Uno Minda shares gain 10% after Q2 profit rises 38%
In short
Uno Minda shares rose as much as 10% after the company said its Q2 net profit jumped 38% to ₹420 crore. The board also cleared an extra ₹85 crore investment for sunroof capacity in Haryana.
The numbers point to stronger earnings and more spending on expansion, which traders saw as positive for the company.
What the reporting says
Uno Minda shares rallied up to 10% after the company reported a 38% year-on-year rise in Q2 net profit to ₹420 crore. The board also approved an additional ₹85-crore investment to expand sunroof manufacturing capacity in Haryana. The profit jump and capex plan lifted the stock in trade.
Why it matters
Uno Minda reported a 38% year-on-year increase in Q2 net profit to ₹420 crore, and its board approved an additional ₹85-crore investment to expand sunroof manufacturing capacity in Haryana. The market reacted positively, with the shares rallying up to 10% on the update. The move reflects both earnings momentum and planned capacity expansion.