Q1 2025 UNO Minda Ltd Earnings Call Transcript
Key Points
- UNO Minda Ltd (BOM:532539) delivered a strong financial performance in Q1 FY25 with consolidated operating revenues surging by 23% year-on-year to INR3,818 crores.
- EBITDA for the quarter reached INR408 crores, reflecting a 24% year-on-year increase, with EBITDA margins in line with the previous year's Q1.
- The company maintained its margin guidance of 11% plus or minus 50 basis points, with a bias towards the upper range.
- UNO Minda Ltd (BOM:532539) has secured new partnerships and joint ventures, including a TLA with Suzhou Inovance Automotive for high-voltage EV products and a TLA with Aisin Corporation for sunroof manufacturing.
- The company is expanding its product portfolio and capabilities, with significant growth in segments like lighting, alloy wheels, switches, sensors, and controllers.
- Finance costs for the quarter increased to INR36 crores due to higher borrowings to fund CapEx, land acquisitions, and working capital.
- The commercial vehicle sector experienced flat production volumes due to a slowdown in public and private CapEx, impacting the company's growth in this segment.
- The e-two-wheeler registration declined by 40% quarter-on-quarter and 17% year-on-year, largely due to a reduction in subsidies, which could exert pressure on the cost structure.
- The seating business showed flat revenues compared to the corresponding quarter last year, with growth restrained by declines in commercial vehicle production volumes and subdued export markets.
- The company's European operations, particularly in the acoustic segment, faced challenges due to lower volumes, impacting overall performance.
Ladies and gentlemen, good day, and welcome to the Uno Minda Limited Q1 FY25 earnings conference call. This conference call may contain forward-looking statements about the company, which are based on beliefs, opinions and expectation of the company as on date of this call. These statements are not the guarantees of future performance and involve risks and uncertainties that are difficult to predict. (Operator Instructions) Please note that this conference is being recorded.
I now hand the conference over to Mr. Sunil Bohra, Group Chief Financial Officer. Thank you, and over to you, sir.
Thank you very much. Good evening, everyone, and a warm welcome to all the participants. On the earnings call today, I'm joined by my colleague, Ankur Modi. We have uploaded our financial results and investor presentation for Q1 FY25 on the stock exchanges and our company's website. We hope everybody had an opportunity to go through the same.
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