- UNO Minda Ltd reported a net income of 2.33 billion rupees for the third quarter, beating market estimates of 2.26 billion rupees.
- The net income saw a year-on-year increase of 21%.
- Revenue reached 41.8 billion rupees, up by 19% compared to the previous year, surpassing the estimated 40.85 billion rupees.
- Total costs for the quarter were reported at 39.3 billion rupees, marking a 19% increase year-on-year.
- Finance costs surged by 65% to 473 million rupees, exceeding expectations of 419.7 million rupees.
- Pretax profit amounted to 3.01 billion rupees, showing an 11% increase from the previous year.
- A dividend of 0.75 rupees per share has been declared.
- UNO Minda has approved an in-principle plan to raise up to 5 billion rupees through bonds.
- The company has sanctioned an expansion of the Hosur plant to a capacity of 15,000 tons per year.
- A capital expenditure of 655.9 million rupees is approved for the Hosur plant expansion.
- Market analysts’ recommendations include 12 buy ratings, 3 hold ratings, and 4 sell ratings on UNO Minda stocks.
“`
A look at UNO Minda Smart Scores
| Factor | Score | Magnitude |
|---|---|---|
| Value | 2 | |
| Dividend | 2 | |
| Growth | 4 | |
| Resilience | 3 | |
| Momentum | 3 | |
| OVERALL SMART SCORE | 2.8 |
Smart Score is a compound score for the Company indicating its overall outlook. It is derived by taking an equally weighted average of underlying Factor scores computed by Smartkarma
UNO Minda Limited, a company that designs, develops, and manufactures auto components, has a promising long-term outlook based on its Smart Scores. With a solid Growth score of 4, indicating strong potential for expansion, UNO Minda is positioned for future development in the auto industry. The company also shows resilience with a score of 3, suggesting its ability to withstand challenges and adapt to market conditions. In terms of momentum, UNO Minda holds a score of 3, reflecting positive upward trends that could drive its performance forward.
Although UNO Minda‘s Value and Dividend scores are more moderate at 2, the company’s strong focus on growth and resilience bodes well for its overall outlook. With a diverse range of auto components and a global customer base, UNO Minda is poised to capitalize on opportunities in the industry and maintain its position as a key player in the market.
Disclaimer: This article by Smartkarma is general in nature and based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. Note that our articles may not factor in the latest price-sensitive company announcements or qualitative material.
While all reasonable care has been taken in the preparation, Smartkarma makes no assurance about the accuracy of any generated data or content. All content is indicative only and should be independently checked for accuracy and confirmed before use. Smartkarma accepts no responsibility for any loss or damage caused as a result of any inaccuracy or error within the Lab online tools or generated data.
Have feedback on this article? Concerned about the content? Get in touch with us directly.
💡 Before it’s here, it’s on Smartkarma
Sign Up for Free
The Smartkarma Preview Pass is your entry to the Independent Investment Research Network
- ✓ Unlimited Research Summaries
- ✓ Personalised Alerts
- ✓ Custom Watchlists
- ✓ Company Analytics and News
- ✓ Events & Webinars
