BOM:532539

Emkay Global Downgrades UNO Minda to Reduce from Add; Price Target is INR1,050

UNO Minda Clocks Higher Consolidated Profit in Fiscal Q4; Shares Fall 4%

UNO Minda's (BOM:532539, NSE:UNOMINDA) attributable consolidated profit increased to 3.26 billion Indian rupees in the fiscal fourth quarter from 2.66 billion rupees a year earlier, according to a Saturday filing on the Indian bourses.Shares of the auto parts supplier fell over 4% in Monday's trade.Earnings per share in the quarter ended March 31 climbed to 5.64 rupees from 4.62 rupees a year earlier.Revenue from operations in fiscal Q4 jumped year on year to 53.4 billion rupees from 45.3 billion rupees, the filing saidThe board recommended a final dividend of 1.75 rupees per share for the financial year ended March 31, payable to shareholders of record on May 29, the filing said.