Auto Parts & Equipment company Lumax Industries announced Q1FY25 results: Revenue at Rs 766 crore for Q1FY25, up by 23.8% compared to Q1FY24 EBITDA stood at Rs 70 crore for Q1FY25 compared to Rs 54 crore in Q1FY24, growing by 29.4% EBITDA margins stood at 9.1% for Q1FY25 compared to 8.7% in Q1FY24 PAT for Q1FY25 stood at Rs 34 crore compared to Rs 23 crore in Q1FY24, a growth of 47.8% PAT margin stood at 4.5% for Q1FY25 compared 3.7% in Q1FY24 Commenting on the performance Deepak Jain, Chairman & Managing Director, Lumax Industries said, We commence FY25 with a commendable performance across the board, achieving a notable YoY revenue growth of 24% for the quarter. This impressive growth is attributed to a robust order book and excellent execution. Particularly, our revenues from LED lighting have shown significant growth. We anticipate maintaining this growth momentum in the coming quarters. The automobile sector is currently experiencing favorable conditions, which we expect to improve further, especially in the second half of the year, with several new vehicle launches planned by major OEMs. We remain committed to advancing our R&D; efforts and leveraging our strategic partnership to capitalize on these positive trends. In conclusion, our strong start to FY25 underscores our ability to execute effectively and seize market opportunities. We are confident that our focused strategies and dedication to innovation will drive continued success and create long-term value for our stakeholders. Result PDF
Auto Parts & Equipment company Lumax Industries announced Q4FY24 & FY24 results: Revenue at Rs 743 crore for Q4FY24 and Rs 2,637 crore for FY24, up by 22.1% and 13.7% YoY respectively EBITDA at Rs 71 crore and Rs 242 crore for Q4FY24 & FY24 respectively EBITDA margins at 9.6% for Q4FY24 & 9.2% for FY24 PAT for Q4FY24 at Rs 36 crore vs Rs 21 crore in Q4FY23, a growth of 73.8% PAT margin stood at 4.9% for Q4FY24 vs 3.4% in Q4FY23 Recommends final dividend of Rs 35 per equity share (FV Rs 10/- per equity share) Commenting on the performance Deepak Jain, Chairman & Managing Director, Lumax Industries Limited said, “We are pleased to report a strong performance for FY24, with revenues increasing by 14% year-over-year. This growth was driven by strong sectoral tailwinds, including the aspirational demand for vehicle ownership in the country, favourable government policies, and our focus on improving efficiencies. As a pioneer in automotive lighting solutions for decades, Lumax Industries remains the preferred choice for OEMs seeking innovative and advanced comprehensive lighting solutions due to our unwavering commitment to excellence. On the operations front, we inaugurated Phase 1 of our Chakan plant in Q3FY24, which is witnessing strong capacity utilization driven by robust order flows, and we're confident of a swift ramp-up in the coming months. Additionally, we've announced for Phase 2 expansion of the plant, which is set to be commissioned by Q3FY25. Further, we're establishing a new manufacturing facility in Sanand to cater to strong demand for advanced lighting solutions from our OEM partners. This facility is poised to commence operations in the coming month. We are optimistic about FY25 and will continue to focus on R&D;, leveraging our experience to capitalize on sectoral tailwinds. We are confident in our ability to manufacture high-quality lighting solutions for OEMs and remain steadfast in our commitment to maintaining our leadership position in the automotive lighting industry." Result PDF
Conference Call with Lumax Industries Management and Analysts on Q3FY24 Performance and Outlook. Listen to the full earnings transcript.
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