Uno Minda (NSE:UNOMINDA) Full Year 2024 Results
Key Financial Results
- Revenue: ₹140.3b (up 25% from FY 2023).
- Net income: ₹8.80b (up 35% from FY 2023).
- Profit margin: 6.3% (up from 5.8% in FY 2023). The increase in margin was driven by higher revenue.
- EPS: ₹15.36 (up from ₹11.42 in FY 2023).
All figures shown in the chart above are for the trailing 12 month (TTM) period
Uno Minda EPS Beats Expectations
Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 4.8%.
The primary driver behind last 12 months revenue was the India segment contributing a total revenue of ₹120.6b (86% of total revenue). Notably, cost of sales worth ₹92.0b amounted to 66% of total revenue thereby underscoring the impact on earnings. The largest operating expense was General & Administrative costs, amounting to ₹18.1b (46% of total expenses). Explore how UNOMINDA's revenue and expenses shape its earnings.
Looking ahead, revenue is forecast to grow 15% p.a. on average during the next 3 years, compared to a 10% growth forecast for the Auto Components industry in India.
Performance of the Indian Auto Components industry.
The company's shares are down 3.8% from a week ago.
Balance Sheet Analysis
While earnings are important, another area to consider is the balance sheet. We've done some analysis and you can see our take on Uno Minda's balance sheet.
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This article by Simply Wall St is general in nature. We provide commentary 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. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.
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About NSEI:UNOMINDA
Uno Minda
Manufactures and supplies auto components and systems in India and internationally.
Flawless balance sheet with proven track record.
