Categories AlphaGraphs, Automobile, Earnings

Uno Minda Ltd Q1FY24; 20% rise in Profits

Minda Industries Limited, the flagship company of the N.K. Minda Group is one of the most diversified auto component manufacturers in India. It is a technology leader in the auto components industry and a leading tier-1 supplier of proprietary automotive solutions to OEMs. The Group is headquartered in Manesar, Haryana. It has engineering, research, and development centers in Manesar, Pune & Sonepat.

Financial Results:

Uno Minda Ltd reported Revenues for Q1FY24 of ₹3,093.00 Crores up from ₹2,555.00 Crore year on year, a rise of 21.06%.

Total Expenses for Q1FY24 of ₹2,907.00 Crores up from ₹2,405.00 Crores year on year, a rise of 20.87%.

Consolidated Net Profit of ₹180.00 Crores up 20.0% from ₹150.00 Crores in the same quarter of the previous year.

The Earnings per Share is ₹3.01, up 23.87% from ₹2.43 in the same quarter of the previous year.

*It is important to note that the way the results have been accounted for are slightly different than the ones the companies may choose to publish.

*The presented data is automatically generated. It may occasionally generate incorrect information.

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