Auto Parts & Equipment company Lumax Auto Technologies announced Q1FY25 results: Revenue for Q1FY25 stood at Rs 756 crore; compared to Rs 632 crore in Q1FY24 up by 20% YoY EBITDA for Q1FY25 stood at Rs 105 crore; up by 20% YoY, EBITDA margins at 14.0% Profit after Tax (PAT) and Minority Interest stood at Rs 32 crore compared to Rs 22 crore in Q1FY24 up by 43% YoY for Q1FY25 Commenting on the results Anmol Jain, MD, Lumax Auto Technologies said, We are delighted to report robust performance for the quarter with revenues growing by 20% for Q1FY25 standing at Rs 756 crore. EBITDA for the quarter stood at Rs 105 crore, growing by 20% with EBITDA margins at 14%. This growth reflects our unwavering commitment to excellence and the effectiveness of our strategic initiatives. On the operations front, we are delighted to report an increase in share of Passenger Vehicle (PV) segment, driven by a strong order book and robust execution. As the PV market continues to expand in India, we are confident in our ability to sustain this momentum and capitalize on emerging opportunities. In the broader industry landscape, while we observed higher inventory levels, these are now being cleared in anticipation of new model launches slated for the second half of the year, positioning us well for continued growth. Looking ahead, our focus remains on deepening our relationships with customers by increasing our wallet share through leveraging our strong partnerships and technological expertise. We are committed to enhancing our kit value by continuously improving our products, ensuring that we stay ahead of industry trends and meet the evolving needs of our customers. In conclusion, our robust Q1 performance lays a strong foundation for the remainder of FY25. With a clear focus on innovation, execution, and customer satisfaction, we are poised to achieve sustained growth and deliver exceptional value to our stakeholders Result PDF
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.
