Uno Minda and Samvardhana Motherson post strong profit gains in second quarter

Q2 Financial Results

Two major auto parts makers, Samvardhana Motherson International and Uno Minda, have posted strong profit and revenue growth for the second quarter of the 2026-27 financial year. Samvardhana Motherson reported a 42 percent jump in its net profit to ₹1,175.32 crore, compared to ₹827 crore in the same period last year. Its total revenue from operations rose to ₹38,279.85 crore from ₹30,172.97 crore. Meanwhile, Uno Minda posted a 36.6 percent increase in net profit at ₹440.81 crore, up from ₹322.79 crore a year ago. Its net revenue grew by 38.2 percent to reach ₹6,655.42 crore.

Brokerage Ratings And Stock Movement

Following the results, brokerage firm Motilal Oswal revised its target price for Uno Minda to ₹1,560 per share, pointing to a 17 percent upside potential. The brokerage also kept a 'Buy' rating on Samvardhana Motherson International with a revised target price of ₹200 per share, indicating a 19 percent upside. On the stock market, shares of Uno Minda closed 0.46 percent lower at ₹1,327.90 on the BSE, ending the day with a market capitalization of ₹76,681.79 crore. The stock has given a return of 18.7 percent over one month and 7.67 percent over one year. Samvardhana Motherson shares closed 5.31 percent lower at ₹158.60 on the BSE, though the stock has gained 52.5 percent over the past year.

Context

Auto ancillary companies supply vital parts and components to vehicle manufacturers, meaning their financial health closely tracks the overall demand in the automobile sector. When vehicle makers experience steady demand, companies that build the underlying parts often see parallel growth in their revenues and profits.