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
Conference Call with Lumax Auto Technologies Ltd. Management and Analysts on Q3FY24 Performance and Outlook. Listen to the full earnings transcript.
Auto Parts & Equipments company Lumax Auto Technologies announced Q1FY24 results: Consolidated revenues stood at Rs 632 crore; up by 50% YoY; Highest ever single quarter revenue EBITDA stood at Rs 88 crore; up by 82% YoY, EBIDTA margins stood at 14%, up by 250 bps YoY Profit after Tax (PAT) and Minority interest stood at Rs 22 crore. PAT margins stood at 3.5% Integrated Plastic Modules contributed 47% to overall Revenues followed by Aftermarket at 13%, Gear Shifter at 13%, Fabrication at 8%, Emission at 6%, Lighting products at 5%, and Others at 7% Passenger Car contributed 45% to overall Revenues, 2/3?Wheelers at 24%, After Market contributed 13%, CV’s at 9% and others at 8% Commenting on the results Anmol Jain, MD, Lumax Auto Technologies said, "We are delighted to announce yet another quarter of strong operational & financial performance. In Q1FY24, our revenues grew by 50% on a YoY basis and our EBITDA surged by 250 basis points YoY. Despite encountering several challenges over the past two years, the automotive industry has exhibited remarkable resilience in its growth trajectory. With a concerted emphasis on localizing production, alleviating supply chain bottlenecks, higher EV adoption, integrating digital solutions for enhanced customer experiences, and embracing a shift towards elevated & premium vehicle offerings, the prospects appear promising. Within the domain of Lumax, our deep industry expertise, long-standing relationships with OEMs, state-of-the-art manufacturing facilities, and continuous innovation gives us the confidence to not only outpace the industry growth but also enhance our client base and deepen our wallet share among existing OEMs. Our recent partnership, IAC India is performing as per our expectations and is adding significant value to content per vehicle. With the integration of IAC India with Lumax, we have not only enhanced our product portfolio but are also successful in cross-selling and upselling these products to our existing & new clients." Result PDF
Conference Call with Lumax Auto Technologies Management and Analysts on its acquisition. Listen to the full transcript.
Lumax Auto Technologies announced Q2FY23 results: Q2FY23 Consolidated: Q2FY23 revenue at Rs 487 crore; growth of 21% YoY; Historic high single quarter revenue Q2FY23 EBITDA at Rs 64 crore; up by 25% YoY EBITDA margin at 12.2% for Q2FY23; up by 30 bps YoY PAT for Q2FY23 stood at Rs 29 crore; up by 24% YoY. PAT margin stood at 6.0% Commenting on the results Mr. Anmol Jain, MD, Lumax Auto Technologies said “We are seeing the twin benefits of the uptick in the Auto industry and being a multi-product company. We have seen growth across all OEMs and product categories and strongly believe this trend to continue. With increased technological advancements, consumer sentiments & buying behaviour, we envisage demand for more advanced & premium products to increase, which in turn will be the future growth drivers for the auto industry. We have been continuously working to improve our product performance and keep abreast with the shift witnessed in the auto industry. At LATL, we have witnessed strong momentum backed by operating leverage benefits. As utilization levels increase across our subsidiaries and launch of new products for our OEMs, we are confident of growth momentum to continue.” Result PDF
Auto Parts & Equipment firm Lumax Auto Technologies announced Q1FY23 Result : Q1FY23 revenue at Rs. 422 cr; growth of 62% from Q1FY22 EBITDA margin at 11.5% for Q1FY23 up by 430 bps from Q1FY22 PBT margin at 8.2% for Q1FY23 Commenting on the results Mr. Anmol Jain, MD, Lumax Auto Technologies said “Despite the challenges faced by the auto industry during the last few quarters, we have consistently been able to report strong quarterly revenue & profitability and are optimistic of maintaining similar growth run rate in the coming future. We are seeing a sharp revival in the auto industry on the back of stabilizing commodity prices and ease of shortages of semiconductors. With increased technological advancements, consumer sentiments & buying behaviour, we envisage demand for more advanced & premium products to increase, which in turn will be the future growth drivers for the auto industry. We have been continuously working to improve our product performance and keep abreast with the shift witnessed in the auto industry. With high runway for growth in the industry, our strong product portfolio & long-standing relationships with OEM’s; we are confident of outperforming the industry growth by increasing our wallet share among the existing customers, addition of our supplies in the new launches and addition of new customers.” Result PDF