Uno Minda Ltd
Uno Minda Q1 FY26 earnings call: Revenue & Margins
Q1 FY26 earnings call: what management said on revenue, margins and capex.
Guidance rank: #15 of 66 in Auto Components
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The short version
Expectation of continued robust growth across multiple product segments including switches, lighting, alloy wheels, and seating systems. Uno Minda is optimistic about growth in FY'26, supported by strong domestic demand and ramp-up of recently commissioned projects including lighting plants (Khed City, Gujarat), and expanded alloy wheel plants (Supa, Bawal).
From Uno Minda Ltd's Q1 FY26 earnings-call transcript · updated 23 Aug 2026.
Revenue & Sales Performance
- Expectation of continued robust growth across multiple product segments including switches, lighting, alloy wheels, and seating systems.
- Full-year ramp-up of recently commissioned projects (four-wheeler lighting plants at Khed City and Gujarat, expanded two-wheeler alloy wheel plant at Supa, four-wheeler alloy wheel plant at Bawal) to support FY'26 growth.
- Seating business expected to maintain growth momentum, aiming to double in five years.
- Optimism in castings business aligned with SUV growth, with new capacity additions (e.g., Kharkhoda plant commissioning expected in Q2 FY'26).
- Growth aided by healthy domestic demand, increasing exports, and emerging segments like sensors, radars, controllers.
- Aftermarket and Spare Part Division sales showing strong growth, highlighting widening revenue streams.
- Management expects margin expansion in medium term as ramp-up phase stabilizes.
2 more points from Uno Minda Ltd's call on revenue
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Profitability & Margins
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Capital Expenditure Plans
- Maintenance capex for FY'26 is expected around Rs. 350-400 crore.
- Growth capex for FY'26 is approximately Rs. 1300-1350 crore.
- Several ongoing expansion projects (around 13) across key programs, including:
- Phase-1 of the four-wheeler alloy wheel plant at Kharkhoda (60,000 wheels/month), to be commissioned by Q2 FY'27.
- Lighting manufacturing facility in Indonesia.
- Die casting capacity expansion at Hosur.
- Four-wheeler lighting plants at Khed City and Gujarat.
- Expanded two-wheeler alloy wheel plant at Supa.
- Four-wheeler alloy wheel plant at Bawal.
- New Greenfield facility for high-voltage EV powertrain components under JV with Inovance Automotive; Phase-1 expected commissioned by Q2 FY'27.
2 more points from Uno Minda Ltd's call on capex
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Top-ranked in Auto Components
Ranked on what management guided this quarter
Rank buckets describe management commentary on revenue and margin. Not investment advice, and not a forecast of returns.
Fundraising & Capital Structure
See what Uno Minda Ltd said on fundraising & capital structure — free account, 30 seconds.
Order Book & Pipeline
- For the EV PowerTrain Inovance JV, Uno Minda has a purchase order (PO) in hand but cannot disclose the value due to dependence on customer vehicle production volumes.
- The sunroof JV has started with one order and recently received a second model order, which is a carryover to another vehicle.
- No new project is started without an order in hand.
- Capacity expansion projects are ongoing with staggered investments; for example, the EV castings plant has a Rs. 210 crore planned investment.
2 more points from Uno Minda Ltd's call on order book
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Uno Minda Ltd — Quarterly revenue & net profit
Reported quarterly figures (₹ Cr). Latest (Q4 FY26): revenue ₹5.3K Cr, net profit ₹352 Cr. Revenue and profit are scaled separately — hover a quarter for exact figures.
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What Uno Minda Ltd's management said in earlier quarters
- Q1 FY27 earnings call analysis →
- Q3 FY26 earnings call analysis →
- Q2 FY26 earnings call analysis →
- Q4 FY26 earnings call analysis →
- Q4 FY25 earnings call →
- Q3 FY25 earnings call →
- Q2 FY25 earnings call →
- Q1 FY25 earnings call →
- Q4 FY24 earnings call →
- Q3 FY24 earnings call →
- Q2 FY24 earnings call →
- Q1 FY24 earnings call →
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Potential multibaggers · Q2 FY27
Potential multibaggers in Auto Components
on management's own guidance
- Strong growth2
- Strong growth1
- Strong growth3
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Ranks describe management commentary on revenue and margin from the latest earnings call. Not investment advice.
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Frequently Asked Questions
What were Uno Minda Ltd Q1 FY26 results?
Expectation of continued robust growth across multiple product segments including switches, lighting, alloy wheels, and seating systems. Uno Minda is optimistic about growth in FY'26, supported by strong domestic demand and ramp-up of recently commissioned projects including lighting plants (Khed City, Gujarat), and expanded alloy wheel plants (Supa, Bawal).
What is Uno Minda Ltd share price analysis?
Uno Minda Ltd currently shows a neutral. The stock trades at a P/E of 59.0 with a market cap of ₹72,183 Cr. Investors should review the full earnings analysis for detailed insights.
Is Uno Minda Ltd planning capital expenditure?
Maintenance capex for FY'26 is expected around Rs.
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This analysis is AI-generated based on publicly available earnings data and the company's earnings call transcript. This is not investment advice. Please consult a SEBI-registered advisor before making investment decisions.