Conference Call with Lumax Industries Management and Analysts on Q2FY22 Performance and Outlook. Listen to the full earnings transcript.
Highlights: Q2FY22 Revenue at Rs. 453 Cr, growth of 14% YoY, better than industry growth EBITDA margins at 9.1% for Q2FY22 PAT margin after share of associate stood at 3.4% for Q2FY22 vs 1.8% in Q2FY21 The EBITDA margins for Q2FY22 is down by 130 basis points from Q2FY21 primarily on account of steep increase in raw material prices, the compensation of which is under discussion with customer. Commenting on the performance Mr. Deepak Jain, Chairman & Managing Director, Lumax Industries Limited said, “Q2FY22 witnessed strong recovery with a growth of 14% on YoY basis. As compared to muted Q1FY22 owing to the 2nd wave of covid, we registered good set of numbers. During Q2, demand was strong and stable, however some of our key customers are facing production challenges in view of the semi-conductor chip shortages. We are envisaging an improved order book in view of new product launches by OEMs and we are well prepared to make the right investments in capacities and design technology to stay ahead.” Result PDF