An auto ancillary stock surged 5.8% on Tuesday, reaching an intraday high of ₹975.7 after releasing its Q2 results. The company reported a 17.2% revenue increase to ₹4,245 crore, alongside a 9% rise in net profit to ₹245 crore and improved EBITDA margins at 11.4%.
Share Price movement of Uno Minda:
Uno Minda’s stock opened at ₹929.00, surged to an intraday high of ₹1,015.00, and remained resilient as it did not fall below the opening price throughout the trading session. This notable upward movement reflects positive market sentiment and strong investor interest in the stock.
Uno Minda Share Price Rise:
Uno Minda shares saw a 5.8% rise on Tuesday, reaching an intraday high of ₹975.7 on the BSE after posting its Q2 results. The company reported a revenue increase of 17.2% year-over-year, reaching ₹4,245 crore, compared to ₹3,621 crore in the same period last year.
The company’s consolidated net profit for the second quarter rose 9% to ₹245 crore, up from ₹225 crore a year ago. The Earnings Before Interest, Tax, Depreciation, and Amortisation (EBITDA) was ₹482 crore, marking a 20% rise from ₹402 crore in the prior year, with EBITDA margins improving slightly to 11.4%.
At 11:57 AM, Uno Minda shares traded at ₹974.95, marking a 5.71% gain, while the BSE Sensex remained steady at 79,496.96. Uno Minda’s market capitalization stood at ₹55,863.21 crore. The stock’s 52-week range has been between ₹1,252.85 and ₹605.05 per share on the BSE.
Uno Minda, a multinational automotive components company, focuses on solutions in electrical, safety, and lighting for the automotive industry. CFO Sunil Bohra attributed the strong performance to strategic partnerships and a focus on customer relationships, aiming for long-term growth in the sector.
Recent news About Uno Minda:
Recent news highlights Uno Minda’s solid Q2 performance, with shares rising 5.8% on strong results. The company posted a 17.2% YoY revenue increase to ₹4,245 crore, and a 9% net profit boost, showcasing steady growth and reinforcing investor confidence in the auto components sector.
Stock performance of Uno Minda for Period of 1 week, 6 months and 1 year:
Uno Minda’s stock showed a weekly return decline of 5.53%, reflecting recent pressures. Over the past six months, the stock has fallen by 37.1%, and in the last year, it recorded a substantial drop of 58.6%, showing ongoing challenges in performance.
Shareholding pattern of Uno Minda:
| All values in % | Sep-24 | Jun-24 | Mar-24 |
| Promoters | 68.75 | 68.75 | 68.76 |
| FII | 9.71 | 8.65 | 7.57 |
| DII | 15.51 | 16.65 | 17.47 |
| Retail & others | 6.04 | 5.94 | 6.21 |
About Uno Minda company:
Uno Minda is a prominent Indian multinational in the auto component sector, specialising in electrical, safety, security, and lighting solutions. Serving the automotive industry, the company has established itself with a broad product range, catering to both domestic and international markets.
Disclaimer: The above article is written for educational purposes and the companies’ data mentioned in the article may change with respect to time. The securities quoted are exemplary and are not recommendatory.
