Q2 2025 UNO Minda Ltd Earnings Call Transcript
Key Points
- UNO Minda Ltd (BOM:532539) achieved its highest ever quarterly revenues, with group revenues growing by 17% year-on-year to INR5,112 crores.
- The company reported a 20% year-on-year increase in EBITDA for the quarter, with margins improving to 11.36%.
- The electric two-wheeler segment showed significant growth, with retail sales increasing by 58% year-on-year.
- UNO Minda Ltd (BOM:532539) has been expanding its capacity across multiple product lines, including lighting, alloy wheels, and EV components.
- The company has secured new orders and partnerships, such as the TLA with Mobis for speakers, indicating potential future growth opportunities.
- The commercial vehicle sector faced a 13% decline in production volumes due to various external factors, impacting overall performance.
- Finance costs increased to INR46 crores due to higher borrowings for CapEx and land acquisition.
- The company's share of profit from associates and joint ventures decreased, partly due to Minda Westport becoming a subsidiary.
- The European market downturn negatively impacted the acoustic business and international sales.
- Net debt increased to INR1,735 crores as of September 2024, primarily due to expansion CapEx and land bank expenditures.
Ladies and gentlemen, good day, and welcome to the Uno Minda Limited Q2 and H1 FY25 earnings conference call. This conference call may contain forward-looking statements about the company, which are based on the beliefs, opinions and expectations 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, for his opening remarks. Thank you, and over to you, sir.
Thanks, Sejal. Good afternoon, everyone, and a warm welcome to all the participants. On the earnings call today, I am joined by my colleague Ankur. We have uploaded our financial results and investor presentation for Q2 and H1 FY25 on the stock exchanges and our company's website. We hope everybody had an
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