Shares of Uno Minda surged over 3% in early trade on Monday after the company reported a strong set of Q4 earnings, driven by healthy revenue growth and steady profitability.
The stock touched an intraday high of Rs 1,161.50 compared to the previous close of Rs 1,121.80. The stock opened at Rs 1,122.60 and slipped to a low of Rs 1,120.50 during the session. As of 9:57 AM, more than 5.89 lakh shares had changed hands.
Uno Minda reported a 22.4% year-on-year rise in consolidated net profit at Rs 326 crore for the March quarter, compared to Rs 266 crore in the same period last year. Revenue from operations increased 17.8% to Rs 5,336 crore versus Rs 4,528 crore a year ago, reflecting strong demand across its automotive components business.
EBITDA for the quarter rose 14.5% to Rs 603 crore from Rs 527 crore in the year-ago period. However, EBITDA margin came in slightly lower at 11.3% compared to 11.6% last year, indicating some pressure on operating profitability despite higher sales growth.
Despite the marginal decline in margins, investors cheered the company’s double-digit growth in revenue and profit, helping the stock outperform the broader market in morning trade.
The stock has touched a 52-week high of Rs 1,382, while its 52-week low stands at Rs 965.20.