Revenue from operations declined marginally by 1.4% quarter-on-quarter to Rs 4,183.99 crore in Q3 FY25.
06 Feb 2025 | 3506 Views | By Autocar Pro News Desk
Auto components maker Uno Minda Ltd reported a 24% increase in in its net profit to Rs 254.37 crore for the quarter ended December 2024 compared to Rs 205.11 crore in the same quarter last year. However, on a sequential basis, it was down 4.4%, impacted by higher raw material ...
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Auto components maker Uno Minda Ltd reported a 24% increase in in its net profit to Rs 254.37 crore for the quarter ended December 2024 compared to Rs 205.11 crore in the same quarter last year. However, on a sequential basis, it was down 4.4%, impacted by higher raw material costs and employee expenses.
Revenue from operations showed a robust growth of 18.8% to Rs 4,183.99 crore in Q3 FY25, but declined marginally by 1.4% quarter-on-quarter. The year-on-year revenue growth was driven by strong demand from automakers amid the continued momentum in vehicle sales.
The EBITDA margin, as calculated, contracted to 11.1% in Q3 from 11.4% in Q2, mainly due to the higher input costs. However, the company maintained healthy profitability supported by operating leverage benefits from higher volumes.
The company's share of profit from associates and joint ventures stood at Rs 40.48 crore in Q3, down from Rs 48.43 crore in Q2 but slightly lower than Rs 43.70 crore in the year-ago quarter.
Basic earnings per share stood at Rs 4.05 for the quarter, compared to Rs 4.27 in Q2 and Rs 3.38 in Q3 FY24.