The share of the Auto Ancillaries – Electrical company recovered 3 percent from its day low after announcing a joint venture manufacturing of High Voltage EV powertrain products.
Price Movements
With the market capitalization of Rs 51,680 Crores, the share of Uno Minda Ltd is up by 0.99 percent compared to the previous close of Rs 894.10, and the share has recovered 3 percent from its day low of Rs 877.05 and is down by 26 percent from its 52-week high of Rs 1,255
About the news
Uno Minda Ltd has received Board approval for an investment of approximately Rs. 114 crore for a 70% equity stake in the JV, to be made over the next three years. Initially, the company will hold 100% equity until Inovance Automotive (HK) obtains regulatory approvals. Post-approval, the JV partner will acquire a 30% stake
The Board of the Company and the JV Company have approved the Detailed Project Report for developing and manufacturing high-voltage 4W PV & CV EV powertrain products, with a total project cost of approximately Rs. 423 crores
About the company
Uno Minda Limited is a leading global Tier-1 supplier of innovative automotive systems and solutions for OEMs. The company designs and manufactures over 25 categories of components for passenger vehicles, commercial vehicles, and two-/three-wheelers, supporting both ICE and electric/hybrid platforms.
Financials
The company reported a revenue of Rs 4,184 crores in Q3 FY25, up by 18.7 percent from its Q3 FY24 revenue of Rs 3,523 crores. It posted a Net profit of Rs 254 crore in Q3 FY25, up by 23 percent from its Q3 FY24 net profit of Rs 205 crores.
Written By Sanjay G
Disclaimer
The views and investment tips expressed by investment experts/broking houses/rating agencies on tradebrains.in are their own, and not that of the website or its management. Investing in equities poses a risk of financial losses. Investors must therefore exercise due caution while investing or trading in stocks. Dailyraven Technologies or the author are not liable for any losses caused as a result of the decision based on this article. Please consult your investment advisor before investing.
