Uno Minda (MINDA) reported strong Q3 FY26 results.

1. **Business Performance:** Consolidated revenues rose 20% YoY to Rs 5,018 Cr; Group revenues (incl.

JVs/Associates) were up 21% to Rs 6,476 Cr.

Profit (UML share, ex-exceptional) jumped 28% YoY to Rs 298 Cr.

Growth was fueled by record 2W Switch sales, a new 4W Lighting plant in Indonesia, and robust Airbags/Seating expansion driven by enhanced safety demand.

2. **Growth Drivers & Strategy:** Aggressive expansion is underway, with Rs 3,155 Cr invested in new facilities for 4W Alloy Wheels & EV Powertrain products.

UMBM is now a 100% subsidiary.

An ICE-EV agnostic product strategy and strong R&D in ADAS/EV are key for future 'kit value' growth.

3. **Recent Developments:** Highlights include commissioning the Indonesia 4W Lighting plant and fully acquiring UMBM.

A new 1.8 Mn p.a.

AW4W casting plant was announced.

Sensors, ADAS, and EV Systems are scaling up with new production lines.

4. **Key Financial Metrics:** * Consolidated Revenue: Rs 5,018 Cr (+20% YoY) * PAT (UML share, ex-exceptional): Rs 298 Cr (+28% YoY) * EBITDA: Rs 554 Cr (+21% YoY) with 11.0% margin.

5. **Management Outlook:** Management remains optimistic, driven by strategic expansions, R&D in future mobility, and recovering exports.

Focus remains on increasing product offerings and market share.