Uno Minda limited (‘Uno Minda’) has announced its results for quarter & year ended March 31st 2023. At a consolidated level, the company reported a strong revenue growth with revenue of Rs 11,236 Cr for FY23 as against Rs 8,313 Cr in the previous financial year, registering a rise of 35 %.
The EBITDA for FY23 has been reported as Rs 1,242 Cr vis-à-vis Rs 885 Cr in FY22, growth of 40%. Profit before tax for FY23 is at Rs 791 Cr as against Rs 494 Cr in FY22. PAT (UML Share) for the financial year is Rs 654 Cr in FY23 as against Rs 356 Cr in FY22, an increase of 84%.
The Company reported consolidated revenues of Rs 2,889 Cr in Q4FY23 as against Rs 2,415 Cr in corresponding quarter registering growth of 20%
The EBITDA for Q4 FY23 has been reported as Rs 319 Cr vis-à-vis Rs 276 Cr in Q4 FY22, growth of 16%. Profit before tax for Q4 FY23 was at Rs 209 Cr as against Rs 175 Cr in Q4 FY22 and Rs 215 Crores in Q3 FY23. PAT (UML Share) for the quarter is Rs 183 Cr in Q4 FY23 as against Rs 144 Cr in Q4 FY22 and Rs 162 Crores in Q3 FY23.
The Board has also recommended dividend of Rs 1.00 per share i.e. 50% of face value reflecting commitment from the company to returning value to shareholders on consistent basis.
Mr. Nirmal K Minda, CMD, Uno Minda Group said, “Fiscal year 2023 has been a year of rebound and robust growth for the automotive sector. We have outperformed industry across all products categories with our diversified product portfolio. We at Uno Minda, always look to focus on greater customer satisfaction and high-quality products, this with combination of increasing demand for premium variants keep us well placed to capitalize on this opportunity. With ongoing R&D, incremental capex and our strategic expansion, we are committed to increasing the wallet share from our existing customers and focus on adding new customers to our universe.”
Sunil Bohra, CFO, Uno Minda Group said, “Uno Minda’s healthy growth is a result of efficient planned strategy to achieve a sustainable growth in the industry in combination with our diverse product portfolio and strong customer base. We continue to focus on providing localized products to the market and add new and technologically advanced products to our basket. We remain optimistic of outperforming the Industry in the years to come.”