Uno Minda reported robust financial results for the quarter ending September 30, 2024 (Q2 FY25), reflecting impressive growth in both revenue from operations and net profit. The company’s performance showed significant improvements both year-over-year (YoY) and quarter-over-quarter (QoQ).
As of 11:51 am the shares were trading 5.02% higher at ₹968.15 on NSE
Key Financial Highlights
Q2 FY25 vs. Q2 FY24: Year-over-Year Growth
- Revenue from Operations: Uno Minda recorded revenue of ₹4,244.79 crore, marking a 17.21% increase from ₹3,621.30 crore in the same quarter last year. This reflects an additional ₹623.49 crore YoY, driven by strong demand and business expansion.
- Net Profit: The company’s net profit stood at ₹266.16 crore, an 11.97% rise from ₹237.71 crore in Q2 FY24, an increase of ₹28.45 crore YoY, highlighting improved profitability in a challenging sector.
Q2 FY25 vs. Q1 FY25: Quarter-over-Quarter Growth
- Revenue from Operations: Compared to the previous quarter (Q1 FY25), revenue from operations increased by 11.19%, rising from ₹3,817.51 crore. The QoQ increase of ₹427.28 crore points to steady growth and strong market performance.
- Net Profit: Net profit surged by 26.26% QoQ, reaching ₹266.16 crore from ₹210.80 crore in Q1 FY25, indicating a profit increase of ₹55.36 crore. This emphasizes enhanced cost management and operational efficiency.
Summary
Uno Minda’s strong Q2 FY25 performance, marked by double-digit growth in revenue and profit on both YoY and QoQ bases, reinforces its solid market position and adaptability. The positive results set a promising outlook for the rest of the fiscal year as the company continues to expand.
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