99.10 -0.35 (-0.35%)
NSE Oct 22, 2020 15:57 PM
Volume: 10,181
 

99.10
-0.35%
HDFC Securities
Despite the adverse impact of demonetisation on the auto industry, Lumax Autotech?s (LATL?s) net revenue stood at Rs 2.3bn ( 6% YoY), driven by strong growth in the gear shifters and seat frames segments. However, EBITDA was lower at Rs 142mn (-7% YoY) with a margin of 6.1% (-84bps YoY) owing to higher RM and employee costs. RPAT (after MI) at Rs 43mn (-40% YoY) was impacted by ~Rs 33mn extraordinary expenses as compensation paid to workers for closure of a plant in Waluj.
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Lumax Auto Technologies Ltd. is trading above all available SMAs
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