Uno Minda approves ₹85 crore sunroof investment as capex pipeline hits ₹5,287 crore

what happened

Uno Minda, a major first-tier parts maker that supplies carmakers such as Maruti Suzuki, Hyundai and Tata Motors, has approved a new ₹85 crore outlay to widen sunroof output after receiving extra customer orders, Moody's reported, citing a regulatory filing dated November 5. Together with earlier projects, the five investments, including one tied to an associate company, now total ₹1,500 crore.

The company's November investor presentation lists 16 ongoing projects with an estimated cost of ₹5,287 crore, of which ₹1,628 crore had been spent as of September 30. The new sunroof capacity at Bawal, Haryana, is due by the second quarter of FY28, while the earlier ₹63 crore plant, built under a licensing deal with Japan's Aisin, should start production by the end of FY27.

In the July-September quarter of FY27, profit attributable to shareholders rose 38.1% to ₹419.72 crore from ₹303.99 crore a year earlier. Revenue grew 38.2% to ₹6,655.42 crore. EBITDA climbed 32.9% to ₹733.27 crore, but the margin narrowed to 11.02% from 11.46%. Exports from India jumped 77% to ₹218 crore.

why it matters

For investors, the key question is whether a growing order book and new capacity can turn into higher margins. Revenue outpaced the company's own estimate of 18% automobile volume growth, yet the EBITDA margin got thinner. Moody's notes the gap partly reflects higher component content per vehicle, though the two metrics are not directly comparable.

market impact

Uno Minda shares and auto components: revenue and export growth supports interest in the company

• ▲Uno Minda shares pressure up — revenue and profit growth outpaces the automotive market

tags

instruments