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Uno Minda Limited Reports Q2 FY27 Results, Approves Rs. 85 Crore Sunroof Capacity Expansion and Announces Senior Management Changes

Expansion project at Bawal expected by Q2 FY28, alongside CEO and CMO appointments effective November 5, 2026

Uno Minda Limited reported its unaudited standalone and consolidated financial results for the quarter and half year ended September 30, 2026. The company approved an Rs. 85 crore capital investment to expand its Sunroof manufacturing capacity at Bawal, Haryana, expected by Q2 FY28. Key senior management appointments were also announced effective November 5, 2026.

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Uno Minda LimitedUNOMINDA532539Financial Results

Uno Minda Limited

Financial Results

Uno Minda Limited announced its unaudited financial results for the quarter and half year ended September 30, 2026. The Board approved an Rs. 85.00 crore capital investment to expand sunroof manufacturing capacity in Bawal, Haryana, with commissioning expected by Q2 FY28. The company also announced key senior management role changes effective November 5, 2026.

The Board of Directors approved standalone and consolidated unaudited financial results for Q2 and H1 FY27, accompanied by Limited Review Reports.

An additional capital investment of approximately Rs. 85 crore was approved for expanding the Sunroof Division's manufacturing capacity at Bawal, Haryana. This expansion aims to meet growing demand in the Indian passenger vehicle market and is planned to be commissioned by Q2 FY28.

Senior leadership changes include appointment of Mr. Nitesh Minda as Chief Executive Officer (Designate) - SCS Domain effective November 5, 2026, to succeed outgoing CEO Mr. A.G. Giridharan upon his retirement.

Mr. Kartikeya Joshi was elevated to Chief Marketing Officer from November 5, 2026, to lead the Group's marketing function.

Mr. Amit Jain transitioned to Group Chief Growth and Technology Officer, expanding his role to include Corporate Manufacturing Excellence, Digital, and Strategy functions alongside Technology, R&D, and 4W EV business leadership.

Highlights

  • Unaudited standalone and consolidated financial results for Q2 and H1 FY27 approved.
  • Rs. 85 crore capital investment for Sunroof manufacturing expansion at Bawal, Haryana.
  • Sunroof expansion expected to be commissioned by Q2 FY28.
  • Mr. Nitesh Minda appointed CEO (Designate) - SCS Domain, succeeding Mr. A.G. Giridharan.
  • Mr. Kartikeya Joshi elevated to Chief Marketing Officer effective November 5, 2026.
  • Mr. Amit Jain re-designated as Group Chief Growth and Technology Officer with expanded responsibilities.

Key Data Snapshot

Reporting periodQuarter and Half Year ended September 30, 2026
Sunroof Division expansion investmentRs. 85.00 crore
Sunroof expansion locationBawal, Haryana
Sunroof expansion commissioning timelineQ2 FY28
New CEO (Designate) - SCS DomainMr. Nitesh Minda
Outgoing CEO - SCS DomainMr. A.G. Giridharan (retiring)
New Chief Marketing OfficerMr. Kartikeya Joshi
Group Chief Growth and Technology OfficerMr. Amit Jain

Financial performance

  • The Board approved unaudited standalone and consolidated financial results for Q2 and H1 FY27.
  • Financial results are accompanied by Limited Review Reports from the statutory auditors and other auditors of partnership firms.
  • Company's share of net profit after tax includes Rs. 18.57 crore for the quarter and Rs. 30.26 crore year to date from associated partnership firms.

Strategic context

  • Sunroof Division expansion is in response to incremental customer orders and growing demand for advanced sunroof systems in the Indian passenger vehicle market.
  • The additional manufacturing capacity is projected to be operational by Q2 FY28, supporting future growth.

Management commentary

  • Mr. Nitesh Minda appointed as CEO (Designate) - SCS Domain and will work closely with outgoing CEO Mr. A.G. Giridharan during the transition period.
  • Leadership transition aligns with upcoming retirement of Mr. Giridharan.
  • Mr. Kartikeya Joshi appointed Chief Marketing Officer to lead Group marketing functions.
  • Mr. Amit Jain assumes expanded role of Group Chief Growth and Technology Officer overseeing technology, R&D, 4W EV business, manufacturing excellence, digital and strategy functions.

Regulatory and governance context

  • Disclosures comply with SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 including Regulations 30, 33, 51, and 52.
  • Announcements made under SEBI regulation requirements and detailed in Annexures I, II, and III accompanying the board meeting outcome.
  • Board meeting took place on November 5, 2026, commencing at 11:45 A.M. and concluding at 12:35 P.M.

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Uno Minda Limited Reports Q2 FY27 Results, Approves Rs. | Stockk News