The shares of an Auto Ancillary company specializing in manufacturing automotive lighting and other components jumped upto 9 percent following their Q3 results with a 31 percent rise in Profit YoY.
Price action
With a market capitalization of Rs. 2,096.46 crores on Monday, the shares of Lumax Industries Limited jumped up to 9 percent in Intraday’s trade making a high of Rs. 2,364.70 per share.
What Happened
Lumax Industries Limited specializing in manufacturing automotive lighting and other components has announced its Q3FY25 results.
Its Revenue from operations grew by 40 percent YoY from Rs. 631.71 Crores in Q3FY24 to Rs. 887.08 Crores in Q3FY25 and it grew by 8.6 percent QoQ from Rs. 816.35 Crores in Q2FY25 to Rs. 887.08 Crores in Q3FY25.
Its Net Profit rose by 30.8 percent YoY from Rs. 25.58 Crores in Q3FY24 to Rs. 33.47 Crores in Q3FY25 and it rose by 18.35 percent QoQ from Rs. 28.28 Crores in Q2FY25 to Rs. 33.47 Crores in Q3FY25.
The earnings per share (EPS) for the quarter stood at Rs. 35.82, compared to Rs. 30.25 in the previous quarter and Rs. 27.37 in the same quarter last year.
About the Company
Lumax Industries Limited is an Indian company primarily engaged in manufacturing automotive lighting and other components. It supplies products such as headlights, tail lamps, and lighting systems for the automotive industry. Lumax has become a significant player in the sector, partnering with major automobile manufacturers in India and globally.
Orderbook Breakup
As of September 2024, the company’s order book stands at approximately Rs. 2,900 crore, with LED products contributing 87 percent (~Rs. 2,523 crore) and conventional products contributing 13 percent (~Rs. 377 crore) of the total order book.
Segment-wise revenue Break-up
As of H1FY25, the segment-wise revenue break-up is as follows: Conventional products contribute 64 percent and LED products contribute 36 percent This compares to H1FY24, where conventional products contributed 53 percent and LED products contributed 47 percent.
Written by Sridhar J
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