In Q1FY20, Lumax Ind.s reported revenues of Rs 402 cr (?17% YoY & ?7% QoQ) due to multi-month drop in automobile volumes. However, EBIDTA of Rs 39 cr was down only 4% YoY basis and flat on a QoQ basis with EBIDTA margin at 9.8% (130 bps higher on YoY basis).