Q2-FY26 · Sunil Bora
We have achieved normalized PAT growth of 29% for the quarter [Q2 FY25 PAT excluding exceptional income of ~9 crores]. We would like to highlight that Q2 FY25 PAT excluded exceptional income of around 9 crores.
UNOMINDA / language trends
Read confidence between the lines.
UNO Minda · tone and specificity signals across the available quarters.
Research layer active
Language signals
What changed in management language.
tracked
Q2-FY26 · Sunil Bora
Our objective or endeavor is that we should continue to outperform... even though this quarter industry volume growth is say 10% but if you see half of our revenues is four-wheeler and half is two-wheeler... our revenues have grown by 13.5%. So which clearly demonstrates a significant growth more than 1.5 times what we have been promising to the investors.
Q2-FY26 · Sunil Bora
This quarter we have applied for the PLC approval to government only in July. We understand internally they have got certain approvals... we are optimistic that ideally within this fiscal year we should have that approval in hand.
Q3-FY26 · Sunil Bora
We deliver our highest ever quarterly revenues supported by broad-based momentum across both established product lines and emerging technology segments. This balanced performance continues to reinforce our confidence in the resilience and scalability of our business model.
Q3-FY26 · Sunil Bora
Our core businesses—switches, lighting, alloy wheels—continue to benefit from structural trends such as premiumization, safety, and enhanced custom comfort features, driving higher content per vehicle. At the same time, our investments in EV technologies, sensors, and ADAS are evolving into key growth engines.
Q3-FY26 · Management (CFO response)
Once we have this sunroof and the EV business start of production, I'm sure that will give more confidence to our customers while we have been approaching all our customers in order to gain or build that order book.
Q4-FY26 · Ankur Modi
There will be startup cost, we all acknowledge that, and I think you have shared this also that the margin guidance what we are giving of 11% plus minus 50 basis point that also includes this expected or the known startup costs as of now, so we do expect to absorb all these in our current profitability.
Q4-FY26 · Ankur Modi
We have been discussing with our customers and our customers have been very supportive that in a when we have this lag impact for a quarter or a half year that is primarily in the normalized scenario, right, what we are currently sitting is not normalized actually, abnormal scenario.
Q4-FY26 · Ankur Modi
The 85% labor price increase in Haryana followed by Gujarat, so all these impact also are very sizable and we are discussing with our customers not only commodity prices even some of these significant labor price increases which are not normal.