The facility of the casting division of the company will be set up to cater the increasing demands of original equipment manufacturers for casting parts in electric vehicles, the company said in an exchange filing.
The proposed capacity addition of the facility is 3,629 MT per annum, which is to be achieved in a phased manner.
The proposed capacity is to be added over five years in a phased manner with phase 1 expected SOP in the second quarter of the financial year 2027.
The mode of financing will be internal accrual and term loan, the company said.
Uno Minda’s fourth quarter net profit declined 7.5% to ₹266 crore from ₹287.9 crore in the previous year. Its revenue increased 19.4% to ₹4,528 crore from ₹3,794 crore in the previous fiscal.
The company’s earnings before interest, tax, depreciation and amortisation (EBITDA) increased 11% to ₹526.8 crore in comparison to ₹474 crore in the fourth quarter of the previous financial year. Its EBITDA margin contracted to 11.6% from 12.5% in the year-ago period.
Uno Minda shares were down 2.27% at ₹1,039.5 apiece at 2.25 pm on Thursday, June 19. The stock has gained 3.3% in the past month.
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