UNO Minda Ltd., a key player in the automobile and ancillaries sector, has released its financial results for the quarter ended December 31, 2023. The company has demonstrated robust growth, reaffirming its position as a leader in the industry amidst evolving market dynamics.
Financial Highlights:
Quarterly Performance (Q3 FY24):
Sales: UNO Minda Ltd. reported sales of ?3,523 crores for Q3 FY24, marking a slight decrease from the previous quarter but maintaining a strong growth trajectory compared to the same period last year.
EBITDA: Earnings Before Interest, Taxes, Depreciation, and Amortization stood at ?380 crores, showcasing the company's operational efficiency and cost management strategies.
PAT: Profit After Tax reached ?161 crores, reflecting UNO Minda Ltd.'s ability to maintain profitability amidst market challenges.
Quarterly Comparison (Q3 FY24 vs. Q2 FY24 and Q3 FY23):
While UNO Minda Ltd. experienced a slight decrease in sales from Q2 FY24 to Q3 FY24, the company showcased remarkable growth compared to Q3 FY23, indicating sustained momentum and market resilience.
EBITDA and PAT remained relatively stable compared to the previous quarter, reflecting the company's consistent operational performance.
9-Month Performance (9M FY24 vs. 9M FY23):
UNO Minda Ltd. reported cumulative sales of ?10,237 crores for the nine months ended December 31, 2023, demonstrating robust growth compared to the same period last year.
EBITDA for 9M FY24 stood at ?1,111 crores, reflecting the company's strong operational capabilities and efficiency.
Profit After Tax witnessed substantial growth, underscoring UNO Minda Ltd.'s ability to capitalize on market opportunities and deliver value to its stakeholders.
UNO Minda Ltd.'s performance in Q3 FY24 highlights its resilience and ability to navigate through market uncertainties. Despite facing challenges such as supply chain disruptions and fluctuating demand, the company has maintained a strong growth trajectory, driven by its innovative product offerings and customer-centric approach.
The automotive industry's recovery post-pandemic and increasing demand for advanced technologies present growth opportunities for UNO Minda Ltd. The company's strategic investments in research and development, along with its focus on operational excellence, position it well to capitalize on emerging market trends and strengthen its market position.
Shares of UNO Minda Limited was last trading in BSE at Rs. 691.10 as compared to the previous close of Rs. 689.80. The total number of shares traded during the day was 15303 in over 1274 trades.
The stock hit an intraday high of Rs. 697.00 and intraday low of 683.60. The net turnover during the day was Rs. 10566343.00. |
