Conference Call with Lumax Auto Technologies Management and Analysts on Q4FY24 Performance and Outlook. Listen to the full earnings transcript.
Auto Parts & Equipment company Lumax Auto Technologies announced Q4FY24 & FY24 results: Highest ever quarterly revenues for Q4FY24 at Rs 757 crore; up by 54% YoY For FY24, Revenue at Rs 2,822 crore; up by 53% YoY EBITDA for Q4 at Rs 110 crore; up by 77% YoY, EBITDA margins at 14.5%, up by 190 bps YoY for Q4FY24. For FY24, EBITDA margins at 14.6% compared to 12.1% in FY23, up by 250 bps Profit after Tax (PAT) before Minority Interest at Rs 51 crore, up by 116% YoY for Q4FY24 and Rs 167 crore, up by 50% YoY for FY24. Commenting on the results, Anmol Jain, MD, Lumax Auto Technologies said, " With remarkable growth in the automotive industry, driven by a surge in PV segment demand and robust 2-wheeler sales, our focus on safety, innovation, and lightweighting remains paramount. These strong results are a testament to our customers' trust, enabling us to continue delivering excellence and innovative solutions. The company is positioned as a leader in the industry with strong operational and financial results, owing to its diversified product portfolio and strong partnerships that center on cutting-edge automotive technologies and innovations." Vikas Marwah, CEO added that "Lumax Technologies is dedicated to niche technologies and markets, aiming to carve out a unique position in the industry. The company with its multi-product and multi partnerships aims to scaleup its product offerings and explore new avenues in the automotive industry. We are committed to promoting emerging areas like advanced plastics, electronisation to meet the dynamic demands of our customers and the industry.” Result PDF