Auto parts & equipment company Lumax Industries announced Q1FY24 results: Revenue of Rs 512 crore in Q1FY23 compared to Rs 618 crore in Q1FY24, up 21% YoY EBITDA of Rs 48 crore in Q1FY23 compared to Rs 54 crore in Q1FY24, up 12% YoY EBITDA margin (%) of 9.4% in Q1FY23 compared to 8.7% in Q1FY24 PBT of Rs 24 crore in Q1FY23 compared to Rs 23 crore in Q1FY24, a decrease of 2% YoY PAT after share of associate of Rs 20 crore in Q1FY23 compared to Rs 23 crore in Q1FY24, up 17% YoY EPS of Rs 21.20 in Q1FY23 compared to Rs 24.73 in Q1FY24 Commenting on the performance Deepak Jain, Chairman & Managing Director, Lumax Industries said, “We are delighted to announce our revenues for Q1FY24 grew by 21% YoY and Profit after tax has grown by 17% over Q1FY23, this performance is a testimony of our leadership position in automotive lighting segment by delivering advanced solutions for the evolving needs of customers & industry. As the industry is witnessing a steady shift in demand from conventional lighting to LED lighting, on the back of technological upgradation and new launches in the pipeline by various OEMs, we are all geared up to capitalize on the same with our technologically advanced lighting products, in-house R&D; and long-standing relationship with the customer.” Result PDF
Conference Call with Lumax Industries Management and Analysts on Q4FY23 Performance and Outlook. Listen to the full earnings transcript.
Auto Parts & Equipment company Lumax Industries announced Q4FY23 & FY23 results: Q4FY22 vs Q4FY23: Revenue (Total): Rs 549 crore vs Rs 608 crore, up 11% YoY EBITDA (Total): Rs 61 crore vs Rs 53 crore, down 12% YoY Margin (%): 11.1% vs 8.8% PBT: Rs 39 crore vs Rs 24 crore, down 40% YoY PAT: Rs 29 crore vs Rs 21 crore, down 27% YoY Margin (%): 5.2% vs 3.4% EPS: Rs 30.51 vs Rs 22.20 FY22 vs FY23: Revenue (Total): Rs 1,751 crore vs Rs 2,320 crore, up 32% YoY EBITDA (Total): Rs 148 crore vs Rs 222 crore, up 50% YoY Margin (%): 8.5% vs 9.6% PBT: Rs 63 crore vs Rs 113 crore, up 78% YoY PAT: Rs 41 crore vs Rs 103 crore, up 153% Margin (%): 2.3% vs 4.4% EPS: Rs 43.57 vs Rs 110.27 Commenting on the performance Deepak Jain, Chairman & Managing Director, Lumax Industries said, “As the automotive landscape undergoes rapid transformation, we remain focused on consistently delivering advanced solutions that address the evolving needs of customers and industry demands. Leveraging our deep expertise and state-of-the-art manufacturing capabilities, with a diverse portfolio of products that ensure enhanced performance, safety, and sustainability across the automotive value chain. Vehicle premiumization, shift to EVs and rising disposable income are key drivers for our growth. Strategic partnerships with leading technology companies around the world help us maintain a competitive edge. With our continued investments in R&D; and technologically advanced product portfolio, we are well positioned to outperform the industry growth.” Result PDF
Conference Call with Lumax Industries Management and Analysts on Q3FY23 Performance and Outlook. Listen to the full earnings transcript.
Auto parts & equipment firm Lumax Industries announced Q3FY23 results: Q3FY23: Q3FY23 Revenue at Rs 579 crore, up by 33% YoY Q3FY23 EBITDA at Rs 57 crore, up by 52% YoY EBITDA margins at 9.8% for Q3FY23, up by 120 bps YoY PAT for Q3FY23 stood at Rs 30 crore, up by 336%. PAT margin stood at 5.1% Commenting on the performance Mr. Deepak Jain, Chairman & Managing Director, Lumax Industries Limited said, “Indian Auto industry has surpassed Japan auto sales and now has become world’s third largest auto market. Overall, the demand is picking up in both urban & rural segments and the order book continues to grow with the robust outlook for the coming quarters. Automobile production in all segments increased year on year due to the resolving of semiconductor issues and improved economic activity. Our revenues for nine months grew by 42% on a YoY basis, outperforming the industry growth. With the positive outlook for the coming year, deep engagement with customers & addition of wallet share in existing models and new launches, we are optimistic about our journey in the coming years. Our strategic technological tie-ups with global players aid us in remaining competitive. We continue to have strong order wins for new business on account of an array of new launches across the OEMs & product segments. With our continued investments in R&D; and technologically advanced product portfolio, we are well positioned to ride this wave of growth." Result PDF