UNO Minda Limited — Earnings Release 2023

Nov 10, 2022

Ref.No. Z-IV/R-39/D-2/NSE/207 & 174 Date: 10/11/2022

National Stock Exchange of India Ltd.	BSE Ltd.
Listing Deptt., Exchange Plaza,	Regd. Office: Floor -25,
Bandra Kurla Complex, Bandra (E),	Phiroze Jeejeebhoy Towers,
Mumbai -400 051	Dalal Street, Mumbai-400 001.
NSE Scrip: UNOMINDA	BSE Scrip: 532539

Sub: Press Release

Dear Sirs,

Pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, we are enclosing herewith is a "Press Release" dated 10 November, 2022, titled, Uno Minda reported highest ever quarterly revenues and PAT with 36% and 80% growth Y-o-Y respectively, issued by the Company. the contents of which are self - explanatory.

The same is also being made available on the company's website www.unominda.com This is for your information and records.

Thanking you,

Yours faithfully, For Uno Minda Limited

;;tPtve.') h;:;t �

Tarun Kumar Srivastava Company Secretary & Compliance Officer

Encl : As above.

Tarun Kumar Srivastava Digitally signed by Tarun Kumar Srivastava Date: 2022.11.10 13:20:20 +05'30'

Uno Minda Limited (formerly known as Minda Industries Limited)

CIN: L74899DLI 992PLC050333, Regd. Office: 8-64/1, Wazirpur Industrial Area, Delhi-110052, (Corporate) Village Nawada Fatehpur, P.O. Sikanderpur Bodda, Manesar, Distt. Gurgaon, Haryana -122004, INDIA T: +91 124 2290427/28, 2290693/94/96 Fax: +91124 2290676/95, Email - info@mindagroup.com,www.unominda.com

Uno Minda reported highest ever quarterly revenues and PAT with 36% and 80% growth Y-o-Y respectively

• ► Q2 FY23 Consolidated Revenue of" 2,877 Cr, with a Y-o-Y growth of 36%
• ► Q2 FY23 Consolidated EBITDA of" 318 Cr., with a Y-o-Y growth of 40%
• ► Q2 FY23 Consolidated PAT (Uno Minda share) at" 170 Cr., with a Y-o-Y growth of 80%
• ► Announced setting up new lighting plant with capital expenditure of Rs 400 Crores over next 5 years.

Particulars	Q2 FY23	Ql FY23	Q-o-Q	Q2 FY22	Y-o-Y	Hl FY23	Hl FY22	YoY%
Revenue from Operation	2,877	2,555	13%	2,114	36%	5,432	3,717	46%
EBITDA	318	266	20%	228	40%	584	375	56%
Margin(%}	11.1%	10.4%	29.bps	10.8%	66bps	10.8%	10.1%	68bps
PBT	208	159	31%	134	55%	367	178	106%
Margin(%)	7.2%	6.2%	87 bps	6.4%	100 bps	6.8%	4.8%	197 bps
PAT	182	150	22%	113	61%	332	138	140%
Margin(%)	6.3%	5.9%	97 bps	5.4%	47 bps	6.1%	3.7%	239 bps
PAT (Uno Minda Share)	170	139	23%	95	80%	309	110	180%
Margin(%)	5.9%	5.4%	48 bps	4.5%	143 bps	5.7%	3.0%	272 bps
EPS (diluted) in�	2.97	2.42		1.65		5.40	1.92

Figures in " Crore

Gurugram - November 10th, 2022 - Uno Minda limited ('Uno Minda') has announced its results for quarter ended September 30th 2022. At a consolidated level, the company registered the highest ever quarterly performance with revenue of, 2,877 Cr in Q2 FY23 as against, 2,114 Cr for corresponding quarter last year, registering a rise of 36% Y-o-Y, while it grew by 13% Q-o-Q compared to , 2,555 in Ql FY23.

The EBITDA for Q2 FY23 has been reported as, 318 Crs vis-a-vis , 228 Crs in Q2 FY22, growth of 40% Y-o-Y. Profit before tax for Q2 FY23 was at , 208 Crs as against , 134 Crs in Q2 FY22 and, 159 Crs in Ql FY23. PAT (Uno Minda Share) for the quarter is, 170 Crs in Q2 FY23 as against, 95 Crs in Q2 FY22 and , 139 Crores in Ql FY23.

The board has also approved setting up of new 4W lighting plant with total capital expenditure of, 400 Crores to be spent over a period of next 5 years in phased manner. The initial outlay i.e. Phase 1 for setting up the plant will be ~, 230 Crores to be spent over a period of next two years and remaining will be spent as sustaining capex thereafter based on the envisaged new businesses. Phase I is intended to be commissioned by Q4 FY24. The company is evaluating various locations to set up the plant and is expected to finalise within a quarter.

Mr Nirmal K Minda, CMD, Uno Minda Group says; "We have been taking measured efforts to increase our share of business with OEMs, consistently increase kit value and offer new and advance technologies to our customers to capture growing opport a.e-m---i� tomotive components market. Our efforts have been reaping benefits with c and leadership across all our products."

Sunil Bohra, CFO, Uno Minda Group says,

"Through continuous investment in both our manufacturing capacities and R&D activities, we have been making significant in-roads with OEMs, thereby increasing our revenues and profitability. We have also improved our margin profile supported by operating leverage. We remain consistent in our efforts and have delivered solid performance quarter-on-quarter, creating new milestones even in this quarter."

*****

Uno Minda Limited (formerly Minda Industries Limited) is a leading global supplier of proprietary automotive solutions and systems to OEMs as Tier-1. Incepted in 1958, It is one of the leading manufacturers of automotive switching systems, automotive lighting systems, automotive acoustics systems, automotive seating systems and alloy wheels in India. It manufactures and supplies over 20 categories of automotive components and systems to leading Indian and international OEMs based in India, Asia, South and North America and Europe. It has a leadership position in India in almost all the products it manufactures. Technology and innovation are the two strong pillars of the organisation, on the basis of which it has continued to lead the emerging trends in the automotive sector, over the past few decades.

The Group is a global player in the automotive sector with overseas manufacturing facilities in Indonesia, Vietnam, Spain, and Mexico, as well as R&D Centres in India, Germany & Spain. It has over 72 manufacturing plants globally and has JVs/Technical Agreements with world renowned manufacturers from Germany, Korea, Japan etc.

For more information about the Group and its businesses, please visit the website at http://www.unominda.com

For further information/Media queries please contact
AnkurModi		Medha Rani
Head -	Corporate Finance & Communication	Deputy Lead -Corporate Communication
Uno Minda LimitedUno Minda Limited
	Email id: amodi@unominda.com	Email id: mrani@unominda.com
�	https://twitter.com/unomindacom	�	https://www.facebook.com/unomindagrou p
Im	https://www.linkedin.com/company/ u nominda	a	http://youtube.com/c/unomindagroup

Im https://www.linkedin.com/company/ u nom inda

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Safe Harbor: This document may contain forward-looking statements about Uno Minda Ltd & its subsidiaries, which are based on the beliefs, opinions and expectations of the company's management as of th!! date of this press rel\ \ease and the companies do not assume any obligation to update their forward looking statements if those beliefs, opinions, expectations, or other circumstances should change, These statements are not the guarantees of future performance and involve risks and uncertainties that are difficult to predict. Consequently, readers should not place any undue reliance on such forward-looking statements. For historical financial peiforman ., e refer Investor, Relations section on the Company website www.unominda.com �\n a��--:, · f �