Uno Minda Surges 10% as Q2 Net Profit Jumps 38% to ₹420 Crore

Uno Minda shares rallied as much as 10% on Thursday after the automotive components manufacturer posted a 38.2% jump in second-quarter net profit. Buyers piled into the counter from the opening bell. By 1:12 pm, the stock held strong at ₹1,294 apiece, up 8% on the session, unwinding months of stagnation. The move extends the stock's one-month run to 17.7%, pulling its year-to-date performance into positive territory at 0.7%.

Consolidated net profit climbed to ₹420 crore for the quarter ended September 30, up from ₹304 crore in the corresponding period last year, according to regulatory filings submitted to exchanges. Operational revenue matched that trajectory penny for penny, jumping 38.2% to ₹6,655 crore against ₹4,814 crore a year earlier. Operating earnings before interest, tax, depreciation, and amortisation (EBITDA) gained 33% to ₹733 crore from ₹551 crore. But profitability at the operating line faced slight friction. EBITDA margins contracted by 40 basis points to 11%, down from 11.4% in the year-ago period, reflecting subtle product mix shifts and input cost dynamics.

Capacity Expansion in Haryana

Yet operational numbers formed only half the catalyst. Alongside earnings, Uno Minda's board sanctioned an additional capital outlay of approximately ₹85 crore to build out its sunroof production hub at Bawal in Haryana. Order books dictated the step. Management disclosed that the expansion answers fresh client supply contracts alongside accelerating appetite for advanced glass roof installations across Indian passenger vehicles.

Plans call for an incremental annual capacity of 2.91 lakh units at the Bawal site. Execution will proceed in phases, with commercial output scheduled to go live in the second quarter of FY28. Funding for the expansion splits across bank term loans and internal cash accruals, protecting operational liquidity while capital expenditure ramps up over the coming financial quarters.