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
Auto parts company Lumax Industries announced Q2FY23 results: Q2FY23 revenue at Rs 620 crore, up by 37% YoY; highest ever single quarter revenue Q2FY23 EBITDA at Rs 64 crore, up by 54% YoY EBITDA margin at 10.2% for Q2FY23, up by 110 bps YoY PAT for Q2FY23 stood at Rs 33 crore, up by 115%. PAT margin stood at 5.3% Deepak Jain, Chairman & Managing Director, Lumax Industries, said, “Auto Industry is growing on the back of a strong recovery in demand in the local market with ease of component supplies. Our revenues for the half year grew by 48% on a year-on-year basis, outperforming the industry growth. The industry is on a revolutionary track, and we have always been at the forefront, offering best-in-class products to our customers. This has enabled us to increase our wallet share with existing customers and add new customers. We continue to have strong order wins for new business because of an array of new launches across the OEMs & product segments. With our continuous investments towards R&D;, we are well placed to ride this wave of growth with our technologically advanced product portfolio.” Result PDF
Conference Call with Lumax Industries Management and Analysts on Q1FY23 Performance and Outlook. Listen to the full earnings transcript.
Auto Parts & Equipment firm Lumax Industries announced Q1FY23 Result : Q1FY23 Revenue at Rs. 512 Cr, up by 63% from Q1FY22 EBITDA margins at 9.4% for Q1FY23, up by 670 bps from Q1FY22 PBT Margin stood at 4.6% for Q1FY23 Commenting on the performance Mr. Deepak Jain, Chairman & Managing Director, Lumax Industries Limited said, “Auto industry is witnessing a healthy growth from the last 2 quarters after a long haul and at Lumax Industries we have been able to outperform the industry growth. Our revenues for the quarter grew by 63% and our profitability has increased by 300% on Y-o-Y basis. As the industry is witnessing growth on the back of technological upgradation and new launches in pipeline by various OEM’s, we are all geared up to capitalise on the same with our technologically advanced lighting products and long-standing relationship with customer. This gives us an opportunity to participate & capture significant share in the existing models and new launches. We continue to work on design and development to innovate & provide products with the integrated technologies best suited for the evolving auto industry.” Result PDF
Conference Call with Lumax Industries Management and Analysts on Q4FY22 Performance and Outlook. Listen to the full earnings transcript.