Auto components maker Uno Minda Ltd reported a 4.4% sequential decline in consolidated net profit to Rs 254.37 crore for the quarter ended December 2024, impacted by higher raw material costs and employee expenses. The profit was however up 24% compared to Rs 205.11 crore in the same quarter last year.
Revenue from operations declined marginally by 1.4% quarter-on-quarter to Rs 4,183.99 crore in Q3 FY25, but showed a robust growth of 18.8% from Rs 3,522.91 crore in Q3 FY24. The year-on-year revenue growth was driven by strong demand from automakers amid the continued momentum in vehicle sales.
Raw material costs increased to Rs 2,543.31 crore in Q3, up 3.3% from Rs 2,461.64 crore in Q2, reflecting inflationary pressures. As a percentage of revenue, raw material costs rose to 60.8% from 58% in the preceding quarter.
Employee costs remained largely stable at Rs 533.67 crore compared to Rs 528.24 crore in Q2. Finance costs increased marginally to Rs 47.30 crore from Rs 46.03 crore quarter-on-quarter.
The EBITDA margin, as calculated, contracted to 11.1% in Q3 from 11.4% in Q2, mainly due to the higher input costs. However, the company maintained healthy profitability supported by operating leverage benefits from higher volumes.
The company’s share of profit from associates and joint ventures stood at Rs 40.48 crore in Q3, down from Rs 48.43 crore in Q2 but slightly lower than Rs 43.70 crore in the year-ago quarter.
Basic earnings per share stood at Rs 4.05 for the quarter, compared to Rs 4.27 in Q2 and Rs 3.38 in Q3 FY24.