Muted production and weak dispatches by the key clients kept Lumax on the back foot in the first half of the current fiscal. The revenue from operations increased marginally by 1.8% in Q2FY17 to Rs 309.83 crs/$45.6m (Rs 304.21 crs/$44.8m in Q2FY16) after seeing a slump of 4.5% in Q1FY17. Despite the two wheeler (17.5%) and the passenger segment (12.3%) seeing a robust growth in H1, Lumax struggled to keep the uptrend it witnessed last year. Deceleration in the auto industry seen in the last month is expected to continue till the end of the fiscal would...