Uno Minda Q2 profit up 16%, CEO succession planned and Rs 85 cr sunroof expansion
UNOMINDA · price
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Board approved Q2 FY27 results: standalone revenue Rs 4,908 cr and net profit Rs 393 cr, up 16% from Rs 339 cr a year ago; EPS Rs 6.80. It approved Rs 85 cr to expand sunroof capacity at Bawal by Q2 FY28. Nitesh Minda is CEO (Designate) of the SCS domain and takes over on A.G. Giridharan's retirement; Kartikeya Joshi is now CMO and Amit Jain becomes Group Chief Growth and Technology Officer.
Higher profit and Rs 85 cr sunroof expansion may lift growth, but CEO transition and higher capex could weigh on near-term cash flow.