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
Auto Parts & Equipment firm Lumax Auto Technologies declares Q4FY22 result: Historic high revenue of Rs. 1508 cr for 12M FY22; YoY growth of 36% from FY21 Highest ever Profitability; EBITDA – Rs. 163 cr at 11.8%; PBT – Rs.115 cr at 7.6% Final Dividend declared @175% (Rs. 3.5 per equity share). Commenting on the results Mr. Anmol Jain, MD, Lumax Auto Technologies said “Lumax Auto Technologies has witnessed strong growth amidst all the prevailing industry challenges. The Company has recorded its highest ever revenue & profitability in the current financial year. Overall industry production witnessed 1% growth YoY, whereas the company’s consolidated topline grew by 36% in FY22. As the company along with its subsidiaries is chosen under the Production Linked Incentives(PLI)scheme, marvellous growth opportunity awaits for each of the product line and we will be aggressively working on all its products approved under the PLI scheme and meet our strategic objectives." Result PDF
Conference Call with Lumax Auto Technologies Management and Analysts on Q3FY22 Performance and Outlook. Listen to the full earnings transcript.
Auto Parts & Equipment company Lumax Auto Technologies declares Q3FY22 result: Q3 revenue at Rs. 428 cr; growth of 17% from Q3FY21, historic high single quarter sales. EBITDA margin at 11.2% for Q3FY22 The Q3FY22 includes price correction of earlier quarters from the OEM amounting Rs.18 crores which is added both in revenue & raw material consumption. Thus, the comparable revenue for Q3FY22 is Rs. 410 cr, up by 12% QoQ and EBITDA margin is 11.7% which is in line with Q3FY21. Commenting on the results Mr. Anmol Jain, MD, Lumax Auto Technologies said “Q3FY22 remained soft across the automotive sector. Despite sectoral headwinds, the company recorded a growth of 17% in the current quarter from Q3FY21 & also has been able to post historic high sales for two successive quarters due to diversified product portfolio & strong aftermarket growth. The Auto industry is progressing towards improved technology at an accelerated pace and LATL is wellpositioned to seize this opportunity. There is a major shift in consumer’s mindset and expectations, exploring new features, being part of this value chain, we bring innovation to our products through our continuous efforts in R&D.; We are happy to announce that with respect to Production Linked Incentives (PLI) scheme rolled out by Government of india, the company has successfully applied for the scheme in collaboration with our various JV partners.” Result PDF
Conference Call with Lumax Auto Technologies Management and Analysts on Q2FY22 Performance and Outlook. Listen to the full earnings transcript.