Uno Minda shares cracked over 8 percent last week, and a steep 17 percent last month. The auto components manufacturer announced that it has entered into a joint venture agreement with Suzhou Inovance Automotive Co Ltd. The collaboration will focus on the development and production of high-voltage EV powertrain products for both passenger and commercial vehicles. At about 9:40 am, shares of the company were trading at Rs 900, higher by 1.2 percent from the last close on the NSE. The company’s revenue also saw a 20 percent rise, growing to Rs 3,136 crore from Rs 2,611 crore in the same quarter last year. Earnings Before Interest, Tax, Depreciation, and Amortisation (EBITDA) for the quarter stood at Rs 301 crore, with the margin slightly adjusting to 9.6 percent, compared to 10.2 per cent in the corresponding period last year, according to the company’s annual report. The partnership is an extension of Uno MindA’‘s relationship with Inovances Automotive, following a technical license agreement signed in June 2024,’ the company said.
Uno Minda shares cracked over 8 percent last week, and a ste….
