year.

The company attributed the growth in its net profit and revenue to a number of factors, including:

  • Strong sales growth across all segments, led by the passenger vehicle and two-wheeler segments
  • Increased focus on new product development, particularly in the electric vehicle segment
  • Cost optimization initiatives

Uno Minda is confident of continuing its growth momentum in the coming quarters. The company plans to focus on expanding its product portfolio, strengthening its brand presence, and entering new markets.

The company’s strong performance in the fourth quarter is a positive sign for the Indian auto components industry. It indicates that the industry is recovering from the impact of the COVID-19 pandemic and is on track to grow in the coming quarters.