Uno Minda Ltd Q1 FY26 Results & Concall Highlights: Revenue, Margins & Order Book

Published 3 Aug 2026 | Auto Components | Market Cap: ₹72.2K Cr

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.

Price

₹1,265

Market Cap

₹72.2K Cr

P/E Ratio

59.0

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Uno Minda Ltd — Quarterly revenue & net profit

Revenue Net Profit

Dec 2024

Mar 2025

Jun 2025

Sep 2025

Dec 2025

Mar 2026

Reported quarterly figures (₹ Cr). Latest: revenue ₹5.3K Cr, net profit ₹352 Cr.

Full financials →

📊 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.
→Growth CAPEX planned around Rs. 1,300 crores to support expansion initiatives.
→Industry volumes and model-specific growth will influence segments like lighting and alloy wheels.

📈 Profitability & Margins

→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). (Page 9)
→The company expects segment-wise growth in seating systems and aftermarket channels, alongside emerging segments like sensors, radars, and controllers. (Page 8)
→Growth CAPEX of around Rs. 1,300 crore and maintenance CAPEX of Rs. 350-400 crore planned for FY'26 aiming to support expansion and efficiencies. (Pages 15-17)
→Incentives from various state governments will aid competitiveness, though timing causes lumpiness in results; recurring incentives are expected with new projects. (Page 17)
→FY’26 normalized EBITDA margins expected to remain stable (~10.7%) despite cost escalations, with PAT showing healthy growth, driven by higher volumes and operational efficiencies. (Pages 5, 8)
→Management is confident of long-term value creation with continuous focus on cost optimization, new product development, and expanding portfolio in next-gen automotive solutions. (Pages 9, 13)

See what Uno Minda Ltd said on profitability & margins — free account, 30 seconds.

🏗️ 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.
→A new plant for EV castings with Rs. 210 crore investment is planned.
→Strategic investments include acquiring full control of Buehler Motor and FRIWO subsidiaries.

💰 Fundraising & Capital Structure

→As of June 30, 2025, Uno Minda's net debt to equity ratio stands at a healthy 0.34, with total debt at Rs. 2,228 crores, increased mainly due to expansion CAPEX and land acquisition.
→The company has largely financed sustaining and growth CAPEX through business cash flows.
→No explicit mention of new fundraising through additional debt or equity in the current quarter or near future.
→Expansion CAPEX and project investments are being managed primarily through internal accruals and existing financing.
→Regulatory approvals are ongoing for the Inovance JV, but no related capital raise is noted.
→Overall, the firm appears to be managing liquidity and funding internally without immediate plans for fresh debt or equity fundraising.

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.
→Overall, there is optimism on order ramp-up, especially in lighting and casting businesses, supported by OEM demand and new customer wins.
→The company is prepared to capture growth as industry volumes and application ratios improve across vehicle segments.

Key Metrics

What Uno Minda Ltd's management said in earlier quarters

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Frequently Asked Questions

What were Uno Minda Ltd Q1 FY26 results?

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 concall transcripts. This is not investment advice. Please consult a SEBI-registered advisor before making investment decisions.