Uno Minda reports record Q2 revenue of Rs 6,655 crore, up 38%

Uno Minda Limited reported record consolidated Q2 FY27 revenue of Rs 6,655 crore, up 38% year on year, and profit after tax attributable to shareholders of Rs 420 crore, also up 38%, for the quarter ended September 30, 2026. The company attributed the result to volume expansion, value addition, product mix and added capacity.

What drove Uno Minda's Q2 FY27 revenue growth?

Uno Minda's revenue growth was driven by expansion in volumes, rising value addition and a favourable product mix across its Switches, Lighting, Alloy Wheels and Seating businesses. Consolidated revenue increased by Rs 1,841 crore from Rs 4,814 crore in Q2 FY26 to Rs 6,655 crore in Q2 FY27, which Uno Minda described as its highest-ever quarterly revenue.

Green Mobility, comprising EV Systems and Alternate Fuel businesses, also contributed to Q2 FY27 growth momentum, according to Uno Minda. The company said the ramp-up of recently commissioned facilities and incremental capacities supported the quarter ended September 30, 2026, alongside growth in its established automotive-component product segments.

The November 5, 2026 release identifies Switches, Lighting, Alloy Wheels and Seating as contributors but does not disclose revenue for any individual segment within the Rs 6,655 crore quarterly total. It also does not quantify the contribution from Green Mobility, despite identifying EV Systems and Alternate Fuel as part of the growth mix.

The revenue increase outpaced the reported 33% rise in earnings before interest, taxes, depreciation and amortisation, or EBITDA, over the same Q2 comparison. Management said growth came from multiple verticals rather than one disclosed product line, while citing scale, operating leverage and operational efficiencies as factors in the financial performance.

How did Uno Minda's Q2 FY27 profitability change?

Uno Minda's Q2 FY27 EBITDA rose Rs 181 crore year on year to Rs 733 crore, while profit after tax, or PAT, attributable to shareholders increased Rs 116 crore to Rs 420 crore. Both revenue and attributable PAT grew 38% from Q2 FY26, whereas EBITDA grew 33%, based on the consolidated figures released on November 5, 2026.

The company said the rise in profitability reflected its diversified business portfolio and sustained operating performance during the quarter ended September 30, 2026. Chief Financial Officer Sunil Bohra attributed the result to growth across business verticals, greater scale, operating leverage and operational efficiencies, without disclosing segment-level profitability or margins.

In absolute terms, the Rs 116 crore rise in attributable PAT was smaller than the Rs 181 crore EBITDA increase between Q2 FY26 and Q2 FY27. Uno Minda did not provide quarterly EBIT, net debt, cash flow, tax expense or segment-margin figures in the November 5 release, limiting the disclosed profitability comparison to consolidated EBITDA and attributable PAT.

Uno Minda called Q2 FY27 another record quarter, citing its highest-ever quarterly revenue and profit. The announcement does not specify prior record amounts or identify a particular product segment as the principal source of the Rs 420 crore attributable PAT.

What did Uno Minda report for H1 FY27?

Uno Minda reported consolidated revenue of Rs 12,212 crore for H1 FY27, a 32% year-on-year increase for the half year ended September 2026. For the corresponding H1 FY26 period, the company reported comparisons against normalised EBITDA of Rs 1,026 crore and normalised PAT of Rs 543 crore, rather than providing a revenue base in the release.

H1 FY27 EBITDA increased 27% to Rs 1,305 crore from normalised EBITDA of Rs 1,026 crore in H1 FY26. PAT attributable to shareholders rose 32% to Rs 716 crore from normalised PAT of Rs 543 crore, making the half-year PAT growth rate equal to the 32% revenue growth rate reported for H1 FY27.

Based on the reported H1 FY27 revenue of Rs 12,212 crore and Q2 FY27 revenue of Rs 6,655 crore, the implied first-quarter revenue within the half year was Rs 5,557 crore. This arithmetic comparison indicates Q2 revenue was Rs 1,098 crore higher than the implied first-quarter amount, although Uno Minda did not separately discuss this sequential comparison in the release.

The H1 comparison shows EBITDA growth of 27% was lower than the 32% increases reported for both revenue and attributable PAT. Uno Minda did not explain in the November 5 release what adjustments underlie the term “normalised” for H1 FY26, so the announcement supports comparison with those stated normalised bases only.

What is Uno Minda investing in sunroof capacity?

Uno Minda's board approved an additional capital investment of approximately Rs 85 crore to expand sunroof manufacturing capacity at Bawal, Haryana. The company said the expansion is intended to serve incremental customer orders it has secured and rising demand for advanced sunroof systems in India’s passenger-vehicle market.

The additional Bawal capacity is expected to be commissioned by Q2 FY28, according to Uno Minda. This follows an earlier investment in the same location, where the initial sunroof manufacturing facility was under construction as of November 5, 2026 and was expected to begin commercial operations by the end of FY27.

The announced Rs 85 crore is specifically an additional investment for capacity expansion, not a disclosed total project cost for the Bawal facility. Uno Minda did not provide a production-volume target, expected revenue contribution or number of customer orders for the project in its Q2 FY27 announcement.

Management said it was continuing strategic investments across multiple business verticals to augment manufacturing capacity and technological capabilities. Beyond the Q2 FY28 commissioning target for the expanded Bawal site and the end-FY27 operating target for the initial facility, the release sets out no further timing or spending milestones.

Conclusion

Uno Minda's Q2 FY27 release shows growth across core Switches, Lighting, Alloy Wheels and Seating operations as well as Green Mobility businesses covering EV Systems and Alternate Fuel. The company reported a Rs 1,841 crore year-on-year increase in quarterly revenue, while EBITDA rose by Rs 181 crore and PAT attributable to shareholders increased by Rs 116 crore.

The next disclosed operating milestones are the start of commercial operations at the initial Bawal sunroof facility by the end of FY27 and commissioning of the additional capacity by Q2 FY28. Progress against those dates, demand from the incremental customer orders cited for the approximately Rs 85 crore expansion, and the performance of recently commissioned facilities are the stated items to watch.