Uno Minda Q4 FY26 results: PAT up 22%, dividend ₹2.65

What Uno Minda reported for Q4 and FY26

Uno Minda Limited published its audited financial results for the quarter and year ended March 31, 2026, and hosted an earnings call with investors on May 18, 2026. The company also uploaded its investor presentation and the audio recording of the call on its website.

For Q4 FY26, Uno Minda reported consolidated revenue from operations of ₹5,336 crore, up 18% year-on-year from ₹4,528 crore. Consolidated net profit (PAT) for the quarter rose to about ₹326 crore, compared with about ₹266 crore a year ago, translating into a 22% year-on-year increase.

For the full year FY26, the company reported normalised revenue from operations of ₹19,589 crore, up 17% from ₹16,775 crore in FY25. Normalised consolidated PAT attributable to shareholders (excluding prior period income and exceptional items) was reported at ₹1,166 crore, up 24% from ₹943 crore in FY25.

Industry backdrop: production rebound in H2 FY26

Management flagged a stronger second half for India’s auto production after a cautious first half. The company cited overall production volumes in Q4 FY26 at around 9.3 million units, up 19% year-on-year.

For FY26, total industry production was estimated at around 34.7 million units, an all-time high and up 12% year-on-year. The passenger vehicle (PV) segment was cited at about 1.6 million units in Q4 FY26, up 11% year-on-year, while annual PV production was estimated at 5.5 million units.

Uno Minda also pointed to rising electric vehicle penetration during FY26. E-2W registrations crossed 1.4 million with a penetration rate of 6.5%, e-PV registrations reached 2.0 lakh with 4.2% penetration, and e-3W registrations were about 0.8 million with penetration crossing 60%.

Q4 FY26 profitability: EBITDA at ₹603 crore

Uno Minda’s Q4 FY26 consolidated EBITDA came in at ₹603 crore, up 14% from ₹527 crore in Q4 FY25. The EBITDA margin for the quarter was 11.3%. The company also reported profit before tax of ₹436.14 crore in Q4 FY26, up 13.7% year-on-year.

Management said it maintained margins despite volatility in input costs, citing operational efficiency measures. Depreciation for the quarter was reported at ₹192 crore, higher by ₹27 crore, following capitalisation of facilities including new four-wheeler lighting plants at KD City and Indonesia, and a two-wheeler alloy expansion at Supa.

Group revenues including JVs and associates were reported at ₹6,829 crore for Q4 FY26, up 15% year-on-year.

FY26: normalised revenue at ₹19,589 crore

For FY26, Uno Minda reported normalised EBITDA of ₹2,182 crore, up 16% year-on-year. Management commentary in the call referenced a normalised EBITDA margin of 9.1%, while the results summary also cited an EBITDA margin of 11.1% for the full year.

On profit, the company reported PAT attributable to shareholders of ₹1,197 crore for FY26, and also reported normalised PAT of ₹1,166 crore after excluding prior period income and exceptional items. The normalised PAT figure represented 24% growth over FY25’s ₹943 crore.

Group revenues including JVs and associates were reported at ₹25,203 crore for FY26, up 17% year-on-year.

Segment snapshot: Switches and Casting led growth

Uno Minda’s Switches segment reported Q4 FY26 revenue of ₹1,343 crore, up 17% year-on-year, and contributed about 25% to consolidated turnover. For FY26, the division’s revenue was reported at ₹4,871 crore, up 16% from ₹4,204 crore in FY25. Management attributed the quarterly growth primarily to the two-wheeler switching business, which it said grew over 26% year-on-year.

In the Casting business, Q4 FY26 revenue reached ₹982 crore, up 14% year-on-year, contributing about 18% to consolidated revenue. The company disclosed a quarterly mix of ₹535 crore from iron and steel, ₹259 crore from two-wheeler alloy wheels, and ₹188 crore from aluminium die casting. For FY26, casting revenue was reported at ₹3,694 crore, up 15% year-on-year.

The company also stated that international business contributed around 10% of total revenues during Q4 FY26. It added that exports gained momentum during the quarter to ₹54 crore, supported by higher offtake from international customers and new export accounts.

Capital allocation: EV plant, fund-raise, dividend

Uno Minda said it secured major new orders during the period and announced a second EV powertrain plant in CSN with an investment of ₹550 crore.

Separately, the Board approved a ₹2,500 crore fund-raise. The company also recommended a final dividend of ₹1.75 per share for FY26. Together with an interim dividend of ₹0.90 per share already paid during the year, the total dividend for FY26 aggregates to ₹2.65 per share. The company stated the total dividend would amount to ₹153 crore.

For the final dividend, Uno Minda fixed May 29, 2026 as the record date, subject to shareholder approval at the ensuing AGM.

Market reaction and earnings-call availability

Following the Q4 results, Uno Minda shares rose 1.59% to ₹1,140.25. The company also made the May 18, 2026 earnings-call audio available on its website for investors seeking more detail.

While the quarter reflected strong year-on-year growth in revenue and profit, the company also highlighted the role of value-added features and volume expansion across both core and emerging offerings.

Key numbers at a glance

What investors will track next

The immediate focus areas include the execution timeline and ramp-up for the second EV powertrain plant, along with clarity on the ₹2,500 crore fund-raise structure and use of proceeds when the company provides further details.

Investors will also track how export momentum, reported at ₹54 crore for the quarter, evolves as the company adds new export accounts and diversifies its revenue base.

Conclusion

Uno Minda closed FY26 with normalised revenue of ₹19,589 crore and normalised consolidated PAT of ₹1,166 crore, supported by Q4 revenue growth of 18% and PAT growth of 22%. The next set of milestones will be the AGM-led dividend approval process, the record date on May 29, 2026, and updates on the EV powertrain expansion and fund-raise plans.