Uno Minda announced that Commercial Paper of Rs. 100 crore issued on 12 April 2024 with maturity date of 26 June 2024 has been redeemed.Powered by Capital Market - Live News

Uno Minda has announced that it has entered into a Technical License Agreement (TLA) with Suzhou lnovance Automotive Co., China (lnovance Automotive) for manufacture and sale of select high voltage category electric vehicle products for passenger vehicle and commercial vehicle in India. The select electric vehicle products include Charging Control Unit (CCU), EV inverter, EV motors and next-generation 3-in-1 electric drive systems (e-Axle). This partnership will significantly expand Uno Minda`s e-4W product portfolio, enabling them to effectively cater to the growing Indian EV market. Uno Minda aims to further strengthen the partnership by transitioning it into a joint venture, subject to necessary approvals.Powered by Capital Market - Live News

Net profit of Uno Minda rose 58.29% to Rs 289.11 crore in the quarter ended March 2024 as against Rs 182.65 crore during the previous quarter ended March 2023. Sales rose 31.33% to Rs 3794.02 crore in the quarter ended March 2024 as against Rs 2888.97 crore during the previous quarter ended March 2023.For the full year,net profit rose 34.70% to Rs 880.31 crore in the year ended March 2024 as against Rs 653.55 crore during the previous year ended March 2023. Sales rose 24.87% to Rs 14030.89 crore in the year ended March 2024 as against Rs 11236.49 crore during the previous year ended March 2023. ParticularsQuarter EndedYear Ended�Mar. 2024Mar. 2023% Var.Mar. 2024Mar. 2023% Var. Sales3794.022888.97 31 14030.8911236.49 25 OPM %12.4911.05 -11.3011.05 - PBDT509.36341.85 49 1691.431321.28 28 PBT360.11233.57 54 1165.21891.35 31 NP289.11182.65 58 880.31653.55 35 Powered by Capital Market - Live News

UNO Minda announced that the Board of Directors of the Company at its meeting held on 23 May 2024, has recommended a Final dividend of Rs.1.35 per share (i.e.67.5%), subject to the approval of the shareholders.Powered by Capital Market - Live News

UNO Minda will hold a meeting of the Board of Directors of the Company on 23 May 2024Powered by Capital Market - Live News