UNO Minda Q1 Results 2024, Company Reports 12% Increase in Profit

Uno Minda Limited has recently released its financial results for the first quarter of 2024, showcasing a mixed performance. For the quarter ending June 30, 2024, the company's standalone revenue from operations reached ₹2,451.55 crore, slightly down from ₹2,486.25 crore in the previous quarter.

Despite this, the company reported a net profit of ₹122.96 crore, which is lower compared to ₹153.20 crore from the previous quarter. This decline in profit can be attributed to higher expenses and a decrease in other comprehensive income.

On a consolidated basis, Uno Minda's revenue from operations was ₹3,817.51 crore, showing a modest increase from ₹3,794.02 crore in the previous quarter. The consolidated net profit for the period was ₹210.80 crore, down from ₹301.72 crore previously.

The company's board also made significant decisions, including the appointment of a new director, the approval of financial results, and plans to acquire equity shares in Minda Onkyo India Private Limited. These results reflect the company’s ongoing adjustments and strategic moves amid a dynamic automotive industry landscape.

UNO Minda Q1 Results 2024

Here’s a summary of Uno Minda Limited's financial performance for the first quarter of 2024. The results highlight key figures such as revenue, net profit, and changes in financial performance compared to the previous quarter. Below is a detailed breakdown:

Please Click Here

UNO Minda Limited

Uno Minda Limited is a leading company in the automotive components sector based in India. They design and manufacture a wide range of products including automotive lighting systems, horns, and electronic components.

Known for their innovation and quality, Uno Minda serves various car manufacturers and aims to enhance vehicle safety and comfort. With a focus on growth and expansion, the company continues to invest in new technologies and global markets.