Uno Minda moves up on reporting 20% rise in Q1 consolidated net profit
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UNO Minda is currently trading at Rs. 585.75, up by 10.30 points or 1.79% from its previous closing of Rs. 575.45 on the BSE.
The scrip opened at Rs. 577.65 and has touched a high and low of Rs. 586.55 and Rs. 577.65 respectively. So far 7146 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 609.80 on 31-Jul-2023 and a 52 week low of Rs. 433.00 on 24-Mar-2023.
Last one week high and low of the scrip stood at Rs. 591.50 and Rs. 568.10 respectively. The current market cap of the company is Rs. 33411.28 crore.
The promoters holding in the company stood at 70.05%, while Institutions and Non-Institutions held 23.64% and 6.30% respectively.
Uno Minda has reported results for first quarter ended June 30, 2023 (Q1FY24).
The company has reported 49.79% rise in its net profit at Rs 135.16 crore for the quarter under review as compared to Rs 90.23 crore for the same quarter in the previous year. Total income of the company increased by 19.43% at Rs 1,988.36 crore for Q1FY24 as compared Rs 1,664.89 crore for the corresponding quarter previous year.
On consolidated basis, the company has reported 20.22% rise in net profit at Rs 180.17 crore for the first quarter ended June 30, 2023 as compared to Rs 149.87 crore for the same quarter in the previous year. Total income of the company increased by 20.88% at Rs 3,100.47 crore for Q1FY24 as compared Rs 2,564.87 crore for the corresponding quarter previous year.
