Uno Minda Q4 FY26 profit up 22% YoY: key numbers

Stock moves despite strong quarterly print

Uno Minda (NSE: UNOMINDA, BSE: 532539) was quoted at ₹1,067.80, down ₹54 or 4.81%, as on May 18, 2026 (4:01 pm IST). The same snapshot showed an open of ₹1,122.60, pointing to a sharp intraday drop after the start of trade. The company sits in the Auto Ancillaries segment within the broader automobile ecosystem and is classified as a mid-cap in the data provided. With quarterly results and multiple brokerage notes circulating, the session reflected the tension between reported growth and valuation concerns.

Key Q4 FY26 results: profit, revenue and margins

Uno Minda reported a 22.4% year-on-year jump in consolidated net profit to ₹325.81 crore for Q4 FY26, versus ₹266.21 crore in Q4 FY25. Revenue from operations for the quarter rose 17.8% YoY to ₹5,336.41 crore. Operating performance, measured through EBITDA, increased 14% YoY to ₹603 crore compared with ₹527 crore a year earlier, and was also up 9% sequentially.

The EBITDA margin was reported at 11.3%, down 33 basis points YoY, but up 27 basis points quarter-on-quarter, suggesting some near-term recovery even as year-on-year comparisons stayed tighter. Profit before tax (PBT) increased to ₹436.14 crore, up 13.7% YoY and 17.28% QoQ. The data also referenced a press release dated May 16, 2026, stating Uno Minda delivered strong Q4 FY26 and FY26 performance with diversified growth across core and emerging businesses.

Standalone quarter detail: March 2026 snapshot

Separately, the dataset included a standalone quarterly table for Mar 2026, with net sales of ₹3,930.97 crore, up 16.53% YoY. In that same standalone table, operating profit for Mar 2026 was ₹405.43 crore, while profit after tax was ₹203.09 crore and adjusted EPS was ₹3.52.

This standalone view also showed total expenditure of ₹3,525.54 crore, interest of ₹33.97 crore, and depreciation of ₹138.09 crore for the Mar 2026 quarter. The presence of both consolidated and standalone numbers in the provided material makes it important for investors to track which basis is being discussed, especially when comparing margins and growth rates.

Financial track record visible in quarterly sales series

A quarterly sales series (₹ crore) in the data showed sales rising from ₹3,092.66 crore (Jun 2023) to ₹5,018.06 crore (Dec 2025). This series includes intermediate quarters such as ₹4,528.32 crore (Mar 2025) and ₹4,814.03 crore (Sep 2025), reflecting a step-up over time. Another set of quarterly revenue points for late FY25 showed ₹3,746.62 crore (Dec 2025), consistent with the standalone quarterly table.

The dataset also mentioned the company has declared positive results for the last four consecutive quarters, without adding more numerical detail beyond the quarterly statements. Where different tables are presented, the underlying definitions (sales, total income, revenue from operations) can vary, so comparisons should be made on a like-for-like basis.

Valuation and fundamentals: premium multiples remain a theme

The snapshot listed a market capitalisation of ₹64,775.18 crore, ROE of 18.49%, and ROCE of 18.56%. It also showed a P/E (TTM) of 53.96x, an industry P/E of 51.01x, and a beta (LTM) of 1.37. Other metrics included P/B of 10.51, book value of 99.64, dividend yield of 0.26, PEG ratio of 12.32, EPS (TTM) of 17.78, and YoY quarterly earnings growth of 21.62.

The same input also contained other valuation readings for the stock, including a P/E of 63.457 (with a stated 5-year average P/E of 89.954) and another fundamentals block showing P/E (TTM) 68.91 and EPS (TTM) 16.89. These differences appear to come from different snapshots or sources within the compiled text, but they consistently position the stock as trading at a high earnings multiple.

Shareholding and market positioning

The shareholding pattern note said promoters reduced their holding to 68.37% in the Mar 2026 quarter from 68.41%. The compiled “market expectation” split showed 70.59% Buy, 17.65% Hold, and 11.76% Sell. Separately, an analyst-trend table for 18 analysts showed a distribution including 10 Buy, 5 Hold, and 2 Strong Sell at the time of that snapshot, with the counts broadly stable over one week and one month.

These mixed recommendation summaries are best read alongside the valuation data, because even positive earnings momentum can coexist with cautious stance when multiples are elevated.

Brokerage lens: Jefferies initiates with target price

A brokerage note in the dataset said Jefferies initiated coverage on Uno Minda with a Buy and a target price of ₹1,350, described as over 22% higher than the referenced market price at that time. Jefferies also said it expects EPS to grow at a 25% CAGR in 2026-28, with an average ROE of 20%, and referenced a FY27 P/E multiple of 42.

Another line in the same report set said all six brokerage recommendations available with Informist were Buy, with an average target price of ₹1,426. These brokerage targets were presented alongside the company’s reported quarterly performance, indicating that the bullish stance was linked to growth and return ratios rather than low valuations.

Quick data table: results and valuation snapshot

What the numbers mean for investors

The dataset shows a company delivering double-digit revenue growth and a more than 20% jump in quarterly profit, while the stock simultaneously faces selling pressure in some sessions. That combination is often seen when expectations are already high and the market focuses on valuation and margins rather than absolute growth. Here, the reported EBITDA margin decline of 33 bps YoY offers one such point of debate, even though the margin improved sequentially.

At the same time, ROE and ROCE close to 18.5% indicate strong capital efficiency in the published snapshot. The key question implied by the data is not whether Uno Minda is growing, but what multiple the market is willing to pay for that growth, especially when several parts of the input described the stock as “overvalued” at different times with P/E readings in the 60s.

Conclusion

Uno Minda’s Q4 FY26 numbers show strong YoY growth in profit and revenue, supported by higher EBITDA and a sequential improvement in margins. Yet the stock’s move to ₹1,067.80 in the provided snapshot highlights that near-term price action can diverge from quarterly fundamentals when valuation remains a concern. Investors tracking the name will likely focus next on how margins trend and how the market digests premium multiples alongside brokerage targets such as Jefferies’ ₹1,350.